Enrique Krauze, historian and director of the literary magazine Letras Libres, recently wrote about it in The New York Times:
There has been major progress in Latin America, compared with a long period of military coups, civil wars, soaring inflation and financial crashes.
Latin America of late has shown a maturity without precedent in its turbulent history. Our longtime tendency toward anarchy and dictatorship has veered into formal respect for electoral democracy. Equally encouraging has been our reaction to the worldwide financial crisis. We have certainly been damaged by it, but a number of our economies have responded solidly and effectively in a way that it as admirable as it was unexpected. Along the way, many of the governments concerned have learned key lessons: never ignore social problems so long that popular violence breaks out, and always attend to the poorest and most marginalized citizens.
Although slowing, Brazil has the sixth largest economy in the world, which has been growing for the last decade. The country was chosen to host this year's World Cup and the 2016 Summer Olympics.
On The Daily Circuit we talk about the future of Latin American countries.