Lanzamiento Estudio Económico de América Latina y el Caribe 2021

ECLAC’s Executive Secretary Will Present the Economic Survey of Latin America and the Caribbean 2021

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, will present on Tuesday, August 31 the Economic Survey of Latin America and the Caribbean 2021: Labour dynamics and employment policies for sustainable and inclusive recovery beyond the COVID-19 crisis, one of the institution’s most important flagship annual reports, which takes stock of the region’s economies in the last year, especially regarding the impact of the COVID-19 crisis, and provides outlooks for 2021 and 2022. The latest iteration of this document – which has been publis…

Secretaria Ejecutiva de la CEPAL presentará el Estudio Económico de América Latina y el Caribe 2021

La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, presentará el martes 31 de agosto el Estudio Económico de América Latina y el Caribe 2021: Dinámica laboral y políticas de empleo para una recuperación sostenible e inclusiva más allá de la crisis del COVID-19, uno de los principales informes económicos anuales (flagship) de la institución, que realiza un balance de las economías de la región en el último año, en especial el impacto sufrido por la crisis del COVID-19, y entrega perspectivas para 2021 y 2022. El documento, publicado ca…

Secretária-Executiva da CEPAL apresentará o Estudo Econômico da América Latina e do Caribe 2021

A Secretária-Executiva da Comissão Econômica para a América Latina e o Caribe (CEPAL), Alicia Bárcena, apresentará na terça-feira, 31 de agosto, o Estudo Econômico da América Latina e do Caribe 2021, um dos principais relatórios econômicos anuais da Instituição, que faz um balanço das economias da região no último ano, em especial o impacto sofrido pela crise da COVID-19, e apresenta perspectivas para 2021 e 2022. O documento, publicado anualmente pela Comissão Regional das Nações Unidas desde 1948, resume o desempenho da economia regional em 2020 e analisa sua evolução para 2021. Em sua …

O Investimento Estrangeiro Direto na América Latina e no Caribe 2021. Resumo executivo

Em um contexto de grave crise sanitária, econômica e social gerada pela pandemia da COVID-19, a América Latina e o Caribe receberam 105,48 bilhões de dólares de investimento estrangeiro direto em 2020, 34,7% a menos que em 2019, 51% a menos que o recorde histórico alcançado em 2012 e o menor valor desde 2010. Em âmbito mundial, os valores de investimento estrangeiro direto (IED) caíram 35% em 2020, atingindo aproximadamente 1 trilhão de dólares, o que representa o valor mais baixo desde 2005. América Latina e Caribe está em tendência de queda desde 2013, o que tem deixado em evidência a relaçã…

Foreign Direct Investment in Latin America and the Caribbean 2021

This document examines the global and regional evolution of FDI and offers recommendations so these flows can contribute to the region’s productive development processes. The first chapter of the publication analyzes, among other things, the trends observed in the context of the international crisis prompted by the COVID-19 pandemic, detailing the amount of Foreign Direct Investment (FDI) received by each country in 2020 and providing a regional projection for 2021. The second chapter offers a historic and current overview of China’s investments in Latin America and the Caribbean, placing thes…

Foreign Direct Investment in Latin America and the Caribbean 2021

Este informe anual de la CEPAL examina la evolución mundial y regional de la Inversión Extranjera Directa (IED) y plantea recomendaciones para que estos flujos contribuyan a los procesos de desarrollo productivo de la región. En el primer capítulo de la publicación se analizan, entre otras cosas, las tendencias observadas en un contexto de crisis internacional generada por la pandemia de COVID-19, se detallan los montos de IED recibidos por cada país en 2020 y se hace una proyección regional para 2021. En el segundo capítulo se brinda un panorama histórico y actual de las inversiones de China…

Financiamiento mediante emisión monetaria en América Latina, 1960-2016

Los ingresos por emisión han sido una fuente importante de financiamiento para las economías de la región, promediando el equivalente a 2,9 puntos del PIB y a 20,7% de los ingresos fiscales para el período entre 1960 y 2016. Esta forma de “recaudación” ha cambiado a lo largo del tiempo, siendo en la década del ochenta cuando se empleó de manera más profusa en la región. Pareciera que el uso intensivo de esta forma de financiamiento se produce luego de una caída en los términos de intercambio. Adicionalmente, los datos muestran que los episodios en que este financiamiento ha sido empleado más i…

Capital flows to Latin America and the Caribbean: First four months of 2021

Latin American and Caribbean debt issuers reached a historic milestone in the first quarter of 2021, with the highest quarterly issuance on record (US$ 52 billion) in international bond markets. Including April, regional bond issuance in international markets totalled US$ 65.5 billion in the first four months of 2021. In addition, green, social and sustainability bond issuance reached a new high of US$ 16.6 billion at the end of April, which included a surge in sustainability-linked bonds. Capital Flows to Latin America and the Caribbean: First four months of 2021 presents and analyses the dev…

Employment Situation in Latin America and the Caribbean: Decent work for platform workers in Latin America

The crisis caused by the coronavirus disease (COVID-19) pandemic had severe repercussions on the region’s economy and labour markets in 2020. The year ended with a 7.1% decline in GDP, which translated into a sharp drop in employment and an increase in the unemployment rate, to 10.5%. Unlike in previous crises, withdrawal from the labour market was high, primarily in the second quarter of 2020, and the contraction in informal employment was greater than that of formal employment. With the gradual easing of lockdown measures, labour force participation has picked up and employment is recovering…

Coyuntura Laboral en América Latina y el Caribe: trabajo decente para los trabajadores de plataformas en América Latina

