If Latin America has a commercial capital, it is Miami
Despite not being in Latin America, it offers cash, connections and creativity to the region
FOR JOAN DIDION, an American essayist, Miami in the 1980s was “not exactly an American city…but a tropical capital: long on rumour, short on memory, overbuilt on the chimera of runaway money”. Nearly 40 years later, the place that Didion described is still more of a tropical capital of Latin America than a typical city in the United States. But the money which is flowing into it is no chimera.
This article appeared in the The Americas section of the print edition under the headline “Hub for a hemisphere”
From the May 7th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from The Americas
Can Brazil’s left survive without Luiz Inácio Lula da Silva?
Brazil’s current president, a titan of the Latin American left, has no apparent heirs
Donald Trump is targeting Mexico like no other country
The United States’ southern neighbour is bracing for a wave of deportees and trapped migrants
The race to lead Canada’s Liberal Party hinges on handling Trump
Mark Carney and Chrystia Freeland are the front-runners
Canada has adopted assisted dying faster than anywhere on Earth
The province of Quebec now allows those with deteriorating illnesses to request an assisted death in advance
Tether’s move to El Salvador is a win for President Nayib Bukele
Why the stablecoin firm has picked the Central American country for its headquarters
From Greenland to Panama and Mexico, leaders are in shock
As Donald Trump eyes fine new pieces of real estate in the Americas and beyond