The assigned reading is based on a review of Latin America

The assigned reading is found on a review of Latin the Statess Banking dodging and how it has been able to grow over the period of time due to policies which return radically changed the competitive landscape for the banks in the region.The generator has argued that the due to decline in interest rates, increased maturities of long term liabilities as wellspring as prudent fiscal and monetary policies, the banking system of Latin America has greatly benefited and is contributing to the overall growth of the Region.The article cites the example of chilli pepper as a model for change in the region by adopting more robust and flexible economic policies. The article also discusses any(prenominal) of the implications for the local banks in the region also as more and more international banks are qualification entry into the market. This phenomenon is not only making competition tougher but also forcing local banks to be the target of the pressure takeovers.Three Questions What the article besides failed to account for is the fact the Brazil is the most progressing region in the region however its banking sector is still under the regimen control and is largely protected1 and have shown considerable growth therefore the assumptions of the writer that the Latin Americas banking sector has shown growth because of less giving medication intervention may not be acceptable? (South American caper Information , 2001).Further, the strategic choices offered to the local banks can only be achieved in long term therefore insulate themselves in short run, much(prenominal) local banks may need government protection to advertise dispense with them to grow in size therefore the strategic objectives offered by the writer may not be wholly practical? The article has further discussed the possibility of cross-border transfer of best practices due to similarities in culture however it failed to ignore the political and regulatory landscape of the region?Bibliography 1. South American Business Information . (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.html1 Brazils banking sector has witnessed consolidation which was largely local in nature as local banks merged with each other.