Blockchain can be used in small ways to have big impacts. Our work with four customs agencies is an example. First, some background on this technology before getting into the details. Blockchain can help us trust the information we are given. Knowing that the data is true and hasn’t been tampered with is a big deal in everything from food labels to financial … [Read more...] about How blockchain can make trade safer
India: giant trade possibilities
No one thinking seriously about Latin America and the Caribbean’s (LAC) engagement with the global economy can deny the importance of trade, investment, and cooperation with Asia. But why is India often overlooked? The possibilities for deeper ties are immense, as detailed in the study LatIndia: the Future of Cooperation between India and Latin America. India is a 1.3 … [Read more...] about India: giant trade possibilities
The Gulf: A Big Opportunity for Trade
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