Much has been made of the UN's (or, more precisely, ECLAC's) prediction that Latin American economies will grow next year by 6 percent. But tucked toward the end of the press release is this little nugget:
According to Alicia Bárcena "The region's main challenge is to rebuild its capacity to implement countercyclical actions and to create the conditions for productive development not based solely on the export of commodities".
I find myself coming back to this quite a bit recently. These economic numbers are great, but when "based solely on the export of commodities" they should point toward desperate need for diversification rather than self-congratulation.