100 ANNIVERSARY ISSUE.DEVALUATIONS AND DEBT, PRESIDENTIAL ELECTIONS AND PRIVATE SECTOR INVESTMENT. Since its debut in 1993, LATIN TRADE Latin Trade is a monthly magazine covering global business in Latin America and the Caribbean. Similar to Forbes and Fortune Magazine in coverage, the magazine was founded in 1993 and now publishes 87,000 copies 1 each month in Spanish, Portuguese, and English. has faithfully followed developments in the Americas. With this edition of the magazine, we create some news of our own: this is our 100th issue. JANUARY 1993 Rewiring Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. U.S. phone giants transform the region's telecom landscape. FEBRUARY 1993 Enron Moves South With Argentina's biggest gas lines, Enron begins a serious foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my Latin America. MARCH 1993 The Fisher Kings Chile edges Canada to becomes world's second-largest salmon exporter after Norway. APRIL April: see month. 1993 The Puzzle of Pacts Regional trade pacts spark commerce within the Americas. MAY 1993 Mexico-bound Rail Cargo Flexes Its Muscle Aiming to displace trucks, U.S. railroad companies grab for Mexican export-import business. JUNE 1993 Flying the Latin Skies Iberia Airlines Iberia Líneas Aéreas de España, S.A., (IBEX-35:IBLA) (Iberia Airlines of Spain in English), usually shortened to Iberia, is the largest airline of Spain, based in Madrid and is the Spanish flag carrier. It operates an extensive international network of services. jets in with a Latin American strategy. It would later lose altitude. JULY 1993 The Big One Argentina's Domingo Cavallo Domingo Felipe "Mingo" Cavallo (born July 21, 1946) is an Argentine economist and politician. He has a long history of public service and is known for implementing the Convertibilidad engineers the sale of oil giant YPF YPF Yacimientos Petrolíferos Fiscales (Argentina) YPF Esquimalt, British Columbia, Canada (Airport Code) YPF Young Peoples Fellowship . AUGUST 1993 Brazil's Multinational Jet Aircraft manufacturer Embraer storms the U.S. market. SEPTEMBER 1993 Nafta: The Fight for Free Trade Canada, Mexico and the United States Relations between the United States and Mexico are among the most important and complex that each nation maintains. They are shaped by a mixture of mutual interests, shared problems, and growing interdependence. struggle to make their ballyhooed trade pact a reality. OCTOBER 1993 The Passenger War American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the shakes up the aviation playing field. NOVEMBER/DECEMBER 1993 Power Generation Governments hustle to cope with the appetite for power. JANUARY 1994 The New World of Free Trade Nafta takes effect. Mexico's Carlos Salinas de Gortari Salinas de Gortari can refer to:
FEBRUARY 1994 Latin America Goes Wireless Countries leapfrog to the latest digital technologies. MARCH 1994 International contractors descend on Latin America in search of oil. Black Gold APRIL 1994 A Window Into Space French Guiana's space program blasts off. MAY 1994 Cuba for Sale President Fidel Castro Noun 1. Fidel Castro - Cuban socialist leader who overthrew a dictator in 1959 and established a Marxist socialist state in Cuba (born in 1927) Castro, Fidel Castro Ruz looks to save a bankrupt country. JUNE 1994 Mexican Stocks: What Next? Revolution in Chiapas, the Colosio assassination Assassination See also Murder. assassins Fanatical Moslem sect that smoked hashish and murdered Crusaders (11th—12th centuries). [Islamic Hist.: Brewer Note-Book, 52] Brutus conspirator and assassin of Julius Caesar. [Br. , Banamex president kidnapping ... could things get worse? Sure. JULY 1994 Microsoft Goes Latin The software giant wants more of the region's multibillion dollar market. SEPTEMBER 1994 A Real Plan Brasil's Fernando Henrique Cardoso Fernando Henrique Cardoso, pron. IPA: [fex'nãdu ẽ'xiki kax'dozu], (born June 18, 1931) - also known by his initials FHC waylays inflation with new economic program, but will it last? Yes. OCTOBER 1994 Mexican President-elect Ernesto Zedillo promises new growth, new jobs--and stability. A New Day for Mexico NOVEMBER 1994 Equity Markets After a roller coaster year, the region's stock markets appear ready to resume growth. (Less than a month later, the Mexican peso crashed.) DECEMBER 1994 Summit of the Americas The Summit of the Americas is the name for one of a sequence of summits bringing together the countries of the Americas for discussion of a variety of issues. These encounters are organized by a number of multilateral bodies led by the Organization of American States. Leaders promise an agreement, hemispheric free trade by 2005. JANUARY 1995 Speed Dialing A GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) and AT&T-led consortium builds a million-square-mile phone network in Argentina in less than 60 days. FEBRUARY 1995 Shaken Confidence Guillermo Ortiz becomes Mexico's finance minister, promising economic stability. Amazingly, he delivers. MARCH 1995 Everything Must Go Latin America leads the world in privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned . APRIL 1995 Back from the Brink Back from the Brink can refer to:
