Just when we were beginning to digest the news that Nicaragua had signed a contract with a Chinese company to build a $40 billion inter-oceanic canal that would compete with a soon-to-be expanded Panama Canal, Guatemala announced this week that it’s jumping into the fray and will build a $12 billion inter-oceanic “dry corridor.”
Are the Nicaraguan and Guatemalan projects serious? And if they are, do they make sense?
Earlier this week, shortly after Nicaraguan President Daniel Ortega signed a controversial, 50-year concession that would allow Chinese business magnate Wang Jing to build an inter-oceanic waterway in
