Deepening regional integration must be an essential component of any strategy for emerging from the crisis produced by the coronavirus disease (COVID-19) in order to move towards more sustainable and resilient trade. This entails strengthening our own production linkages and promoting intraregional trade, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), stated today.
The senior United Nations official spoke during the LVI Ordinary Meeting of MERCOSUR’s Common Market Council, in which the Foreign Ministers of the four countries that mak…
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…
At this time of pandemic provoked by the coronavirus disease (COVID-19), the need for international cooperation is more urgent on the fiscal side. For that reason, international financial organizations should grant favorable financing conditions to middle-income countries, with low-cost credit lines and debt relief, sustained Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC).
The senior United Nations official participated today in a virtual seminar entitled How to face the COVID-19 crisis in Latin America, organized by Spanish instituti…
(13 April 2011) Latin America and the Caribbean are facing the following double shock: rising commodity prices and the growth in global liquidity. Faced with increased inflows of foreign capital inflows to the region, it is vital to think back to past crises and learn the lessons they have to offer, stated Alicia Bárcena, Executive Secretary of ECLAC.
Today in Santiago, Chile, this senior United Nations official opened the Workshop on macroeconomic policies: global integration and international financial markets, which brings together economic authorities and experts from several Latin A…
The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, warned today that the Coronavirus (COVID-19) pandemic will have devastating effects on the global economy that will certainly be more intense than and distinct from those felt during the 2008-2009 global financial crisis, adding that Latin American and Caribbean countries will not be spared since they will be affected through numerous channels.
The senior United Nations official participated this Thursday, March 19, in an Inter-American Dialogue Conference Call on the Coronavirus an…
This document was prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) for the official visit of Geung-hye Park, President of the Republic of Korea, to several countries in the region.
The Republic of Korea’s success in economic and social development offers many lessons for Latin America and the Caribbean and the developing world as a whole. From being one of the poorest countries in the world in the early 1960s, in six short decades the Republic of Korea has succeeded in transforming itself into a high-income economy, a major manufacturing, scientific and export po…
United States Trade Developments 2013-2014, is an annual report prepared by the ECLAC Washington Office. It provides an overview of the most relevant trade developments in the United States trade relations with Latin America and the Caribbean and the measures that inhibit the free flow of goods among countries in the Western Hemisphere.
The report presents trade figures and trends over the last few years to illustrate the nature of the U.S. engagement through trade with the world and with the Latin America and Caribbean region. Special emphasis was given to trade among the U.S., Canada, and Me…
This past February 8th 2024, Andres Valenciano, Chief of Washington Office, had the opportunity to participate on the Remaking Trade For a Sustainable Future event at Georgetown University Law Center. The event was organized by Center on Inclusive Trade and Development co-led by Jennifer Hillman and Katrin Kuhlmann.…
The automotive sector is one of the sectors in which trade between mercosur countries has grown most strongly. This article examines the possibility that trade diversion occurred in that sector during the period 1991-2010, assuming that product costs fell as a result of market expansion. The analysis is based on the concepts of “cost reduction” and “trade suppression” coined by Corden (1972), which capture the effects of economies of scale. Indices of regional orientation and revealed comparative advantages are used in combination to assess whether the trade bloc is evolving in line with compa…