President Alberto Fujimori pushes Peru to 12% growth. MAY 1995 The Latin American computer market enters its fourth straight year of near 20% growth. Infotech Revolution JUNE 1995 Celestial Navigation Colombia's Liikkuva Systems International develops car navigation software. JULY 1995 The LATIN TRADE 100 Petrobras heads our first ranking of Latin America's largest publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . AUGUST 1995 Sowing Seeds Mexico's Grupo Pulsar becomes a world leader in seeds. SEPTEMBER 1995 The Cola Wars Pepsi takes the challenge to Coca-Cola. OCTOBER 1995 No Surprises, Please Rumors swirl that Argentine Economy Minister Domingo Cavallo will get the boot. (A year later he did--but he came back.) NOVEMBER 1995 Watch for Falling Prices Wal-Mart enters Brazil and Argentina with plans for 50 stores in five years. By 2000, it had 31. DECEMBER 1995 Bumpy Road Ahead Colombia's economy survived drug terrorism and guerrillas, but would it endure the Samper administration? Nope. JANUARY 1996 The Bravo Business Awards Ignacio Santillana, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Telefonica, wins the first Trade Leader of the Year award. FEBRUARY 1996 Kidnapping Inc. Holding executives hostage becomes big business. APRIL 1996 The Big Test Can Brazilian President Fernando Henrique Cardoso privatize mining giant CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage ? Yes. MAY/JUNE 1996 Quote of the Month "The tequila hangover is over. Today, we dance the tango." -- Lawrence Summers, former U.S. treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. secretary JULY 1996 Top 50 Banks Brazil's Caixa Economica Federal heads our first ranking of the top Latin American institutions. AUGUST 1996 A Fork in the Path AT&T successfully spins off Lucent Technologies--the equipment maker later outperformed its parent. SEPTEMBER 1996 Reconstructing the Future The Mexican peso crisis hits construction growth all the way down to Argentina. OCTOBER 1996 Cavallonomics Without Cavalllo? Life goes on without the architect of Argentina's economic stability. NOVEMBER 1996 Shoot for the Stars Fernando Espuelas launches Latin American Internet network StarMedia. DECEMBER 1996 The New Brazil Economic stability attracts cash. The US$13 billion in foreign investment in 1995 doubled by 2000. JANUARY 1997 "El Loco" de Ecuador Neo-liberal economic policies give way to the "neo-loco" policies of President Abdala Bucaram. FEBRUARY 1997 Panama Countdown Time With the canal handover n. 1. The act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original posssessors; the handover of power from the military back to the civilian authorities s>. just three years away, Panama plans to become a major transshipment Transshipment The passing goods from one ocean vessel to another. hub. It did. MARCH 1997 Bankers Powers "Our objective is to be one of the two or three leading banks in Latin America."--Ana Patricia Botin, CEO of Santander Investment Banking LATIN TRADE launches a Spanish-language edition, Revista LATIN TRADE. APRIL 1997 No More "Wobblies" A revitalized LanChile roars. MAY 1997 Stall Warning Venezuela's flagship airline Viasa shuts down after 37 years. JUNE 1997 Debt Load Latin American debt hits a record high $607 billion, says the IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). . It is estimated to finish 2001 at $780 billion. JULY 1997 Sell-off Brazil's CVRD sells a 41.7% controlling stake for $3.1 billion, Latin America's largest privatization to date. AUGUST 1997 Patience is a Virtue "We're frying a lot of fish right now and the kettle is only so big."--White House spokesman Mike McCurry on why free trade has been slow in coming SEPTEMBER 1997 Laid Off Colombian coffee pitchman Juan Valdez hang glides to sell Java to Generation X. In April 2001 Valdez was retired. OCTOBER 1997 Change Afoot "Which candidate won is not the issue. The fact is that Mexico is more democratic today than yesterday."--Goodyear Mexico President Hugh Pace, on Cuauhtemoc Cardenas' mayoral win in Mexico City NOVEMBER 1997 Latin America's Newest Tycoon Billionaire George Soros George Soros Born in Budapest, Hungary, in 1930, George Soros is considered by many to be one of the world's greatest investors. A famous hedge fund manager, Soros managed the Quantum Fund, a fund that achieved an average annual return of 30% from 1970-2000. builds an empire from Argentina to Mexico. DECEMBER 1997 Tiger Cub Emilio Azcarraga Jean, son of El Tigre, gains respect as head of Mexican media empire Televisa. JANUARY 1998 Panic Brazilian President Fernando Henrique Cardoso raises interest rates and taxes to head off a crisis after the Asian collapse. FEBRUARY 1998 Strong Words "The Venezuelan state is a huge leech sucking society dry."