The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on tourism. As a result, the Caribbean has seen a reversal of the hard-won gains achieved in growing their economies and reducing unemployment and inequality. The inflation stemming from pandemic supply chain disruption, which has been exacerbated by the war in Ukraine, has made the sustained uptick in economic performance beyond pre-pandemic levels unlikely, notwithstanding strong growth estimates for 2021 and 2022. The last two years have taught the region that continued ‘business as usual’ is…
IntroductionNearly 20 years ago, ECLAC put forward a proposal for structural change and productivity growth with social equity. At the time, the countries of the region were emerging from the severe crisis of the 1980s, with all its associated difficulties in terms of internal stabilization and external adjustment, and heading into a decade of structural reform which heeded the call of the Washington Consensus. In the midst of perplexity and pessimism regarding the region's prospects, ECLAC espoused a view of the situation that ran counter to the orthodox line of thought that marked econo…
IntroductionNearly 20 years ago, ECLAC put forward a proposal for structural change and productivity growth with social equity. At the time, the countries of the region were emerging from the severe crisis of the 1980s, with all its associated difficulties in terms of internal stabilization and external adjustment, and headed into a decade of structural reform which heeded the call of the Washington Consensus. In the midst of perplexity and pessimism regarding the region's prospects, ECLAC espoused a view of the situation that ran counter to the extremely orthodox line of thought that mar…
Presentation
The countries of the Latin American and Caribbean region have shown a keen
and lasting interest in mechanisms of economic development and public policies for its
promotion. This is a process in which ECLAC has been involved ever since it was founded
over half a century ago. Today, the debate on these issues continues against the backdrop
of a globalization process in which the remarkable dynamism of some dimensions
-especially its economic, financial and cultural aspects- contrasts with the
slow formation of an institutional network capable of coping with the increased
interdepend…
La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, subrayó la oportunidad que plantea el actual contexto actual para fortalecer la integración regional y destacó que ésta debe promoverse en áreas específicas más allá del comercio, durante la reunión del Foro Económico Mundial sobre América Latina 2017 que finalizó este viernes en Buenos Aires, Argentina.
En el marco del evento, Bárcena fue la oradora principal de un panel sobre el grupo de estrategia regional sobre integración, en la cual participaron también autoridades de gobierno y repr…
This paper analyzes the determinants of arabica green coffee prices in Latin American countries using a time series analysis and panel data methods. For this purpose, we construct a panel of different coffee prices: Coffee Organization (ICO) composite prices for Brazilian Naturals, Colombian Milds, and Other Milds; prices paid by the Federación Nacional de Cafeteros de Colombia (FNC) to coffee growers; and farm gate prices by country. The results show that the Brazilian Real to USD real exchange rate, inflation, and rain in January affect prices positively. In contrast, green coffee inventorie…
For many countries, the acceleration of integration into the global economy and multilateral trading system provides an opportunity to access a wider range of goods and services as well as export markets, increasing their economic incomes, and improving the welfare of the citizenry. In particular, preferential trade agreements tend to increase export market access opportunities for the agro-industrial products of developing countries.
While increased market access offers many opportunities for enhancing the economic growth of exporting countries, developing countries are often unable to seize…
América Latina y el Caribe tiene grandes oportunidades para mejorar sus relaciones económicas y su cooperación con China, país que ya es el segundo socio comercial de la región, según un nuevo documento de la CEPAL presentado con motivo de la visita del Presidente Xi Jinping a la sede de esta comisión regional de las Naciones Unidas en Santiago, Chile, realizada el pasado 22 de noviembre de 2016.
El informe Relaciones económicas entre América Latina y el Caribe y China: oportunidades y desafíos fue presentado por la Secretaria Ejecutiva de la CEPAL, Alicia Bárcena, en el marco de la Cumb…
A América Latina e o Caribe têm grandes oportunidades para fortalecer suas relações econômicas e sua cooperação com a China, país que já é o segundo sócio comercial da região, segundo um recente documento da CEPAL apresentado por motivo da visita do Presidente Xi Jinping à sede desta comissão regional das Nações Unidas em Santiago, Chile, realizada em 22 de novembro de 2016.
