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
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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
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
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
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