The Hummingbird Vol. 10 No. 4

ECLAC Proposes Cluster Policies to Escape the Current Low-Growth Trap in Latin America and the Caribbean

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), José Manuel Salazar-Xirinachs, proposed cluster-based policies as a powerful instrument to promote growth and productive diversification to help pull the region out of the prolonged, development crisis that has impeded high, sustained and sustainable growth in the last decades, except in cases of price bonanzas in primary products. The United Nations senior official is in Davos, Switzerland for the 2023 World Economic Forum Annual Meeting (WEF) from January 16-20. The 53rd edition brings together th…

CEPAL propone políticas de clusters para superar la trampa de bajo crecimiento en que se encuentra América Latina y el Caribe

El Secretario Ejecutivo de la Comisión Económica para América Latina y el Caribe (CEPAL), José Manuel Salazar-Xirinachs, propuso la implementación de políticas basadas en clusters como instrumento poderoso para promover el crecimiento y la diversificación productiva, que ayuden a sacar a la región de la prolongada crisis de desarrollo que la caracteriza y que le ha impedido crecer de manera elevada, sostenida y sostenible en las últimas décadas, excepto cuando ha habido bonanzas en los precios de los productos primarios. El alto funcionario de las Naciones Unidas se encuentra en Davos, Suiza,…

A CEPAL propõe políticas de clusters para superar a armadilha de baixo crescimento em que se encontram a América Latina e o Caribe

O Secretário Executivo da Comissão Econômica para a América Latina e o Caribe (CEPAL), José Manuel Salazar-Xirinachs, propôs a implementação de políticas baseadas em clusters como instrumento poderoso para promover o crescimento e a diversificação produtiva, que ajudem a tirar a região da prolongada crise de desenvolvimento que a caracteriza e que a impediu de crescer de maneira elevada, sustentada e sustentável nas últimas décadas, exceto quando houve bonanças nos preços dos produtos primários. O alto funcionário das Nações Unidas participou na Reunião Anual 2023 do Fórum Econômico Mundial (W…

Report of the twenty-ninth session of the Caribbean Development and Cooperation Committee of the Economic Commission for Latin America and the Caribbean

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…

Revista CEPAL no. 138

Documento actualizado el 15 de febrero de 2023.…

New Study by ECLAC Analyzes the Impacts of the War in Ukraine on Uruguay’s Economy

What impact has the war in Ukraine had on the Uruguayan economy? A new publication of the Studies and Perspectives Series of ECLAC’s Office in Montevideo analyzes these precise effects. The study entitled Economic Impacts of the War in Ukraine: A View from the Region and Uruguay (in Spanish only) verifies initially that this war represents a crisis of major proportions that overlaps with others that are also very significant, such as the financial crisis of 2008 and the pandemic crisis – which constitute what ECLAC has called a “cascade of crises.” As a result, the world and Latin America and …

Nuevo estudio de la CEPAL analiza los impactos de la guerra en Ucrania sobre la economía de Uruguay

¿Cuáles fueron los impactos de la guerra de Ucrania sobre la economía uruguaya? Una nueva publicación de la Serie Investigaciones y Perspectivas de la Oficina de la CEPAL en Montevideo analiza dichos efectos. La investigación titulada Impactos económicos de la guerra en Ucrania: Una mirada desde la región y el Uruguay constata inicialmente que esta guerra representa una crisis de grandes proporciones que se superpone a otras también muy significativas, como la crisis financiera del 2008 y la crisis de la pandemia –que representan lo que la CEPAL ha llamado una “cascada de crisis”. Como …

Novo estudo da CEPAL analisa os impactos da guerra na Ucrânia sobre a economia do Uruguai

Quais foram os impactos da guerra na Ucrânia sobre a economia uruguaia? Uma nova publicação da Série Pesquisas e Perspectivas do Escritório da CEPAL em Montevidéu analisa esses efeitos. A pesquisa intitulada Impactos econômicos da guerra na Ucrânia: uma visão a partir da região e do Uruguai (em espanhol) constata inicialmente que esta guerra representa uma crise de grandes proporções que se superpõe a outras também muito significativas, como a crise financeira de 2008 e a crise da pandemia, que representam o que a CEPAL chama de uma “cascata de crises”. Como resultado, o mundo e a América Lat…

CEPAL Review no. 138

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Argentina’s economic relations with China and their impact on a long-term production strategy

