Heine Comments on State of Latin American Economy and Regional Challenges

Jorge Heine, Research Professor at Boston University’s Frederick S. Pardee School of Global Studies and Interim Director of the Frederick S. Pardee Center for the Study of the Longer-Range Future, joined a panel of experts on CGTN America‘s “The Heat” to discuss the global economy

Heine was joined on the program by Klisman Murati, founder of Pareto Economics; Anthony Chan, former Chief Economist for JP Morgan Chase; and Qu Qiang, Assistant Director of the International Monetary Institute in Beijing. Panelists addressed questions on the state of the global economy, drivers of economic growth in 2023, the prospect of a global recession, and much more.

In his remarks, Heine commented on the economic situation in Latin America and the challenges facing the region. As Heine notes, Latin America is struggling to recover from its worst economic crisis in 120 years due in large part to the COVID-19 pandemic, and while there are prospects for short-term growth, they are not very promising. However, China’s continued growth has a global ripple effect that could lead to growth in countries around the world; Heine notes that this is particularly true for Latin America since in 2021 China invested more in the region than it did in the United States.

The full program can be viewed below.

Ambassador Jorge Heine is a Research Professor at the Pardee School of Global Studies at Boston University. He has served as ambassador of Chile to China (2014-2017), to India (2003-2007), and to South Africa (1994-1999), and as a Cabinet Minister in the Chilean Government. Read more about Ambassador Heine on his Pardee School faculty profile.