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Dying to defend the planet: why Latin America
is the deadliest place for environmentalists
February 11, 2017
Defending nature is a dangerous occupation, especially in Latin America. According to a recent report by Global Witness, an NGO, 185 environmental activists were murdered worldwide in 2015, an increase of 59% from the year before. More than half the killings were in Latin America. In Brazil 50 green campaigners died in 2015. Honduras is especially dangerous: 123 activists have died there since 2010, the highest number of any country relative to its population. Berta Cáceres, an indigenous leader who was a prominent campaigner against dams and plantations, was murdered there.
Why is Latin America so deadly? One reason is its abundant natural resources, which attract enterprises of all sorts, from multinationals to mafias. When prices are low, as they are now, the most rapacious do not go away; to maintain their profits they become more aggressive, says David Kaimowitz of the Ford Foundation, which gives money to good causes. New technologies open up new battlefronts. Soya beans bred to grow in tropical conditions have encouraged farmers to displace cattle ranchers, who in turn have advanced into the rainforest. Small prospectors can now extract gold from soil rather than just hunting around. That opens up new areas for exploitation, such as San Rafael de Flores in south-eastern Guatemala, where activists have been murdered.
The odds of finding the criminals are greater if the victim is foreign. Dorothy Stang, an American nun who fought to protect the Amazon rainforest, was killed in Brazil 12 years ago. Both the gunman and a rancher who had hired him eventually went to jail. But that is an exception.
(https://www.economist.com/the-americas/2017/02/11/
why-latin-america-is-the-deadliest-place-for-environmentalists. Adaptado)
TEXTO
The Future Of Work: 5 Important Ways Jobs
Will Change In The 4th Industrial Revolution
Fonte:
https://www.forbes.com/2019/07/15
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Patience is needed for Brazil to come good again
Michael Hasenstab
Dr. Michael Hasenstab is executive
vice-president, portfolio manager
and chief investment officer of
Templeton Global Macro
The Olympic Games in Rio drew global interest to Brazil, but the country and the rest of South America has been in sharp focus for investors all year. They have flocked to the region as part of a broader migration into emerging market debt, following record low valuations and the hunt for yield in a low interest rate environment. While investors have been presented with a rarely seen buying opportunity in emerging markets like South America, it is a mistake to regard these countries as a homogenous group.
That leaves the challenge of working out which are the most attractive opportunities – some of our best known investments were not obvious choices.
We have devised a formula to help us evaluate the fundamental strength of different emerging market countries. It scores a country’s current and projected strength on five factors: how well it has learnt the lessons from past crises; the quality of its policy mix; the structural reform being undertaken to boost productivity; the level of domestic demand; and its ability to resist external shocks. The aim is to pick nations that are fundamentally strong but, for one reason or another, are out of favour with investors. It can take time for the market to catch up to reality. But if you are a long-term investor – and we are certainly in that camp – you have the luxury of being able to wait.
Brazil, for example, is known as a vulnerable market due to the commodities downturn, the ongoing corruption crisis and ensuing political turmoil, but our work suggests to us that it is poised for a potentially significant rebound in the long term. Its current score is low, but its projected future score tells a different story.
We believe the country has learnt the lessons from the most recent crisis, which brought home the importance of having a sustainable fiscal policy. It has already adopted a flexible exchange rate, has strong foreign exchange reserves and has limited short-term debt. This is also reflected in the country’s improving resilience to external shocks, with a reliance on commodities, at 60 per cent of exports, being the largest remaining negative.
It is perhaps no surprise, given Brazil’s deep recession and political instability, that there is much work required in terms of improving policy mix, making structural reforms and boosting domestic demand. However, there are signs things are being turned around, with monetary policy already being tightened aggressively to bring inflation expectations back under control, and the previously excessive levels of governmentsubsidised lending being cut. Once political stability returns, the government will be empowered to do even more.
Work on structural reform should accelerate too, as Brazil’s middle class has made it clear it wants greater transparency and an economic policy framework that can both boost living standards and improve the environment for businesses.
(www.ft.com. 01.09.2016. Adaptado)
TEXTO 01