Andrés Velasco

ANDRÉS VELASCO, A FORMER PRESIDENTIAL CANDIDATE AND FINANCE MINISTER OF CHILE, IS DEAN OF THE SCHOOL OF PUBLIC POLICY AT THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE.

 Universities and their graduates are increasingly disliked by broad swaths of the US electorate. Beating up pointy-headed academics makes for excellent politics, even if it is terrible policy.
PERSPECTIVE

Tackling America’s diploma divide

What’s really driving the Trump administration’s war against elite universities

Trump might think the tariffs will bring manufacturing jobs back to the US and make the American economy great again. This was always a half-baked notion, at best.

There is no method to Trump’s tariff madness

The president’s behaviour exposes the truth behind his tariff fusillade: it is not about the US economy, but about his desire to exercise unilateral power around the world

The writer and his family were welcomed with open arms when they arrived in the US almost 50 years ago. Where is that America today, he laments.
THE BROAD VIEW

Where have all the flowers gone?

The writer reflects on how the country that took him in as a teenage refugee from Augusto Pinochet’s Chile has changed

The greater use of Brics members’ currencies would work only if trade between any two countries were always balanced.

The futile search for a US dollar rival

The Kazan summit’s communique calls for greater use of Brics members’ currencies in trade among themselves, but the writer sees no progress on the part of the group to challenge America

Supporters of Argentine economy minister and presidential candidate Sergio Massa after he conceded defeat on Nov 19.

We are all Argentines

Why voters support misguided economic policies even after they have failed repeatedly

The Bemol Solar plant outside Manaus in Brazil. Latin America could be a clean energy powerhouse as it  is sunny, windy, and (in parts) endowed with abundant water, and therefore very competitive in solar, wind, and hydro power.
THE BROAD VIEW

Latin America’s splendid isolation

Eighty years ago, Latin America, far removed from turmoil elsewhere, missed the opportunity to reshape its economies and societies, with the growth of the 1940s giving way to financial and economic cr...

Lula has enjoyed much international goodwill since returning to the presidency, but only because his predecessor was so thuggish and anti-democratic.

Lula’s dance with dictators

WHEN a right-wing politician with authoritarian leanings – think Donald Trump – courts a genocidal dictator like Vladimir Putin, we recoil in distaste but are not surprised. But when a former human ri...

Given that flexible exchange rates are no panacea, and that some version of original sin persists, EM authorities need to take additional steps to maintain domestic financial stability.

Flexible exchange rates and emerging markets 

Has floating their currencies insulated countries from external shocks? Not entirely.

Chilean president Gabriel Boric arriving at the South American Presidents' Summit at the Itamaraty Palace in Brasilia, Brazil, May 30, 2023.

How the far left paves the way for the far right

IN MAY 2021, Chileans elected a constitutional convention where the far left reigned supreme and the right had fewer than the one-third of the seats required to block controversial provisions. That co...

The green transition is correctly being billed as a growth and jobs story. But if it entails a massive real appreciation, it can also destroy jobs.
THE BROAD VIEW

The green transfer problem

The US$100 billion per year that rich countries promised back in 2009 to provide to finance developing countries’ green transitions is yet to materialise. There’s also the matter of how to ensure that...