Murphy Quoted on Latin America

Foley Of Counsel John Murphy was quoted in an article that appeared in the December 2011 issue of Global Finance Magazine. In the article titled "Preparing for the Worst," Murphy discusses the economic future of Latin America as the region prepares to face a possible global downturn. He says that Latin America will continue to benefit from high prices for commodities and raw materials but will be challenged to develop safeguards with these gains that will cushion the region’s economy from potential downturns in prices. Predicting an expansion of Chinese manufacturing within Latin America, Murphy adds that Latin America needs to view China as a partner on the ground as well as a buyer of raw materials.