(Analysis) -- Proponents of Western capitalism tend to talk a lot about “development.” If one reads the publications of the World Bank or the International Monetary Fund, or writings of economists like Milton Friedman and Jeffrey Sachs, one gets the impression that Western corporations are helping impoverished countries by doing business with
The New Silk Road In Central America: Nicaragua Marches Forward
Wall Street banks and corporations operate with relative impunity in many Latin American countries often leading to persistent poverty. Nicaragua, determined to avoid the pitfalls suffered by her neighbors,is turning to China to help boost the local economy, and the results are promising.