This article analyses how trade and investment relations between Argentina and China have evolved in the post-convertibility period. In the case of trade, Argentina’s sales to China are more concentrated in the primary sector than its exports to other countries. Chinese competition has adverse effects on Argentina’s domestic production only in specific sectors, but it has caused significant displacement of Argentine exports to Brazil. In the case of foreign direct investment, Chinese FDI is driven by a quest for natural resources and generates little productive or technological spillover. Thus…

Las relaciones económicas de la Argentina con China y su impacto sobre una estrategia productiva de largo plazo

El objetivo del presente trabajo es analizar la evolución de las relaciones comerciales y de las inversiones entre la Argentina y China en la posconvertibilidad. En lo que respecta a las exportaciones argentinas, el comercio con China muestra un patrón de primarización mayor en relación con otros socios comerciales. En el mercado interno argentino, los efectos negativos de la competencia china para la producción nacional están acotados a sectores específicos. Sin embargo, se destaca un desplazamiento significativo de las exportaciones argentinas hacia el Brasil por parte de la competencia chin…

Professor Mariana Mazzucato Will Present Policy Document for Transformational Change in Latin America and the Caribbean

Professor Mariana Mazzucato, Founding Director of the Institute for Innovation and Public Purpose (IIPP) of University College London (UCL), will present a new report in which she addresses transformational change in Latin America and the Caribbean, at a side event of the thirty-ninth session of the Economic Commission for Latin America and the Caribbean (ECLAC), which will take place on October 24-26 in Buenos Aires, Argentina. The document entitled Transformational Change in Latin America and the Caribbean: A Mission-Oriented Approach, which was commissioned by ECLAC, will be launched on Tue…

Profesora Mariana Mazzucato presentará documento de política para el cambio transformacional en América Latina y el Caribe

La Profesora Mariana Mazzucato, Directora Fundadora del Instituto para la Innovación y el Propósito Público (IIPP) de la University College London (UCL), presentará un nuevo informe en el que aborda el cambio transformacional en América Latina y el Caribe, durante un evento paralelo al trigésimo noveno periodo de sesiones de la Comisión Económica para América Latina y el Caribe (CEPAL), que se realizará del 24 al 26 de octubre en Buenos Aires, Argentina. El documento titulado Cambio transformacional en América Latina y el Caribe: un enfoque de política orientada por misiones, que fue encargado…

ECLAC convenes Caribbean Development and Cooperation Committee meeting in Suriname

What: Twenty-ninth (29) session of the Caribbean Development and Cooperation Committee. When: 14 October 2022 (Opening ceremony at 9 am). Where: The Royal Torarica Hotel, Kleine Waterstraat 10, Paramaribo, Suriname. Background Information Caribbean Development and Cooperation Committee (CDCC) Member Countries and Associate Members will convene for the 29th Session. Pursuant to resolution 358(XVI) of 1975, the CDCC was created as a permanent subsidiary body of the Economic Commission for Latin America and the Caribbean (ECLAC), to promote development cooperation among Caribbean countrie…

Revista CEPAL presenta estudios sobre efectos de la incertidumbre en el crecimiento económico, los precios de los productos básicos y la trampa del ingreso medio en América Latina y el Caribe

La incertidumbre mantiene una directa correlación con la inflación y con la volatilidad de tres variables macroeconómicas: la tasa de inflación, el producto interno bruto (PIB) y el tipo de cambio real de las economías. Así lo sostiene una investigación publicada en el más reciente número de Revista CEPAL, principal publicación académica de la Comisión Económica para América Latina y el Caribe. Su edición N⁰ 137 (agosto de 2022) ya está disponible en internet con diversos análisis de destacados especialistas internacionales, en donde también se estudian los precios de los productos básicos y s…

CEPAL Review no. 137

Revista CEPAL no. 137

War in Ukraine Quickens Inflation, Reduces Growth and Increases Poverty in Latin America and the Caribbean

The Economic Commission for Latin America and the Caribbean (ECLAC) released a new policy brief today that analyzes the war in Ukraine’s economic and social effects on the region and provides recommendations to countries on how to address them. According to the United Nations regional organization, the region’s economies face a difficult scenario in 2022 in an external context of uncertainty, inflation (particularly in food and energy), and a deceleration of economic activity and trade. According to ECLAC’s report entitled Repercussions in Latin America and the Caribbean of the war in Ukraine:…