--Teodoro Petkoff, planning minister of Venezuela MARCH 1998 Want Fries With That? Franchising booms at 120% annual growth in the race to grab rising incomes. APRIL 1998 What Asian Collapse? Asia busts, but Latin America booms: The regional economy outstrips world growth at 5.3%. MAY 1998 Two Steps Forward... Mexico President Ernesto Zedillo busts street vendors for selling rubber masks of his likeness. JUNE 1998 Good Harvest Argentine farmers come into their own as the world's breadbasket. JULY 1998 Slow Going Thirty-four presidents meet in Santiago, Chile, pledging free trade by 2005. AUGUST 1998 Pay off Latin American infrastructure investments drive tourism to record highs. SEPTEMBER 1998 Big Seller Pfizer launches Viagra in Brazil. Pharmacies sell 80% of stock in first day. OCTOBER 1998 PC Boomlet Consumer computers break the $1,000 barrier in Brazil, sparking buying. NOVEMBER 1998 Clueless clue·less adj. Lacking understanding or knowledge. clueless Adjective Slang helpless or stupid Adj. 1. "I have asked some friends of mine, and no one knows anything."--Former Chilean dictator Augusto Pinochet on Chile's "disappeared." El Commandante Calling Hugo Chavez takes office in Venezuela, calling for massive public reforms just as oil prices hit record lows. DECEMBER 1998 Hedge Your Bets Asian contagion Contagion The likelihood of significant economic changes in one country spreading to other countries. This can refer to either economic booms or economic crises. Notes: An infamous example is the "Asian Contagion" that occurred in 1997 and started in Thailand. sets in. Devaluations put companies in a tailspin tail·spin n. 1. The rapid descent of an aircraft in a steep, spiral spin. 2. Informal A loss of emotional control sometimes resulting in emotional collapse. . JANUARY 1999 Shape Up Nafta turns 5 years old. Mexican corporations hit their stride as competitive, global companies. FEBRUARY 1999 Cash Crunch Interest rates squeeze Latin America Inc. APRIL 1999 Come Again? "The markets are wrong." --Argentina's Domingo Cavallo, explaining why the peso should remain pegged to the dollar. By 2001, he was trying on the euro. MAY 1999 Most Wanted Leftist left·ism also Left·ism n. 1. The ideology of the political left. 2. Belief in or support of the tenets of the political left. left dissident Ricardo Lagos is on the cusp of winning the presidency in Chile. He does--by a hair. JUNE 1999 E-commerce Takes Off The first of a thousand start-ups are chronicled in LATIN TRADE. You already know how this story ends... JULY 1999 All For One Central America integrates economies to fend off deep-pocketed invaders. AUGUST 1999 Power Play Mexico Inc. steals away U.S. industry at an unprecedented clip. Nafta is the reason. SEPTEMBER 1999 Capital Fight Brazil's banks top our list of Latin America's 100 largest financial institutions. OCTOBER 1999 Ouch! Latin America's GDP GDP (guanosine diphosphate): see guanine. dips into negative territory for the first time in the decade. NOVEMBER 1999 Disappearing Act Latin America's middle class is in a squeeze. DECEMBER 1999 Let Me Out Young Colombian professionals flee their country seeking jobs and peace. JANUARY 2000 Remember Asarco! Mexican copper producer Grupo Mexico takes over U.S. rival Asarco. FEBRUARY 2000 Speed Demon Jugos del Valle CEO Roberto Albarran races the juice maker to the top of the Hot Growth Companies. MARCH 2000 Digital Mass Latin American executives rush to Internet companies for wealth, independence and a chance to change the world. They went zero for three. APRIL 2000 Mighty Young CEOs Technology fuels a generation of in-charge entrepreneurs under 40. MAY 2000 Against the Odds "If they are lucky, five out of 100 businesses survive."--Robert Davis, former CEO of Lycos, now Terra Lycos JUNE 2000 Tico Las Vegas Online betting sizzles in Costa Rica. JULY 2000 Top 100 Companies Our annual ranking becomes the first to include consensus forecasts for sales. Prediction: Brazilian companies would make a major comeback. They did. AUGUST 2000 Communist Caddies Fidel Castro tees off on capitalism's favorite pastime, banking on golf to bring an onslaught of tourist dollars to Cuba. It doesn't. SEPTEMBER 2000 A Virgin Forest Market? Investors hedge against global warming with tree options. LATIN TRADE launches quarterly Mexico edition. OCTOBER 2000 Box Populi Buenos Aires port steals the top container spot from Brazil's Santos. It promptly lost the cargo crown to Panama. NOVEMBER 2000 Requiem for a Free Seat Is the death bell tolling for frequent flier programs? Airlines say no but keep reducing available seats. DECEMBER 2000 The End of the World A NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. photo captures the thin spot in the ozone layer--and it doesn't look good for southern Chile and Argentina. FEBRUARY 2001 Transition Team Interim Peruvian President Valentin Paniagua tries to restore calm following The Magic Kingdom An independent analysis conducted by The Miami Herald and USA Today showed Bush would probably have won a recount in the U.S. elections. Alberto Fujimori's flight. MARCH 2001 Super CEOs Latin Americans take charge at multinationals. APRIL 2001 The Reign of Spain Spanish companies lay siege to Brazil and Mexico. MAY 2001 Who's in Charge? President Vicente Fox takes on Mexico's Congress--as the tax reform battle continues. JUNE 2001 Building E-business Major brick-and-mortar companies stack up huge savings with the Internet. JULY 2001 Happy 100th B-day! LATIN TRADE enters second century of issues. [Graph omitted] |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion