Nations that misused oil wealth now find their mistakes being exposed with the plunge in petroleum prices. This is a blessing for other nations with newfound natural resources. The 'resource curse' could be avoided if they invest wisely.
The recent warming of US-Cuban relations and the fall in international oil prices raise the question of whether Venezuela can put national interests ahead of ideology.
Drug trafficking and extortion are expected to increase in Colombia as the government and FARC continue peace talks, and relationships between Guatemalan and Mexican drug gangs could strengthen.
Cuba had relied on Venezuela to prop up its economy. But with that support uncertain, the Castro brothers appear to have decided to come in from the cold.