The Americas | Boom or bust?

What does China’s reopening mean for Latin America?

The country’s post-covid rebound will be a boon for some countries, but not for all

Employees working at cargo ship Kypros Land which is loading soybeans to China at Tiplam terminal in Santos, Brazil, Merch 13, 2017.  Picture taken March 13, 2017.  REUTERS/Paulo Whitaker - RC149B91CC30
Image: Reuters
|Buenos Aires

For centuries Latin America’s economies have been characterised by short booms and sudden busts, often on the back of commodity cycles. When silver was discovered in the highlands of Bolivia in 1545, the village of Potosí briefly became one of the most densely inhabited places on Earth as it provided more than two-thirds of the world’s supply. A century later, with the mines depleted, it was a ghost town.

This article appeared in the The Americas section of the print edition under the headline “Boom or bust?”

From the January 21st 2023 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from The Americas

Police guard a school serving as a shelter for people displaced by violence in the Catatumbo region

Armed groups are terrorising Colombia’s border with Venezuela

The government has declared a “state of internal commotion” in response to the worst humanitarian crisis in decades

wind turbines operate in Serra da Babilonia in Morro do Chapeu, Bahia state, Brazil.

Brazil’s ragged finances are holding back its green ambitions

The transformation of its largest private port has lessons for the country’s aspirations


Deportation flights have begun.

Donald Trump turns an angry gaze south

Relations with Central America are likely to worsen


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