Daniel Chavez Moran, now retired from the development of hotels and resorts, founded Grupo Vidanta in 1974 after graduating from The University of Guadalajara with a degree in Civil Engineering. He retired in 2005 to found the Vidanta Foundation, which actively promotes public policies that support economic growth, strengthening democracy, and the reduction of poverty, inequality and discrimination in Latin America.
Chavez Moran follows news of global economic development with special interest, including this recent article, “Latin America Buffered Against Global Shock, World Bank Says,” from Bloomberg news:
“Latin American countries such as Brazil, Colombia and Chile have created a buffer against a global recession after raising interest rates in the past 15 months, the World Bank said in a report today...Latin America and the Caribbean is forecast to grow between 3.5 percent and 4.5 percent this year, thanks to capital inflows and high commodity prices...the World Bank foresees emerging markets, including China, continuing to outgrow the developed world, with commodity prices remaining high...the emergence of China as a major trading partner for Latin America has been a driver of the region’s robust growth in the past decade, contrary to initial concerns that China ‘would outcompete and displace’ Latin America and the Caribbean... “
Related posts: Daniel Chavez Moran on Latin American currencies gain and Daniel Chavez Moran on the economic outlook for 2011.