Dropping Oil Prices Reveal Failed Economic Policies in Latin America

The steep drop in global oil prices has created ripple effects in the economies of Latin America, largely due to oil-for-loan schemes made with China. Fernando Menédez argues that even if China were to forgive their mounting debts, or more likely, when they default, these countries will still be in worse shape resulting from their failed economic policies.



Fernando Menéndez, Principal, Cordoba Group Int'l LLC via CHINA US Focus http://ift.tt/1xTCxkK