In mid-2020, at the height of the first wave of COVID-19 infections, the IDB argued that the pandemic had particularly devastating economic effects on Latin America and the Caribbean because it had slammed the brakes on three flows that are fundamental to development: finances, people, and goods. This is what economists call a triple … [Read more...] about Why Latin America should export its way out of the crisis
The COVID-19 crisis is challenging governments to step up their efforts to digitize public management. International trade is no exception. This is an opportunity to make a qualitative leap towards the modernization of foreign trade procedures through technologies such as blockchain. The need for … [Read more...] about Tracing products back to their origin: facilitating regional trade through blockchain
Trade is a major opportunity to improve the living conditions of thousands of women in Latin America There is no question that foreign trade is beneficial for Latin America and the Caribbean (LAC). It generates economic growth and employment and improves wages, as the IDB study Trading Promises for Results concludes. It also promotes innovation, productivity increases, … [Read more...] about The gender gap: trade Tetris in Latin America
Attracting foreign direct investment (FDI) for nearshoring will play a key role in Latin America and the Caribbean’s economic recovery and sustainable growth after the COVID-19 crisis. However, countries in the region need to design targeted investment attraction strategies if they are to attract production activities currently based in other areas … [Read more...] about Foreign Direct Investment in Latin America and the new global outlook
There is a strong consensus that cross-border e-commerce has been growing at a fast pace. Available data suggests that the pandemic could have even accelerated this trend. For instance, according to its most recent financial report, Amazon’s international net sales increased by 28.3% between the first semester of 2020 and the same period of 2019. However, this evidence is, … [Read more...] about What Happened to Cross-Border E-Commerce Under the Pandemic?