Un nuevo estudio publicado por CEPAL analiza cómo ha evolucionado este modelo empresarial en la región, revisa las normativas vigentes y recoge las principales preocupaciones de los actores que integran su ecosistema.…
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…
Declining economic growth and competitiveness, the impact of the 2007–2009 global financial crisis, and the challenge of climate change and extreme weather events have hindered the sustainable development of Caribbean economies, the generation of sustained welfare gains and the achievement of key Sustainable Development Goals (SDGs). Moreover, the COVID-19 pandemic has exacerbated the subregion’s vulnerability to the vagaries of global aggregate demand and commodity prices, which have largely driven the subregion’s debt upwards and dampened economic growth before its onset, compromising its ec…
Barbados has embarked on a bold initiative to green its economy and has already made significant progress in some economic sectors (e.g. energy). This study investigates the extent to which small- and medium-sized enterprises (one of the largest segments of economic activity) on the island have adopted green initiatives and the factors that have prompted them to do so. A probit model is estimated using a firm-level database extracted from the Productivity, Technology and Innovation in the Caribbean (PROTEqIN) database maintained by Compete Caribbean. The results suggest that small and medium-s…
Barbados ha emprendido una iniciativa audaz para ecologizar su economía y avanzó considerablemente en algunos sectores económicos (como la energía). Este artículo investiga hasta qué punto las pequeñas y medianas empresas (pymes), uno de sus segmentos más grandes de la actividad económica, han adoptado iniciativas ecológicas, y los factores que las han llevado a hacerlo. Se estima un modelo probit usando una base de datos a nivel de las empresas extraída de la base de datos Productivity, Technology, Innovation in the Caribbean (PROTEqIN), que gestiona Compete Caribbean. Las pymes se han quedad…
A delegation from the Ministry of Foreign Affairs of the Republic of Korea visited the Economic Commission for Latin America and the Caribbean (ECLAC) headquarters in Santiago, Chile on 13-14 May 2019, and reaffirmed their commitment to supporting the Latin American and Caribbean countries in achieving the Sustainable Development Goals (SDGs). ECLAC and the Republic of Korea have closely collaborated in the past years on crucial topics such as internationalization of small and medium enterprises (SMEs), reducing environmental footprint of exports and the promotion of sustainable and inclusive…
Una delegación del Ministerio de Relaciones Exteriores de la República de Corea visitó la sede de la Comisión Económica para América Latina y el Caribe (CEPAL) en Santiago, Chile, los días 13 y 14 de mayo de 2019, reafirmando su compromiso de apoyar a los países de América Latina y el Caribe en el logro de los Objetivos de Desarrollo Sostenible (ODS). La CEPAL y la República de Corea han colaborado estrechamente en los últimos años en temas clave como la internacionalización de las pequeñas y medianas empresas (pymes), la reducción de la huella ambiental de las exportaciones y la promoción de …
Art and craft is considered to be an integral part of the tourism business, since it plays an important role as souvenirs and mementos, thereby spatially and temporarily expanding the visitor experience. It is also increasingly looked upon as an opportunity to diversify the tourism sector offerings, as well as the broader economic base. As part of the overall global creative economy, the art and craft sector has seen consistent trade growth over the past two decades, and has shown the capacity to forge even stronger linkages with the tourism sector. This paper examines the nature of this relat…