This month on WEEKEND EDITION, we've been taking a look at the so-called fiscal cliff from the perspective of other countries. After all, the government's automatic spending cuts and tax increases scheduled for January could have impacts throughout what's an increasingly linked global economy.
Tomorrow, my colleague Rachel Martin checks in with Hong Kong. Right now, we'll go to Latin America. We're joined now by Joseph Leahy. He's the Brazil bureau chief for the Financial Times. Joe, thanks very much for being with us.
Though Brazil's Amazon has been the focus of environmental groups for decades, the deforestation rate there has fallen dramatically in recent years as clear-cutting of Amazonian jungle in eight other countries has started to rise.
As a result, the 40 percent of Amazonia located in a moon-shaped arc of countries from Bolivia to Colombia to French Guiana faces a more serious threat than the jungle in Brazil. The culprits range from ranching to soybean farming, logging to infrastructure development projects.
Now that President Obama is in Cartagena, he'll begin the conversations about trade and business opportunities in Latin America. But the Summit of the Americas is not the first meeting this week for President Obama and Brazilian President Dilma Rousseff.
On Monday, Rousseff visited the White House. And after this weekend's summit, Secretary of State Hillary Clinton will head to that Brazil's capital, Brasilia.