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
Search Results for: single windows
Increasing the Involvement of Latin American Companies in Global Value Chains
The fragmentation of production processes is an enormous opportunity for countries and companies wishing to put themselves on the global manufacturing and export map What might a vehicle part, a jacket with motion sensors for gaming, a quinoa harvest, or software for managing dairy cattle have in common? All these goods and services are “Made in the Americas,” a marketing … [Read more...] about Increasing the Involvement of Latin American Companies in Global Value Chains
Exports, the Productivity Engine the Andean Region Needs
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
Six Ways to Boost Trade between Latin America and India
The IDB recently published, in partnership with the Export–Import Bank of India (Exim Bank), a study on trade opportunities between Latin America and the Caribbean (LAC) and India. The report yielded results that are highly promising for countries and companies in both subcontinents. Bilateral trade between the two regions has increased twenty-fold in as many years, going … [Read more...] about Six Ways to Boost Trade between Latin America and India
Blockchain technology: a new opportunity for international trade
The countries of Latin America and the Caribbean (LAC) have an incredible opportunity within their reach. By leveraging blockchain technology, they could increase trade within the region and with the rest of the world and help shore up the economic recovery. To help more countries and users understand blockchain better, the IDB’s Integration and Trade Sector and its … [Read more...] about Blockchain technology: a new opportunity for international trade