They say that Korea achieved in three decades what it took the Western industrialized countries more than a century to do. But, how did it do that? … [Read more...] about What can the private sector in Latin America and the Caribbean learn from Korea’s economic miracle?
A new private sector In his recent annual letter to CEOs, Larry Fink, the founder and CEO of the investment firm BlackRock, called on companies to incorporate both profit and purpose into their business strategies. “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial … [Read more...] about Development Effectiveness: Adding Value beyond Financing
African palm oil accounts for the bulk of vegetable oil sales in the world, and it is estimated that demand for this oil will grow significantly in the near future. But how is palm oil used? Although many of us are unaware of all its potential uses in industry, we use palm oil daily in a great variety of products, such as processed foods (ice creams, cookies, spreads, etc.), … [Read more...] about Supporting sustainable palm oil in Latin America and the Caribbean
Increased productivity is considered the only sustainable model for improving living conditions over the long term: it reduces the use of resources and increases production, which is reflected in higher per capita gross domestic product (GDP) and is a necessary – although not always sufficient – condition for wage growth. Unfortunately, in Latin America and the Caribbean, … [Read more...] about How to support business productivity: three lessons learned in Brazil
Knowledge is increasingly seen as a key factor in promoting higher levels of productivity, competitiveness, and growth of firms. Despite this, innovation testing remains an untapped resource that can help boost private sector development in Latin America and the Caribbean. What is the best pricing scheme to maximize the demand for a product? Can technology increase the … [Read more...] about Can innovation testing help boost private sector development in Latin America and the Caribbean?