With the rise of cryptocurrencies in the world market, many Latin American countries are now integrating the digital coins into their national economies. For Venezuelan President Nicolas Maduro, betting on crypto could be the last resort.
by Sebastian Preising
What does a country do if they are suffering from hyperinflation, rampant government corruption, and are bordering on total economic collapse? Some states may choose to adopt another nation’s currency or elect anti-corruption politicians, others are starting to turn towards unconventional solutions. In Venezuela, Bitcoin has already begun steadily replacing the hyper-inflated Bolivar as the nation’s primary transaction currency. In the last week alone, Venezuela reportedly traded over $350 billion Bolivars for Bitcoin, and continues to do so at an increasing rate.
Continue reading “Pegging on The Petro: Venezuela’s Crypto-friendly Strategy to Save a Failing Economy”
by Marc Camanag
Although there is little consensus on whether Bolivia’s recent shift in leadership constitutes a coup, there is a power struggle plaguing the nation. Amidst widespread protests, it is clear that the resignation of former president Evo Morales carried very real consequences for the Latin American nation and its people. But to what extent? The fall of Morales — the country’s first indigenous president — after nearly fourteen years in office sparked violent protests between his native loyalists and defected police forces. While mostly rooted in deep-seated fears of regression, strong opposing ideologies in Bolivia date back to earlier times involving oppressive post-colonial structures.
Continue reading “Bolivia In Crisis: The Legacy of Evo Morales”
by Isabella De Silva
Human trafficking is tied with arms dealing as the second most lucrative illegal activities in the world. One of the nations that has been most affected by human trafficking is Mexico. Its prominence is demonstrated by the 6.6 billion dollar trafficking industry that exists in Mexico alone. Specifically, the trafficking of women is especially prevalent in a country like Mexico where relationships are “largely shaped by the socio-cultural factors in machismo culture, including those which lead men to seek affirmation of certain masculine sexual identities related to vitality and dominance.” This type of behavior “tend[s] to lead to discrimination against women and girls”. Male-dominated societies create vulnerabilities for women that make them susceptible to coercion into human trafficking.
Continue reading “Romeo Pimps in Mexico: Far From a Love Story”