The policy recommendations of the IDB’s 2016 Macro Report Time to Act include deepening regional trade integration, a long-sought but still largely elusive goal. A casual observer may wonder why that goal matters. Even though the Free Trade Area of the Americas process failed to produce an agreement, Latin America and the Caribbean have fared well until relatively recently and … [Read more...] about Trade and Regional Integration: What We Don’t Have To Worry About
Over the last two years, Latin America has experienced significant movements in nominal exchange rates. Between June 2014 and October 2015, most of the larger countries in the region —including Argentina, Brazil, Colombia, Chile, Peru and Uruguay — saw nominal depreciations of at least 15 percent. The Brazilian Real lost more than 42 percent of its value vis-à-vis the US … [Read more...] about Have Latin American Countries Become More Competitive?
It’s Time to Act for Latin America and the Caribbean. The region is facing negative growth this year, some countries are facing very difficult economic conditions and others are faced with low growth that will do little to improve living conditions. How did we get here? What does the future hold? The 2016 Latin American and Caribbean Macroeconomic Report argues urgent policy … [Read more...] about Time to Act: Macroeconomic Report 2016
By Paolo Giordano* According to the latest edition of the Trade and Integration Monitor of the IDB, exports from Latin America and the Caribbean fell at an annualized rate of 10.9% in the first six months of 2015 compared to the same period in 2014 - the biggest drop recorded since the trade collapse of 2009. The total for the year is therefore expected to stay in the red, … [Read more...] about Double-dip of Latin American Exports: a call for diversification
Trade and investments between Asia and Latin America have been booming in recent years. But the relationship can become much richer and deeper provided Latin American and Caribbean countries understand how Asian countries share similarities, as well as important differences. Korea provides a compelling example. A new IDB report released ahead of the Bank’s Annual Meeting in … [Read more...] about Latin America´s trade with Korea: moving beyond commodities