La crisis causada por la pandemia de enfermedad por coronavirus (COVID-19) tuvo un gran impacto en la economía y los mercados laborales regionales durante 2020. El año finalizó con una caída del PIB del 7,1%, que se tradujo en una marcada pérdida de empleos y un aumento de la tasa de desocupación, que alcanzó el 10,5%. A diferencia de crisis anteriores, el número de personas que se retiraron del mercado laboral fue elevado, principalmente en el segundo trimestre del año, y la contracción del empleo informal fue mayor que la del empleo formal. A medida que las restricciones a la movilidad se le…

Speculation and price volatility in the coffee market

Green coffee growers, most of whom are smallholders, have suffered from the significant volatility and fall in the international price of this commodity over the past decade. It is therefore crucial to understand the factors that drive price volatility, which has been studied extensively for other commodities but not for coffee. This study looks into the determinants of the conditional volatility of green coffee prices in three different markets: spot, futures and physical.…

Multilateral development banks in Latin America: Recent trends, the response to the pandemic, and the forthcoming role

The COVID-19 crisis has hit Latin America and the Caribbean harder than any other developing region. In 2020 the regional GDP will experience its greatest decline in 120 years. The pandemic represents a formidable social challenge, exposing all the regions’ endemic problems. Against this backdrop, this paper analyses the Multilateral Development Banks (MDBs) response to the COVID-19 crisis and their post-pandemic role and prospects in LAC. Some basic information is presented on the major MDBs that serve the region and their main trends during the last decade to provide an adequate context.…

United States supply chains resiliency: The key role Latin America and the Caribbean could play

This paper focuses on the impact on three industries to exemplify the disruption that took place in supply chains during the global pandemic; and the measures taken by the United States government to confront the disruption in the short run and protect the health and livelihood of its citizenry.…

47 estudiantes de 17 países participarán en la 22ª versión del Programa de Estudios Avanzados en Economías Latinoamericanas de ELADES-CEPAL

Cuarenta y siete estudiantes provenientes de 17 países del mundo participarán en la vigésima segunda versión del Programa de Estudios Avanzados en Economías Latinoamericanas de la Escuela Latinoamericana de Estudios del Desarrollo (ELADES) de la Comisión Económica para América Latina y el Caribe (CEPAL), que se realizará entre el 14 de julio y el 5 de septiembre de 2021 de forma virtual. A esta edición del Programa postularon 331 personas de 21 países de todo el mundo. Los 47 estudiantes seleccionados provienen de Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, El Salvador, Guatema…

Post Pandemic Covid-19 Economic Recovery: Enabling Latin America and the Caribbean to better harness e-commerce and digital trade

This report shows that Latin America and the Caribbean faces critical policy challenges going forward. It must accelerate the digital transformation to allow businesses and consumers to adapt to a new normal and leverage pandemic recovery to create stronger economies, and also tackle long-standing barriers to adopting digital technologies and bridging digital divides. These have impeded sustained and equitable economic growth even before the pandemic struck. This crisis should be a wake-up call for governments, the private sector, civil society, and international development partners to come t…

United States economic outlook: 2020 in review and early 2021 developments

The United States economy contracted by 3.5% in 2020 —the worst performance since the Second World War— but is currently expected to grow by an estimated 6.5% in 2021, the fastest pace in three decades. While there is optimism for the growth outlook this year and beyond, uncertainty and risks prevail. The United States economic outlook: 2020 in review and early 2021 developments presents and analyses the developments in the United States economy in 2020 and early 2021, and examines how they could affect financial conditions in Latin America and the Caribbean. The report includes a gender focus…

Economic Reactivation Needs Productive, Fiscal and Institutional Structural Reforms to Move Towards an Inclusive and Sustainable Development Pattern in Latin America and the Caribbean

The region of Latin America and the Caribbean has been the most affected by the COVID-19 pandemic, and the most harmed in economic and social terms. This is due to longstanding structural factors that have portended its dysfunctional development pattern. That is why the economic reactivation must pursue, at the same time, significant productive, fiscal and institutional structural reforms, in order to move forward on configuring a new, inclusive and sustainable development pattern. So stated Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECL…

Reactivación económica necesita reformas estructurales productivas, fiscales e institucionales, para avanzar hacia un estilo de desarrollo inclusivo y sostenible en América Latina y el Caribe

La región de América Latina y el Caribe ha sido la más afectada por la pandemia del COVID-19 y también la más dañada en términos económicos y sociales. Esto se debe a factores estructurales de larga data que han prefigurado su disfuncional estilo de desarrollo. Por ello, la reactivación económica deberá cursar, a la par, significativas reformas estructurales productivas, fiscales e institucionales, para avanzar en la configuración de un nuevo estilo de desarrollo inclusivo y sostenible. Así lo señalan Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe…

A reativação econômica precisa de reformas estruturais, fiscais e institucionais produtivas para avançar em direção a um estilo de desenvolvimento inclusivo e sustentável na América Latina e no Caribe

A região da América Latina e do Caribe foi a mais afetada pela pandemia de COVID-19 e também a mais prejudicada em termos econômicos e sociais. Isso se deve a fatores estruturais de longa data que prefiguraram seu estilo disfuncional de desenvolvimento. Por isso, a reativação econômica deverá, ao mesmo tempo, passar por significativas reformas estruturais produtivas, fiscais e institucionais para avançar na configuração de um novo estilo de desenvolvimento inclusivo e sustentável. É o que assinalam Alicia Bárcena, Secretária Executiva da Comissão Econômica para a América Latina e o Caribe (CEP…