When you think of the main export destinations for Latin America and the Caribbean (LAC), the first countries that come to mind are the United States and China. However, there is a big potential for products from LAC in other parts of the world, including the Gulf countries. True, the geographic and cultural distance between these nations and LAC is considerable, but the … [Read more...] about The Gulf: A Big Opportunity for Trade
Trade globalization and digitalization
To casual observers, the Inter-American Development Bank is known for its infrastructure loans or programs to reform government institutions. But the IDB also works actively to help countries in Latin America and the Caribbean (LAC) overcome international trade barriers by helping firms buy more from each other and sell more products in foreign markets. In today’s globalized … [Read more...] about Trade globalization and digitalization
Promoting E-Commerce in Latin America and the Caribbean
E-commerce is an opportunity to make the global trading system more inclusive. It allows micro-, small, and medium-sized enterprises (MSMEs) to access new markets and consumers, break through geographic barriers, and cut down on intermediaries and transaction costs. An increase in e-commerce in Latin America and the Caribbean would improve the region’s competitiveness by … [Read more...] about Promoting E-Commerce in Latin America and the Caribbean
Industry 4.0—Manufacturing the Future
Throughout the history of humanity, technological advances have driven different radical transformations in the material and social conditions of production. We are currently witnessing a new phase in the transformation of the global economy, the Fourth Industrial Revolution, which centers on the digitization of the manufacturing sector and is driven by surprising increases in … [Read more...] about Industry 4.0—Manufacturing the Future
From physical to virtual: digitizing the business experience
Over 3 million firms from 150 countries have visited ConnectAmericas.com. Some 200,000 of them from 50 different industries have signed up for the platform, where they can access sector-specific communities, business opportunities, training, and financial information. ConnectAmericas.com receives support from Google, DHL, SeaLand, Facebook and MasterCard. It was created by the … [Read more...] about From physical to virtual: digitizing the business experience