The coronavirus pandemic has the potential to wreak havoc on Latin America and the Caribbean’s (LAC) trade and the integration, making it vital for governments to take appropriate measures to reduce its impact on the economy and life of its citizens. Over the last 100 years, there have been seven global pandemics (Spanish flu, Asian flu, Hong Kong flu, H1N1, SARS, MERS, and … [Read more...] about The impact of coronavirus trade and integration: what to do?
Global Value Chains
Buddha, the prince who became a beggar, said that the only constant thing in life is change. Today, over 2,500 years after Buddha’s time on earth, the speed at which change is happening has never been faster. Trade in Latin America and the Caribbean is being transformed not just by the digital revolution but also by the growing risks associated with a synchronized cooling of … [Read more...] about The state of e-commerce in Latin America
A recent IDB report found that while trade liberalization resulted in increased firm and labor productivity in Latin America and the Caribbean over the last 30 years, boosting economic growth, it did not create as many new jobs or reduce inequality as expected. Liberalization in the 1980s and 1990s resulted in moderate negative impacts on labor markets. For example, a 2004 … [Read more...] about How Trade and Training Can Boost Employment in Latin America
Over 30 years ago, the countries of Latin America and the Caribbean embarked on a large-scale experiment to reintegrate into the global economy. After years of stagnation, international trade became the best bet for growth, creating jobs and closing the inequality gap. But in the heat of the political debate, many of the expectations went beyond what the evidence and solid … [Read more...] about After 30 years of trade liberalization, now what?
When Esteban Torres and Enrique Santacruz started Fiweex in Asunción, Paraguay, in 2015, they knew that at some point they would have to offer their services in other countries if they wanted the company to grow and be profitable. That’s exactly what happened. The startup, which enables consumers to connect to WiFi in shops, hotels, and restaurants without the need of a … [Read more...] about Born global companies take center stage