Small and Medium Enterprises (SMEs) can substantially contribute to a country’s long-term export growth and diversification. And trade promotion organizations can play an important role in the process. We have found this after analyzing the export performance of developing countries by using transaction-level data of all Peruvian exports between … [Read more...] about The Role of Small and Medium-Size Firms in Countries’ Export Growth
Why Latin America should export its way out of the crisis
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
Tracing products back to their origin: facilitating regional trade through blockchain
The COVID-19 crisis is challenging governments to step up their efforts to digitize public management. International trade is no exception. This is an opportunity to make a qualitative leap towards the modernization of foreign trade procedures through technologies such as blockchain. The need for … [Read more...] about Tracing products back to their origin: facilitating regional trade through blockchain
The gender gap: trade Tetris in Latin America
Trade is a major opportunity to improve the living conditions of thousands of women in Latin America There is no question that foreign trade is beneficial for Latin America and the Caribbean (LAC). It generates economic growth and employment and improves wages, as the IDB study Trading Promises for Results concludes. It also promotes innovation, productivity increases, … [Read more...] about The gender gap: trade Tetris in Latin America
Foreign Direct Investment in Latin America and the new global outlook
Attracting foreign direct investment (FDI) for nearshoring will play a key role in Latin America and the Caribbean’s economic recovery and sustainable growth after the COVID-19 crisis. However, countries in the region need to design targeted investment attraction strategies if they are to attract production activities currently based in other areas … [Read more...] about Foreign Direct Investment in Latin America and the new global outlook