The annual meeting of the IDB’s Board of Governors is the ideal time to reflect on the strategic challenges facing Latin America and the Caribbean (LAC) and the agenda for addressing them. President Ilan Goldfajn opened this year’s meeting by highlighting that LAC may be at a turning point: “There is a great opportunity for the region to become part of the solution to shared … [Read more...] about The Potential of Intraregional Trade for Improving Food Security in Latin America and the Caribbean
Digital acceleration: a unique opportunity for service exports from Latin America and the Caribbean
More than two years into the COVID-19 pandemic, digitization has clearly accelerated in many areas of the global economy. With technology at their fingertips, society, the productive system, and the state now have more ways than ever to take advantage of the opportunities of the internet age. The unprecedented advance of the online world has made hybrid jobs and flexible … [Read more...] about Digital acceleration: a unique opportunity for service exports from Latin America and the Caribbean
Why Latin America should export its way out of the crisis
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
COVID-19 takes a toll on Latin American exports
As described in the most recent update to the IDB’s Trade Trend Estimates for Latin America and the Caribbean, the economic crisis triggered by the COVID-19 pandemic is increasingly affecting trade as 2020 progresses. The region is headed for a record trade shock. Latin American exports contracted by 3.2% in the first quarter of 2020 as compared to the same period in 2019, … [Read more...] about COVID-19 takes a toll on Latin American exports
How can trade policy help avoid a food security crisis during COVID-19?
The COVID-19 pandemic is bringing back the ghost of a food security crisis, similar to the one that swept the world more than a decade ago. One concern is that protectionism magnifies the negative economic effects of the confinement measures implemented to rein in the coronavirus. Although these concerns seem overstated, the agriculture sector in Latin America and the Caribbean … [Read more...] about How can trade policy help avoid a food security crisis during COVID-19?