'The assigned reading is based on a review of Latin America\r'

'The delegate reading is based on a brush up of Latin America’s Banking frame and how it has been competent to grow over the period of time ascribable to policies which have radically changed the competitive ornament for the banks in the field.The author has argued that the due to decrease in pursual rates, increased maturities of long term liabilities as intimately as prudent fiscal and monetary policies, the banking system of Latin America has greatly benefited and is contributing to the boilers suit increment of the Region.The bind cites the example of Chile as a model for change in the region through adopting more(prenominal) robust and flexible economic policies. The article similarly discusses some of the implications for the local banks in the region also as more and more international banks are making entry into the market. This phenomenon is non only making competition tougher but also forcing local banks to be the target of the forced takeovers.Three Questions What the article however failed to account for is the fact the Brazil is the near progressing country in the region however; its banking empyrean is still under the Government control and is for the most part protected[1] and have shown considerable growth therefore the assumptions of the writer that the Latin America’s banking sector has shown growth because of less government intervention may non be acceptable? (South American Business randomness , 2001).Further, the strategic choices offered to the local banks can only be achieved in long term therefore sequestrate themselves in short run, such local banks may need government protection to further provide them to grow in size therefore the strategic objectives offered by the writer may not be wholly practical? The article has further discussed the fortuity of cross-border transfer of best practices due to similarities in agriculture however it failed to ignore the political and regulatory landscape of t he region?Bibliography 1.      South American Business data . (2001). Brazil: Banking sector has good performance. Retrieved Feb 18, 2009, from www.allbusiness.com: http://www.allbusiness.com/banking-finance/banking-finance-overview/9709591-1.html[1] Brazil’s banking sector has witnessed consolidation which was largely local in nature as local banks merged with individually other.\r\n'