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
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?
Lizeth Correa and her husband Jaime Ríos began exporting bananas and lemons from Colombia 14 years ago. Today, they sell over 150 products from at least six countries in Latin America and the Caribbean, including apples, onions, blackberries, and avocados. We are featuring their story in El Hub, the new podcast by ConnectAmericas for exporting small and medium-sized enterprises … [Read more...] about El Hub, a new podcast for exporting SMEs
One of the problems associated with pandemics, like COVID-19, is that as individuals rush to hospitals, the national health care system can get overloaded beyond its capacity to treat people. A potential way to reduce the strain on the system is through telemedicine, the delivery of health care services from one site to another via electronic communications, often through a … [Read more...] about Pandemics: the time has come for Latin America to export telemedicine services
The IDB recently published, in partnership with the Export–Import Bank of India (Exim Bank), a study on trade opportunities between Latin America and the Caribbean (LAC) and India. The report yielded results that are highly promising for countries and companies in both subcontinents. Bilateral trade between the two regions has increased twenty-fold in as many years, going … [Read more...] about Six Ways to Boost Trade between Latin America and India