Featured Articles

COVER STORY: Business Leadership – The New Business Breed

Up-and-coming executives are 30- or 40-something. Most have studied abroad, traveled widely and bring a global perspective to businesses that were once national or regional in scope. Meet the new Latin American business leaders. Adriana Cisneros was only 33 when she became CEO last year of the multibillion dollar Cisneros Group, a media and real [...]

INDUSTRY REPORT – Logistics: A Radical Change

Transformation is taking over logistics operations in Latin America. A look at the big challenges, and the opportunities. Bringing products and their end-users together in Latin America, and exporting them to the world, remains one of the biggest economic challenges facing Latin America in the modern global economy. It’s also one of the region’s great [...]

EUROPE – Telefonica: Customers and Cash Flow.

The group’s recent restructuring reflects the Spaniards’ bet on Latin American businesses.   On September 5, 2011, Telefónica announced a major shake-up in its organizational chart. Countries as business units were dismantled and consolidated into two large divisions: Telefónica Europe and Telefónica Latin America. Added to these offices – one in Madrid and the other [...]

FORECAST – Mexico: Mexicans take the future into their own hands

Initiatives in education, justice and security show a new interest from citizens in accelerating changes in the country. One might recall the famous play, Waiting for Godot, by Samuel Beckett in which Vladimir and Estragon, endlessly wait for the arrival of a person named Godot. With this play, the Irish Nobel laureate epitomized a literary [...]

MULTILATINA: Roberto Setubal – “Capital will be scarce in the coming years”

Major changes are coming to the banking industry, said Roberto Setubal, CEO of Itaú Unibanco, the largest bank in the Southern hemisphere. He shared with Latin Trade his view of a world with costlier capital and with no advantages to being a global bank. Brigadeiro Faria Lima, the Paulista avenue which will be flooded with [...]

TRENDS: 2014 Rising Legal Stars

Meet the lawyers who have been behind the largest deals or who have made a substantial impact through their multiyear knowledge of the region’s legal landscape. Every year, Latin Business Chronicle honors 50 lawyers who have made an outstanding achievement to Latin America’s legal field, a tradition it has continued since 2011. The list aims [...]

  • Main Articles

  • Left: Uganda, July 2013. The Rapid Family Tracing and Reunification System (RapidFTR) is used to collect and share information via mobile phone about children and families in emergencies.  Right: Officials at Mulago Hospital enter particulars of children and their parents into Mobile Vital Records System (Mobile VRS) to obtain a birth certificate. Mobile VRS is an innovative technology supported by UNICEF to improve birth registration in Uganda.  Photos: © UNICEF/UKLA2013-03809/Shah ; © UNICEF/UGDA201300581/Sibiloni

    PHILANTHROPY – Innovation: Strength In Collaboration

    Unicef is one of four pan-regional foundations in Latin America. Despite its reach and brand strength, it’s actively partnering with private companies and policymakers to touch new markets, and to solve longstanding social problems. When it comes to collaboration, Unicef is increasingly looking to Latin America. With innovation hubs across the world, including one in [...]

  • POLICY AGENDA – Pensions: Addressing the Ticking Time Bomb

    POLICY AGENDA – Pensions: Addressing the Ticking Time Bomb

    Under current conditions, a bone-chilling 60 percent of individuals who will reach retirement in 2050 will not be able to receive a contributory pension and will not have enough savings to live out of poverty. Carmen Pagés-Serra offers a solution to the problem. The majority of pension systems in Latin America and the Caribbean are [...]

  • Itziar de Ros Raventós, admissions director of Iese’s MBA program

    SPECIAL REPORT – Executive Education: New in Executive Education

    Since the 2008 financial crisis, the programs for Latin American executives in the United States, and at home, have changed dramatically. Today, they are more international, more practical and have more regional orientation. Even though there’s a general impression that the university market offers lots of curriculum options for executive education (EE), it’s still rather [...]

  • Elegant and sophisticated shops in Leblon district in Rio de Janeiro, Brazil.  Photo: NELSON ALMEIDA/AFP/Getty Images/Newscom

    TRADE – Retail: Riding The Retail Boom

    Latin America is perhaps the most exciting region in the world for retailers. The rising middle class, fast growth of e-commerce and  the increase of female income are among the factors that make it vibrant. When management consultants A.T. Kearney published their latest Global Retail Development Index (Grdi), it gave a graphic illustration of just [...]

