The Andean region is at a turning point, trying to get back on the path to sustainable growth after the economic slowdown that began in 2014 and the recent crisis triggered by the COVID-19 pandemic. In addition to these challenges, the region must adapt to the digital transformation, global geopolitical tensions, and climate change. These circumstances underscore the importance … [Read more...] about Sustainable Supply Chains in the Andean Region: Opportunities and Challenges
The Integration of the Amazon Region: 14,000 km of Opportunities
The Amazon Summit (August 8 and 9) represents a remarkable historical moment by bringing together dignitaries from Amazonian countries, local communities and key stakeholders in the search for solutions to the multidimensional challenges of this vital region renowned for its biodiversity and critical role in global climate regulation. This meeting eloquently highlights the … [Read more...] about The Integration of the Amazon Region: 14,000 km of Opportunities
Blockchain technology: a new opportunity for international trade
The countries of Latin America and the Caribbean (LAC) have an incredible opportunity within their reach. By leveraging blockchain technology, they could increase trade within the region and with the rest of the world and help shore up the economic recovery. To help more countries and users understand blockchain better, the IDB’s Integration and Trade Sector and its … [Read more...] about Blockchain technology: a new opportunity for international trade
Foreign Direct Investment in Latin America and the new global outlook
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
The Digital Economy Partnership Agreement, a milestone in trade negotiations
The future of international trade negotiations is already here. It’s called the Digital Economy Partnership Agreement and was recently signed by three countries, including Chile. This landmark agreement seeks to establish global standards for the digital economy. It couldn’t have come at a better time, given how important digitization and Industry 4.0 will be in recovering from … [Read more...] about The Digital Economy Partnership Agreement, a milestone in trade negotiations