In Andres Oppenheimer's recent blog in the Miami Herald, he ponders what the rise of tourism to Miami means.
Tourism from Brazil alone increased by 15 percent this year, he writes, and Argentina and Colombia have also sent about 10 percent more tourists to the city.
"Brazilians are coming on weekend shopping sprees," Oppenheimer said.
He wonders if the increase will eventually mean a bubble burst for Latin America unless the countries diversify exports and create newer products to sell abroad.
Investing in "innovation and education" instead would also be a better option, he said.
"If most countries in the region added a big push for innovation, science, technology and education to their generally sound economic policies, we would all breathe more easily," he wrote.
Read more here.
Source: Miami Herald
Photo: miami-beach-travel-guide.com
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