Could sea, air and land ports in Latin America and the Caribbean become more efficient and take advantage of new technological tools to compete in global trade? The quick answer is a resounding yes. Only a handful of countries in LAC – Chile, Jamaica, Panama, and Brazil, for example – have, or are implementing, advanced, digitally-connected port systems, in contrast with … [Read more...] about What global ports did to become more efficient
In recent decades, productivity levels have been low in the Andean economies (Colombia, Venezuela, Ecuador, Peru, and Bolivia). One explanation for this is the limited development of the region’s export sector. International trade accounts for just over 20% of the region’s GDP, far less than Asia, Europe, the rest of Latin America and the Caribbean (LAC), and even … [Read more...] about Exports, the Productivity Engine the Andean Region Needs
If I told you that one of the video games your children play, one of the most acclaimed movies you've seen recently, and one of the most popular mobile digital apps in the world were created or co-created by Latin American and Caribbean (LAC) companies, would you believe it? Well, you better believe it because it is true. Globant, a software development company from … [Read more...] about How Latin American businesses can plug into the digital global economy
Every time we use our phones, tablets, or computers, we leave a "fingerprint" whose information can be manipulated by cybercriminals. We’re all at risk from cyberattacks, just like the rest of the two-thirds of the world's population that use mobile devices. Hackers are all around us. Ecuador reported 40 million online attacks following the arrest of WikiLeaks founder Julian … [Read more...] about Cybersecurity: How to protect trade platforms
You are an efficient producer and want to start exporting. You have the resources and an understanding of potential markets. You also have the installed capacity, the source suppliers and have identified buyers in other countries. However, what is more likely to hurt your competitiveness is moving your goods to the customers. Armies win wars by being better at the logistics … [Read more...] about Latin America struggles with trade logistics. Here’s what we can do.