What's shakin in Latin America?

Obama leaves for Mexico and prepares for regional summit test - MercoPress

United States President Barack Obama heads to Mexico Thursday and then continues on to Trinidad and Tobago for the fifth Summit of the Americas. Security concerns along the US-Mexico border are expected to top Mr. Obama’s discussions with Mexican President Felipe Calderon, while the summit provides an opportunity to reinvigorate the US hemispheric ties and forge a regional response to the global economic downturn, according to a Voice of America report.

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Peru's economy likely to have grown 3.1% in 1Q 2009 - Andina

Lima, Apr. 14 (ANDINA).- Peru's economy might have grown 3.1 percent in the first quarter, according to the Lider index estimates, which shows economic trends in the short term, stated today the Ministry of Economy and Finances (MEF).

Peruvian economy keeps growing despite global crisis. Photo: ANDINA/Archive

This estimate is lower than the 3.8 percent reported by the Ministry in last month's report.

Under the new estimates, the economy would have grown by 2.2 in February, lower than the three percent predicted previously, however the Ministry keeps its March estimate of 3.9 percent.

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Bilateral commission to study power sales to Chile - BNAmericas

Argentine and Paraguayan government officials have agreed to establish a bilateral commission to study the technical feasibility of selling power to Chile.

The commission will have 180 days to carry out the study, Paraguay's presidential website reported.

Paraguay would receive roughly US$140mn/y from the energy sales, according to Carlos Cardozo, the landlocked country's director of the EBY joint venture, which administers the Yacyretá hydroelectric dam on the Argentine-Paraguayan border.

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Supermercados chinos - Danwei, Nancy Lu (Chinese run supermarkets in Argentina)

At first glance, this book may seem uninteresting. After all, nobody reads manuals.

But upon closer inspection, you realize that this is a Chinese-Spanish language manual for running a supermarket. Open it and you find the distinctive Rioplatense Spanish of Argentina, with useful phrases such as “Gracias a vos: 谢谢你” (thank you) or “Yo tampoco tengo monedas: 我也没有硬币” (I don’t have coins either).

One finer detail of the book is that it is written in simplified Chinese, addressed to a mainland audience. Yet the name in traditional Chinese at the bottom of the cover indicates something about the author — he is Taiwanese.

The evolution of the Chinese-run supermarkets provides an interesting snapshot of the changing Chinese presence in Buenos Aires. While most Chinese-run supermarkets were originally opened by immigrants from Taiwan, there is a shift towards these businesses being sold to and run by mainland Chinese. This book is further evidence of that trend.

China, Mexico etablish strategic dialogue mechanism reports Xinhua News

BEIJING, July 11 (Xinhua) -- China and Mexico announced the establishment of a strategic dialogue mechanism on Friday during talks between Chinese President Hu Jintao and his Mexican counterpart Felipe Calderon Hinojosa.

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Chinese President Hu Jintao (R) shakes hands with Mexican President Felipe Calderon Hinojosa during the welcoming ceremony Hu hosts for him at the Great Hall of the People in Beijing, capital of China, July 11, 2008. (Xinhua Photo)
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During the talks, Hu put forward a four-point proposal to cement Sino-Mexican relations:

--Strengthening political dialogue, maintaining high-level contact, and realizing the action plan from 2006 to 2010 to promote strategic partnership;

--Boosting a win-win economic cooperation. The Chinese government encourages its enterprises to invest in Mexico's infrastructure including ports, roads, and hydroelectric stations, and supports cooperation on mining, telecommunication, agriculture and the fishing industry;

--Pushing personnel exchanges in the fields of culture, education, traditional medicine and social development;

--Promoting multilateral cooperation and consultation on major international affairs so as to safeguard the legal rights of developing countries..................

Click here to access the full article from Xinhua News

China, India, Brazil, South Africa and Mexico meet to discuss increasing "South-South cooperation," among developing countries

Chinese President Hu Jintao put froward four main areas in which developing countries could cooperate and coordinate to promote development of the "global south."

Hu Jintao stated China and the four other developing countries in which he met with have "vast potential for cooperation." He also stressed the "importance of strengthening solidarity and cooperation."

Chinese President Hu Jintao (2nd R) pose for photos with Indian Prime Minister Manmohan Singh (1st R), Mexican President Felipe Calderon (C), Brazilian President Luis Inacio Lula da Silva (2nd L) and South African President Thabo Mvuyelwa Mbeki before their meeting in Sapporo, northern Japan, July 8, 2008. (Xinhua Photo)


*** Click here to access the full story from Xinhua, China's state media

It is clear the influence of the "G-8" is quickly fading. Despite the economic and political influence in which the the world's richest nations still maintain in the world, developing nations have begun their ascent in the World Economy.

China, India, Brazil, Mexico and South Africa together are in their own respect the leaders of their own respective continents... at least in terms of size and economic might.

This recent development is only one example of how emerging markets are increasingly finding strength from one another markets and respective economic growth, as opposed to relying on demand and markets in the developed world.