In recent decades, the relationship between Korea and Latin America and the Caribbean (LAC) has flourished amidst a period of unprecedented international economic cooperation. However, the recent proliferation of trade barriers and subsidies poses new challenges. What does this mean for Korea-LAC relations? A recent report by the IDB argues that despite these challenges, … [Read more...] about Navigating an Evolving Global Economy: The Future of Korea-LAC Relations
Regional Integration
Toward greater regulatory cooperation for trade
As tariffs continue to decrease worldwide, technical measures like sanitary and phytosanitary measures (SPS) and technical barriers to trade (TBT) have become relatively more important as potential obstacles to international trade. The literature has focused particularly on the potential obstacles arising from differences in national regulations, a situation known as … [Read more...] about Toward greater regulatory cooperation for trade
Latin America’s Role in Global Food Security: Trade, investment, and sustainable transformations
In a world where the bounty of food surpasses the caloric needs of its population, it is paradoxical that hunger and food insecurity persist on a grand scale. Global food provision offers approximately 2.980 kcal per person per day—well above the 1.830 kcal needed to avoid undernourishment. Yet around 735 million people or 9.2% of world population, still face … [Read more...] about Latin America’s Role in Global Food Security: Trade, investment, and sustainable transformations
The Potential of Intraregional Trade for Improving Food Security in Latin America and the Caribbean
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
Sustainable Supply Chains in the Andean Region: Opportunities and Challenges
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