O informe Relaciones económicas entre América Latina y el Caribe y China: oportunidades y desafíos foi apresentado pela Secretária Executiva da CEPAL, Alicia Bárcena, no âmbito da Cúpula de Líderes de Meios de Comunicação,…
In the framework of his official visit to Chile, the President of the Republic of Paraguay, Santiago Peña, gave a keynote lecture today at the central headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC), in Santiago, urging the region’s countries to dialogue in a context of mutual respect, putting the interests that unite them first and offering a continent of peace in a troubled world, plagued by conflicts that have affected all countries due to their magnitude.
The Paraguayan leader – who took office on August 15, 2023 – was received by the United Nation…
Latin America and the Caribbean have great potential for improving their economic and cooperative ties with China, a country that has already become the region’s second-largest trading partner, according to a new ECLAC document presented during the visit made by President Xi Jinping to the headquarters of the United Nations Regional Commission in Santiago, Chile, on 22 November 2016.
The report Economic Relations between Latin America and the Caribbean and China: Opportunities and Challenges (in Spanish) was presented by the Executive Secretary of ECLAC, Alicia Bárcena, at the Summit of Media …
En el marco de su visita oficial a Chile, el Presidente de la República del Paraguay, Santiago Peña, realizó hoy una conferencia magistral en la sede central de la Comisión Económica para América Latina y el Caribe (CEPAL), en Santiago, en la cual hizo un llamado a los países de la región a dialogar en el marco del respeto mutuo, anteponiendo los intereses que los unen, ofreciendo un continente de paz en un mundo conturbado, asolado por conflictos que debido a su magnitud han impactado a todos los países del mundo.
El Mandatario paraguayo, quien asumió el cargo el pasado 15 de agosto de 2023, …
La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, llamó a aprovechar las oportunidades y ventajas que ofrece la región a los inversores extranjeros y lanzó una iniciativa de cooperación con empresarios alemanes para generar una plataforma exportadora de América Latina, durante encuentros sostenidos en Berlín.
En una visita de dos días a la capital alemana, Bárcena se reunió con empresarios alemanes con intereses en América Latina durante la conmemoración de los 100 años de la Lateinamerika Verein (Asociación Empresarial para América Latin…
The organic food market in the United States has shown impressive growth rates since the passage of legislation to regulate the market in the early 2000s. Rapidly increasing consumer demand for organic products has led to significant organic market expansion, with double-digit annual sales growth rates for some product categories. The increasing demand to import certain organic products from international sources presents an interesting trade potential for exporters from Latin America and the Caribbean. In order to guard the integrity of the domestic organic market, the United States has deter…
Singapore has been touted as a success story in the development literature.1 Various theories (Haggard and Kaufman, eds., 1992)2 have been offered to explain how and why the city-state has succeeded, but none of them has received unanimous approval. There is no debate on the success itself, what is at issue is how that success came about and how it has been sustained. For many it is a combination of the right policies and timing; for some, exploitation of a strategic position in the region; and for even others, a one-party dominant political system that allows for consistency in decision-maki…
This study analyzes foreign direct investment (FDI) outflows from the Republic of Korea to Latin America and the Caribbean in the last two decades to identify how Korean companies are investing in the region and which lessons can be learned from this relationship. The study relies on the analysis of investment flows, greenfield projects, and mergers and acquisitions as well as on interviews with entrepreneurs and authorities and a survey conducted on a small sample of suppliers of the automotive industry in Mexico. The Republic of Korea is a valuable economic partner for countries in Latin Ame…
China has become the third largest source of FDI in the world, only behind the United States and Japan. Chinese outward FDI continues to grow every year, but inflows into Latin America have remained stagnant since the year 2010 when a large wave of acquisitions introduced many Chinese companies to the region. They also remain very concentrated on the extraction of natural resources and in a handful of countries. Slower growth in China, and lower commodity prices may force some Chinese companies to change their strategy and start looking for overseas markets in new sectors, particularly in serv…