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Banking

Dec. 4, 2009

Dynamic Gains in Latin American Economies

Michael Fitzgerald of Milbank Tweed addresses the growth of Latin American economies and capital markets despite a worldwide credit crisis.

By Michael Fitzgerald

Economists used to quip that Latin American economies contracted pneumonia when the United States sneezed. No longer are they so glib, given the dynamic and unprecedented growth of Latin American economies and capital markets, particularly over the past five years, despite the recent worldwide credit crises.

The numbers, over time, are impressive. During the four-year period beginning in 2000, there were no initial public offerings (IPOs) in ...

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