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…

The importance of local production and small-scale enterprises for Latin American development

The generation dynamic competitive advantages in Latin America and the Caribbean cannot be assumed to result automatically from the achievement of the necessary macroeconomic stability and the incorporation of part of the system of production into some dynamic segments (or niches); of the international economy. Recent empirical information on local economic development initiatives in the developed countries indicates that macroeconomic adjustment policies must be accompanied by other specific policies at the microeconomic and mesoeconomic levels. These policies must incorporate the various loc…

The Regional Coordination Mechanism for the Implementation of the Mauritius Strategy

Private-public alliances for export development: the Korean case

The present report explains the development path of Korea, from a country which started its development with a lack of natural resources, industrial facilities, sufficient foreign reserves and business experiences and with human resources as its only productive factor at the disposal, to its successful technological catch-up, export performance and economic development. The study clarifies this development by concentrating on the formulation and implementation mechanism of development strategies and policies with the emphasis on trade; the technological capability building process and institu…

Strategies for increasing economic resilience in the Caribbean

Autoridades del Ministerio de Relaciones Exteriores de la República de Corea visitaron la CEPAL

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 …

Authorities from the Ministry of Foreign Affairs of the Republic of Korea visited ECLAC

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…