Why Did Uruguay Land US$1 Billion Without Creating a Special Zone?

Comparison between Uruguay and Guatemala on foreign investment, legal certainty and equal rules for inComparison between Uruguay and Guatemala on foreign investment, legal certainty and equal rules for investors.

Eduardo Bastitta walks across a 515-hectare plot, roughly 737 manzanas (the traditional Guatemalan land measure), on the shore of the Río de la Plata, outside Colonia del Sacramento. Across the water, an hour away by boat, lies Buenos Aires. Bastitta is an Argentine businessman who founded Plaza Logística, a network of warehouse parks across the […]

Ferguson’s Law Arrives in Guatemala

Ferguson's Law in Guatemala: public debt interest now exceeds spending on health, security and infrastructure.

Guatemala’s 2027 budget reveals a critical fiscal milestone: interest payments on public debt now exceed spending on health, security and infrastructure. This essay applies Ferguson’s Law to examine what that means for the country’s future.

The American Republic: An Experiment Begun 250 Years Ago

Illustration representing the signing of the Declaration of Independence and the constitutional principles that shaped the United States into one of the world's most influential republics.

It is the night of July 4, 1776. In a printing shop on Market Street in Philadelphia, a young apprentice sets type letter by letter for a document that has just arrived from the Continental Congress. His employer, John Dunlap, has asked him to work through the night: the text must be printed before sunrise. […]

Less Free Than Athens

Illustration comparing the economic freedom of classical Athens with modern Guatemala's institutional challenges.

Lisandros was born in Phoenicia but has lived in the port of Athens for twenty years. He rents a workshop where he manufactures amphorae to export olive oil. He hires both free workers and slaves. He asked no one’s permission to open his business. No one demands monthly reports from him. If a trading partner breaks […]

The Sunday Colombia Chooses Its Future

Political illustration showing Colombia’s 2026 election as a choice between greater state intervention and economic growth.

Andrés Rodríguez is twenty-three years old and lives in El Poblado, Medellín. Four years ago, when he turned eighteen and was able to vote for the first time in his life, he confidently cast his ballot for Gustavo Petro. He did not do it on a whim. He did it because he believed in the […]