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The Hummingbird Vol. 9 No. 11
Towards a new industrial policy: The United States economic policy agenda post-COVID-19
This document examines the United States economic policy agenda proposed by President Joe Biden following his inauguration in January 2021, the discussions in the United States Congress since then, and the resulting legislations that have been signed into law. It also details government efforts to address supply chain bottlenecks and legislative efforts to pass a unified bill on increasing innovation and strengthening competitiveness. Four major legislations –the American Rescue Plan Act, the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act– we…
Towards transformation of the development model in Latin America and the Caribbean: production, inclusion and sustainability. Summary
In a regional and international context of weak growth, high inflation and growing inequality, the countries of Latin America and the Caribbean must focus policies on reactivating, rebuilding and transforming economic and production systems to advance towards low-carbon and high-tech economies that address climate change and reduce their historical gaps, structural heterogeneity and dualism. This document considers the complex conditions that pose significant challenges to accelerating growth, tackling high inflation and the cost-of-living crisis, maintaining transfers to the most vulnerable h…
Towards transformation of the development model in Latin America and the Caribbean: production, inclusion and sustainability
In a regional and international context of weak growth, high inflation and growing inequality, the countries of Latin America and the Caribbean must focus policies on reactivating, rebuilding and transforming economic and production systems to advance towards low-carbon and high-tech economies that address climate change and reduce their historical gaps, structural heterogeneity and dualism. This document considers the complex conditions that pose significant challenges to accelerating growth, tackling high inflation and the cost-of-living crisis, maintaining transfers to the most vulnerable h…
CEPAL Review No. 137
Post-COVID-19 Economic Aspects of Digital Transformation
End of assignment report Alicia Bárcena 2008–2022
This document contains a report on the term in office of Alicia Bárcena as Executive Secretary of ECLAC (2008–2022), by area of work of the Commission.…
CEPAL Review No. 136
Innovation for development: The key to a transformative recovery in Latin America and the Caribbean
Science, innovation, knowledge and digital technologies have played a fundamental role in the growth potential, social inclusion and environmental sustainability of countries in recent decades, and have become even more important in the context of the crisis caused by the coronavirus disease (COVID-19) pandemic. While Latin American and Caribbean countries have adopted various measures —many of them based on access to technology— to tackle the effects of the pandemic, the region’s structural challenges have become more pronounced, and the need for more comprehensive, complex, participatory and…
Corporate governance in Latin America and the Caribbean: Using ESG debt instruments to finance sustainable investment projects
The aim of this report is to study, from the governance perspective, the growing use of environmental, social and governance (ESG) bonds, and in particular sustainability-linked bonds (SLBs), by Latin American and Caribbean corporate issuers in international markets. Focusing on corporate sector sustainability performance, the report examines the potential of these instruments as a source of financing for investment projects and their role in strengthening companies’ governance structures. It also analyses how these instruments can contribute to sustainable recovery in the region, taking into…
The era of platforms and the development of data marketplaces in a free competition environment
The data economy has presented challenges that go far beyond the scope of traditional regulatory frameworks and competition policies. The role of data, digitalization and the dynamic those factors have imposed on the economy have created significant challenges that the regulatory authorities must confront. At the heart of the debate is the impact of digitally-enabled business models and the digital platforms themselves. In this context, many enterprises, particularly small ones, are facing unfair competition from digitally native companies. The digitalization of the economy, the digitally-enab…
A review of the status of institutional mechanisms for sustainable development planning in the Caribbean
The 2030 Agenda underscores the importance of a strengthened institutional framework at the national and regional levels that integrates the three dimensions of sustainable development. This study provides an overview of integrated decision-making processes in Caribbean countries and the role that national institutions play in supporting systematizing integrated decision-making for sustainable development, including in the implementation of the Sustainable Development Goals (SDGs), with focus on eight Caribbean Small Island Developing States (SIDS): Antigua and Barbuda, the British Virgin Isl…
State of cybersecurity in logistics in Latin America and the Caribbean
The dizzying changes that have been brought about by technologies of the fourth industrial revolution in the transition to logistics 4.0 will have an impact on countries, businesses, industries and society as a whole. The COVID-19 pandemic has reduced production, exports and imports in Latin America and the Caribbean. At the same time, it has become a catalyst for digitization, accelerating the transition process and making it possible for operations to continue during lockdowns and enabling them gradually to recover, while also reducing interaction among people. In order to maintain their ope…
Essential elements of the ECLAC Caribbean Resilience Fund : a segregated portfolio trust fund. Policy Brief
Declining economic growth and competitiveness, the impact of the 2007–2009 global financial crisis, and the challenge of climate change and extreme weather events have hindered the sustainable development of Caribbean economies, the generation of sustained welfare gains and the achievement of key Sustainable Development Goals (SDGs). Moreover, the COVID-19 pandemic has exacerbated the subregion’s vulnerability to the vagaries of global aggregate demand and commodity prices, which have largely driven the subregion’s debt upwards and dampened economic growth before its onset, compromising its ec…
Conceptualizing a circular economy in the Caribbean: perspectives and possibilities. Policy Brief
Although the notion of a circular economy (CE) has been conceived and debated for more than half a century (Henrysson and Nuur, 2021), it has gained considerable popularity in the lexicon of economists, ecologists and other development thinkers over the past two decades. The increasing evidence of the existential threat of human-induced climate change and the related imperatives of decarbonizing the global economy, have led to greater focus on strategies for a more sustainable use of the natural and environmental resource base.…