  • Photo: istockphoto.com / michaklootwijk

    TRADE – Chile exports to China: The Silk Route

    While copper still accounts for about 80 percent of Chilean exports destined for China, non-copper exports to China have grown by 61 percent over the last three years. Chilean copper runs through the very circuitry of China’s economic boom – wiring skyscrapers, automobiles and rice cookers. But Chile has something else China wants: healthy, high-quality [...]

  • Photo: Ingram Publishing/Newscom

    EUROPE – Mexican Investment: The Mexican Conquista

    In need of investments, Spain rolls out the red carpet for capital arriving from México, which over the past year has increased by 273 percent. Mexican companies are landing in Spain, attracted by opportunities opening up as a result of the economic crisis that is battering the mother country. The data speaks for itself. In [...]

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  • The Scene

  • PRIORITIZATION OF HUMAN CAPITAL - MOST IMPORTANT TRENDS BY REGION • Note: Figures in each cell represent the number of respondents who viewed the given trend as one of the top five most important, and who felt that the trend would be important in the given region. Percentages are calculated on the total number of respondents who selected the given trend as one of the five most important overall.  Source: Deloitte University Press, Global Human Capital Trends 2014: Engaging the 21st-century workforce.

    THE SCENE: Trends in Human Capital

    A recent report from Deloitte analyzes world trends in human capital for 2014, a year in which it said global organizations have left the recession behind and are positioning themselves aggressively for growth. It stated: “Slowness has given way to expansion. Retrenchment has been replaced by investment. The need to be careful has been replaced [...]

  • Source: McKinsey Global Institute, Reverse the curse: Maximizing the potential of resource-driven economies.

    Natural potential

    A recent report from McKinsey Global Institute tackles the question of countries whose economies depend largely on their natural resources and how they can maximize their potential. The report says that the number of countries where the natural resource sector represents the largest segment of the economy jumped from 58 in 1995 to 81 in 2011, [...]

  • Source: Fomin and Bloomberg New Energy Finance, Climatescope 2013: New Frontiers for Low-Carbon Energy Investment  in Latin America and the Caribbean.

    New frontiers for clean energy

    Climascopio’s 2013 report focuses on investment in low-carbon energy in Latin America. Climascopio is an initiative of the Multilateral Investment Fund (Fomin) and Bloomberg New Energy Finance for evaluating the investment climate as it relates to climate change in Latin America and the Caribbean. To do this, it considers four main parameters that are interrelated [...]

  • Source: Economist Intelligence Unit, Global microscope on the microfinance business environment 2013.

    Pole of attraction for microfinances

    The Economist Intelligence Unit recently issued the 2013 Global Microscope study on the business environment for microfinances. The analysis was first prepared in 2007 for the countries of Latin America and the Caribbean and was broadened to become a worldwide study in 2009. The report analyzes in-depth the business environment for microfinances in 55 countries, [...]

  • Stalled exports

    According to the latest InTrade report, a compendium of information on integration and trade of the Interamerican Development Bank (IDB), Latin American exports are stalled, having had two low-growth years. The region’s annual increase of foreign sales was barely above the zero mark, and it remains stuck at about $1 trillion. In the first half [...]

  • Note: ALC-19 is the weighted average of the 19 countries analyzed. Source: IADB, Better Pensions, Better Jobs: Towards Universal Coverage in Latin America and the Caribbean

    The pension bomb

    The Inter-American Development Bank (IDB) has just launched the book Better Pensions, Better Jobs. Its authors state that although the countries of Latin America and the Caribbean have reduced levels of inequality and poverty, new problems are appearing. How to provide adequate pensions for older adults is one of the main ones. At present, just [...]

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  • Opinion

  • The Contrarian: Could a World Cup victory rescue the Brazilian economy?

    The Contrarian: Could a World Cup victory rescue the Brazilian economy?

    The incredible effect of the Seleção verde amarela. After averaging 4.5 percent per year GDP growth over the last decade, Brazil has begun a two-year (’14-15) slowdown, stunted by falling commodity prices, rising inflation and wilting consumer confidence. Chest beating Brazil, leader of the Brics, resource rich and business savvy, seems to have lost its [...]

