The economic crisis, the second economic shock to hit the Eastern Europe and the South Caucasus region after the collapse of the Soviet Union, has been a warning and a call to action. The region has many advantages and much potential, but some of this was squandered during the boom years of the...

For the first time in its history, Latin America can benefit from not one but three major engines of world growth. Until the 1980s, the United States was the region's major trade partner. In the 1990s, a second growth engine emerged with the European investment boom in Latin America. Now, at the...