Investing in Latin America isn’t for wimps. Last year was something of an annus horribilis for dealmakers, with deal volume dropping to its lowest point in four years. Inflation crept back up in a few locales, and ominously, China’s growth slowed, curbing its appetite for raw materials and products from Latin American companies.
That was then. In the first several months of 2014, deals have surged again. And the outlook for the entire region has brightened a bit. The International Monetary Fund sees growth across Latin America of 3 percent this year (up from 2.6 percent in 2013), with particular strength in Mexico. As Susan Beck, a senior writer for The American Lawyer, notes in this issue, government economic reforms and potential competition in the energy sector are helping recharge the Mexican market.
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