  • Nature does not make leaps

    Nature does not make leaps

      “Nature does not make leaps” is the phrase used by scientists to mean that social phenomena do not advance in jumps, but move continuously. Events that surprise us are often the result of trends that have been forged and have evolved, slowly, over a long time. They take us by surprise perhaps, because as [...]

  • The Chinese Debt Crisis – Domino Effect On Latin America

    The Chinese Debt Crisis – Domino Effect On Latin America

    China today is much more than South America’s second largest customer. China is the largest source of soft loans to these governments. With growth slowing, skyrocketing municipal debt will soon lead to a fiscal crisis. On December 30th 2013, a long awaited report published by China’s National Audit Office confirmed the fears of many – [...]


    From Growth to Prosperity

    It’s a good time to talk about Latin America. Markets are again moving in its favor. Commodity prices fell by 3.6 percent in the first week of January, against the lackluster December 2013. But they bounced back by 10.7 percent between January 9 and the end of February to reach a 12-month high. Countries like [...]

  • Source: AlixPartners Analysis

    Reversal of Fortunes in Latin America

    Over the last 10 years, fortune has smiled upon exporters of natural resources. In Latin America, countries in Central America, the Caribbean and México, all tied traditionally to the U.S. economy, have grimaced with envy as investment dollars went to South America, whose economic motor is China. But softening commodity prices, a resurgent U.S. economy [...]

  • This is what 2014 will look like

    This is what 2014 will look like

    2014 looks good for Latin America. The region will grow by 3.5 percent, a touch better than last year. This year’s seven presidential elections won’t affect this outlook and the region’s political scenario shows no signs of major changes or extreme radical movements. There might be some protests from the new middle class, who will [...]

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  • Spotlight

  • Highways: A community for Converse

    Highways: A community for Converse

    An audacious publicity campaign in Mexico and Brazil. Not all publicity campaigns are ATL (Above The Line) – that is, announcements distributed conventionally through television, print or radio. The world of BTL (Below The Line) is growing, and though it already exists in the form of promotions  – events at which brands advertise to their [...]

  • The Duster Walkers

    The Duster Walkers

    How to liven up a Renault         Buyers of 4×4 vehicles use them much more for traveling around the city than for rural settings, although that’s what they were designed for. People choose them because they like them and because it’s the style, even though they drive mainly in the city and [...]

  • The Bud Clock

    The Bud Clock

    How Budweiser made a breakthrough in Ecuador, a market that had been dominated by one brand for a century. Quick-response bar codes seem to be one of those technological developments that arrived before people could realize their true potential. But in Latin America, however, people in the advertising industry seem to have caught on to [...]

  • Photos: courtesy of www.colombia.co

    Colombia, The Only Risk Is Wanting To Stay…

    Selling Colombia as a tourist destination in the international market has been a difficult task in the past. Right-wing paramilitaries, left-wing rebels and drug-trafficking cartels all gave the country a negative and dangerous image, difficult to tackle through campaigns or communication strategies. For many foreigners, images of drug  violence eclipsed the Colombia of Juan  Valdez, [...]

  • High Impact Without Transgressions

    High Impact Without Transgressions

    Technical Credits Title: Insufficient Proposal Agency: Young & Rubicam Chief Creative Officers: Martin Mercado, Diego Tuya, Martin Goldberg, Dario Rial Creative Director:Sergio Paoletta / Mariano Pazos Art Director: Stuart Martin   Banco Galicia is one of the most generous companies in Argentina in terms of the benefits and discounts it provides to its credit card clients. [...]

  • Chileno Becker Beer’s Talking Can

    Chileno Becker Beer’s Talking Can

    Technical credits Creative General Director: Cesar Agost Carreno Creative Director: Francisco Camacho Martino Editor: Juan Pablo Tyrer Art Director: Juan Pablo Alvarez Audiovisual Production: Jenny Saavedra Account Director: Valeria Haddad Production House: Cine 3 Director: Pablo Guarnaccia Executive producer: Fernanda Sala Post-production house: Sastre “This can will self-destruct in four, three, two, one…” goes the [...]

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