During the 1960s, the countries of Latin America and the Caribbean opted for an economic development strategy based on trade protection. At its core, import substitution sought to protect local industries from foreign competition. Although the region’s economies grew significantly, this growth laid the foundations for the 1980 debt crisis, which was compounded by a series of … [Read more...] about Trade Liberalization and Diversification, key for Central America
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Staying afloat? Opportunities in the Maritime Transport Sector in the Americas
In the first quarter of 2017, global trade experienced an uptick in the value of goods being traded. This rise, the first since 2014, is the result of higher commodity prices and slightly stronger demand from emerging economies. Prior to this – between the great recession and 2014 – global trade expanded robustly both in terms of value and volume. This volatility in global … [Read more...] about Staying afloat? Opportunities in the Maritime Transport Sector in the Americas
Trade policy, key to get out of quarantine and face COVID-19
Today, more than ever, countries in Latin America and the Caribbean (LAC) need to act together in their trade policy decisions to stock up the goods and supplies they need to address the health crisis caused by COVID-19 and exit the generalized quarantine. Epidemiological models in Europe and the United States, as well as recent experiences of countries that have moved to a … [Read more...] about Trade policy, key to get out of quarantine and face COVID-19
Cybersecurity: How to protect trade platforms
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
Four Core Features for a Smart Regionalism: MERCOSUR Futures
We are living through a technological revolution, so does it make sense to think about integration in Latin America the way we did 25 years ago? Back then, when the MERCOSUR was created, there was no e-commerce, no sharing economy, no Internet of Things, and no artificial intelligence. Big data for logistics was science fiction and no one had heard of additive manufacturing. … [Read more...] about Four Core Features for a Smart Regionalism: MERCOSUR Futures