Antonio Garcia Martinez

Miami is the Singapore of Latin America

Via Antonio Garcia Martinez, Balaji frames Miami not as a beach party town but as the neutral business capital of Latin America: a Mexican and a Paraguayan will close a deal in Miami because it has good banking, US rule of law, and a more stable currency. It's a hub Americans underestimate.

“Miami is like the Singapore of Latin America, which is to say that if you've got a Mexican national and a guy from Paraguay and they want to do a deal, they'll do it in Miami because everybody knows it, they all respect it, it's like a decentralized demilitarized zone, it's got good banking, rule of law because based in the US”