Caribbean Outlook 3: Economic recovery and repositioning in the era of COVID-19. Policy Brief

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…

¿A Chilean wine cluster? governance and upgrading in the phase of internationalization

Abstract The Chilean wine industry performed remarkably well over the past decades. Wines from Chile have found their way to consumers all over the world. This paper explores the factors that have supported the successful performance. In particular, through a questionnaire to key informants it tries to measure to what extent conscious collective action by local stakeholders to solve common problems of the industry in Chile and thereby create a shared basis for upgrading, have been relevant. The conclusion is that natural endowments, commercial and technological impulses from abroad and a favo…

O Papel da OCDE na governança dosinvestimentos internacionais e a entrada do Brasil na organização

A governança dos investimentos estrangeiros passa por uma lacuna institucional no âmbito internacional. Além de não haver arcabouço regulatório multilateral mandatório sobre o tema, a Organização Mundial do Comércio (OMC) passa por uma crise que afasta qualquer negociação a respeito. Nesse sentido, a Organização para a Cooperação e Desenvolvimento Econômico (OCDE) tem se mostrado um foro propício para tratar da liberalização do tema. A hipótese é a de que isso ocorre em razão da própria ratio da organização, baseada na soft law e na elaboração de subsídios que poderão embasar mudanças estrutur…

Alicia Bárcena: “La inversión extranjera directa puede contribuir al cumplimiento de la Agenda 2030 para el Desarrollo Sostenible”

La inversión extranjera directa (IED) tiene el potencial para contribuir al cumplimiento de la Agenda 2030 para el Desarrollo Sostenible en América Latina y el Caribe, fomentando sectores y actividades estratégicas para la región, como la infraestructura, la digitalización y las energías limpias, dijo este martes Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), durante el IV Foro Internacional de Inversiones de Chile realizado en un hotel en Santiago. “Nuestra región espera que los flujos de IED puedan contribuir a la diversificación produc…

Alicia Bárcena: América Latina y el Caribe tiene hoy la oportunidad de descarbonizar su economía

Durante una conferencia magistral realizada en el marco del Foro Internacional de Inversiones Chile 2016, la Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, destacó la oportunidad que tienen hoy los países de la región de aprovechar las inversiones extranjeras para descarbonizar sus economías, lo que les permitiría tanto expandir su producto interno bruto como reducir los impactos del crecimiento sobre el medio ambiente. Bárcena fue una de las oradoras principales del evento organizado este martes 12 de enero por el Comité de Inversiones E…

La cooperación entre China y América Latina y el Caribe ofrece una oportunidad para reducir las asimetrías globales y apoyar una recuperación económica transformadora

La cooperación entre China y América Latina y el Caribe ofrece una oportunidad para reducir las asimetrías globales y apoyar una recuperación económica transformadora inclusiva que promueva el desarrollo sostenible en línea con la Agenda 2030, afirmó hoy Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), en la clausura del II Foro Académico de Alto Nivel CELAC-China y el VI Foro de Think Tanks China-América Latina y el Caribe. “La crisis del COVID-19 ha agudizado las asimetrías globales entre los países desarrollados y los en vías de desarrol…

América Latina y el Caribe tiene grandes oportunidades para fortalecer sus vínculos económicos y de cooperación con China

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 seus vínculos econômicos e de cooperação com a China

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,…

Latin America and the Caribbean Have Great Potential for Strengthening their Economic and Cooperative Ties with China

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 …

Foreign Direct Investment in Latin America Drops 21% in First Semester of 2015

The flows of Foreign Direct Investment (FDI) towards 16 Latin American and Caribbean countries declined 21% during the first half of the year compared to the same period of last year, to total 88,717 million dollars, the Economic Commission for Latin America and the Caribbean (ECLAC) reported. The data revealed today is the update ECLAC issues each year on the main figures of the Foreign Direct Investment in Latin America and the Caribbean report, the latest edition of which was launched in May. Among the factors that explain the decline of FDI towards the region are the fall of investments in…

Fostering Industrialization and Value Chains is Crucial for Taking Advantage of the Region’s Natural Resources

Demand for metal mining, led by China, had positive consequences for Latin America and the Caribbean in terms of exports and fiscal revenue in the last decade; however, the region did not make progress on a policy of industrialization: the linkages with other sectors are still weak and policies are lacking for mining to contribute to the creation of new capacities, ECLAC indicates in its latest annual report Foreign Direct Investment in Latin America and the Caribbean 2016. According to the document, in the last 15 years the average relative weight of natural resources in the total flows of Fo…

Foreign Investment in Latin America and the Caribbean 2003

In 2003, flows of foreign direct investment (FDI) to Latin America and the Caribbean continued to shrink for the fourth year running. With this latest decline, Latin America and the Caribbean turned in the worst performance of any world region. This situation was exacerbated by the steady increase in profit remittances and in outflows of other FDI-related resources, which has diminished its impact on the balance of payments. The decrease in FDI inflows over the past few years has varied across subregions and countries in Latin America and the Caribbean, however. In Mexico and the Caribbean bas…

Foreign Direct Investment in Latin America and the Caribbean 2015

In its latest edition, the Foreign Direct Investment in Latin America and the Caribbean report analyzes in-depth the FDI received by the Caribbean, where these flows are much more significant than in the rest of the region as a proportion of Gross Domestic Product (GDP). The study also examines the impact of FDI on the environment, which has not been measured or regulated sufficiently by countries in the region…

Alicia Bárcena llama en Alemania a aprovechar oportunidades de inversión que ofrece América Latina y el Caribe

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…

Report to the CDCC: Review of ECLAC/CDCC Programme of Activities for the 2002-2003 Biennium

Segundo Foro Académico CELAC-China busca profundizar cooperación entre ambas partes para enfrentar nuevos desafíos globales

La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, inauguró hoy junto a autoridades, ex mandatarios y destacados académicos, el II Foro Académico de Alto Nivel CELAC-China y el VI Foro de Think Tanks China-América Latina y el Caribe, encuentro que reunirá por dos días a funcionarios de gobierno, especialistas universitarios y funcionarios internacionales de ambas partes con el fin de intercambiar experiencias y fomentar la cooperación mutua para enfrentar los nuevos desafíos globales y construir un futuro mejor. La reunión, que se realiza …

Korean FDI in Latin America and the Caribbean: A partner for sustainable development

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…

Investing for the future in Latin America and the Caribbean

Latin America and the Caribbean is a large, heterogeneous region that has been open to foreign direct investment (FDI) and is home to two of the top FDI recipient economies in the world: Brazil and Mexico. The trade and investment relationship between the region and the member States of the Gulf Cooperation Council (GCC) (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) has been concentrated on infrastructure and energy, and to a lesser extent commercial and financial services, agriculture and tourism. Both regions could exploit synergies to benefit more from bilateral …

Chinese Investments in Latin America: Opportunities for growth and diversification

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…

ECLAC keynotes for development No 3: Foreign Direct Investment

FDI inflows in Latin America and the Caribbean have been declining since their peak in 2011, and we estimate a further drop in 2017.…