From the perspective of Latin America and Caribbean (LAC) trade, the first decade of the 21st century was all about Asia. Driven by China’s strong growth and soaring demand for natural resources, trade between LAC and Asia grew at an annual average rate of 24 percent between 2003 and 2011. However, this once-dynamic relationship has now encountered serious headwinds. Trade … [Read more...] about How trade, investment and cooperation between Japan and Latin America and the Caribbean can inspire our future trade relationship with Asia
The role of transportation and logistical infrastructure in global value chains* Basso is a motor valve manufacturer based in Rafaela, Argentina. The company is part of the international value chains of brands like Toyota, Ford, and Ferrari. To meet their commitments to just-on-time delivery, Basso coordinates product storage, transportation, and inventory down to the tiniest … [Read more...] about Global Value Chains: Logistics… It’s Only Logical
Daterra is a Brazilian coffee producer with a business model that includes a large-scale production with socio-environmental responsibility. Daterra took advantage of the arrival in Brazil of Illy caffè, an international reference in terms of quality, to partner in research, improve the quality of its grain and enter the international production chain of the Italian company. It … [Read more...] about How a Brazilian company conquered an international value chain
There’s an exception to every rule, and the old saying about “two economists, three opinions” doesn’t always turn out to be true. The Nobel Prize-winning economists Robert Solow, Edmund Phelps, and Alvin Roth agreed on the importance of regional integration for Latin America’s development, and all three believe innovation to be a key driver for trade. The three experts were … [Read more...] about What do three Nobel Prize winners think about Latin American integration?
When electricity was first popularized at the beginning of the 20th century, there was a huge wave of factories that replaced their steam engines with electrical engines in an effort to increase productivity and modernize operations. However, the initial productivity gains from the electrification were barely noticeable - a phenomenon known in the economics literature as the … [Read more...] about 7 lessons learned on business process reengineering and improvement