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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 [...]

COVER STORY: Business Leadership – The New Business Breed

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

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.

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

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”

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

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 [...]

LUXURY: Automobiles – Fine Wheels

LUXURY: Automobiles – Fine Wheels

Autos that satisfy demanding Latin American customers. The presidents of major companies with a presence in Latin America are particular about their means of transport. Many prefer cars of European origin to Asian ones, or even to those assembled in the United States. In addition to design, what is truly important to them is the [...]

Illustration: ©istockphoto.com/rohanchak

TRENDS: Money in “Big Data”

Companies in the region are slowly realizing that Big Data technology can help them anticipate the market and make more timely strategic decisions. Every time you use an automatic teller machine, comment on a Facebook picture, make a call from your cell phone or review traffic conditions on your car’s GPS, you are also creating [...]

Illustration: ©istockphoto.com/ryccio

TECHTRENDS: The E-commerce Explosion

  Online retailers and old-fashioned storefronts turn to easy-to-use platforms, mobile apps and cross-border trade to compete for swelling e-commerce sales. For many consumers, spotting a shoe they want in a magazine, on a billboard or somebody’s feet can be exciting. But each step to buying a pair, from driving to the store to finding [...]

Bogotá Telecommunications Enterprise (ETB) president, Saul Kattan Cohen (L) and Movistar CEO, Ariel Ponton (R),  talk during the auction of the radio spectrum licenses to operate mobiles of fourth generation (4G) technologies in Bogotá. • Photo: ©istockphoto.com/rohanchak

TELECOMMUNICATIONS: The Perfect Scenario

With the arrival of 4G services, the creation of a nationwide fiber optics network and the entry of new technology competitors, Colombia’s telecommunications industry appears to have everything in its favor for consolidating this year. Colombia is living through a small telecommunications revolution, thanks to the establishment of national policies aimed at broadening the coverage [...]

Photo: © iStockPhoto.com/ PromesaArtStudio

GUYANA – Economic Growth: After the Gold Rush

Guyana’s economy shows impressive growth, but now must cope with lower export prices and a weak economic structure. The Co-operative Republic of Guyana, whose economy struggled under the heavy hand of socialist-style governments for decades after achieving independence from the United Kingdom in 1966, has posted strong economic growth over the last five years, and [...]

Cover Artwork: © iadb.org

POLICY AGENDA: The Orange Economy

Cultural industries are an important economic sector due to their penchant for innovation and development. In Latin America, this group of activities produces $175 billion. Between 6.1 and 7.3 percent of the world’s Gross Domestic Product (GDP) is produced by cultural or creative industries, according to estimates from the Inter-American Development Bank (IDB) and Unesco. [...]

Oil rig drilling in Brazil • Photo: © iStockPhoto.com/celsodinz

INDUSTRY REPORT: Energy Security

Latin American countries could benefit from a more integrated energy market. Has the time come for them to forget about nationalism? The nations of Latin America and the Caribbean possess one of the world’s largest reserves of petroleum and natural gas, as well as an abundant supply of hydroelectric energy. In fact, the western hemisphere [...]

World Economic Forum Introduction: Latin America 2.0

World Economic Forum Introduction: Latin America 2.0

What’s new on the list of things that best promote competitiveness and development in the region? Experts talk about labor skills, innovation, cities, trade, and entrepreneurship.   Over the next 12 months, 20 people from Latin American government, academia and the corporate sector will “experiment” in a laboratory to see what creates the highest impact [...]

COUNTRY REPORT – PANAMÁ: Martinelli’s Legacy

COUNTRY REPORT – PANAMÁ: Martinelli’s Legacy

Ricardo Martinelli is leaving office in July with sky-high job approval numbers and a long list of achievements, but also a wake of strong-arm tactics that have given rise to detractors angling for change. During five years as Panamá’s president, Ricardo Martinelli has forged a reputation for winning ugly. He favors a bruising, Chris Christie-like [...]

SPECIAL REPORT: The Business of Strategic Consulting

SPECIAL REPORT: The Business of Strategic Consulting

The consulting industry is growing at double-digit rates in the region, as a result of the profound changes in the corporate environment. What will the leaders in this sector do in 2014 to cash in on the boom? The Latin American economic boom of recent years extends to the business of strategic consulting companies. The [...]

INTERVIEW – PARAGUAY’S MINISTER OF INDUSTRY AND COMMERCE: Today, we have what we never had before, markets.

INTERVIEW – PARAGUAY’S MINISTER OF INDUSTRY AND COMMERCE: Today, we have what we never had before, markets.

Gustavo Leite, Paraguay’s minister of industry and commerce, highlights the elements that are luring foreign investors to his country. His predictions for 2014. With an economic growth rate of 13 percent in 2013, Paraguay has become one of the most interesting places to invest. With a stable legal and macroeconomic environment and a large market [...]

FUTURE: Panama Canal

FUTURE: Panama Canal

The Big Ditch is about to get bigger – and busier. Despite a nasty contract dispute this year that provoked work stoppages and cost overruns, a new, larger set of locks on the Panamá Canal is expected to begin operating in December 2015, according to Jorge Quijano, administrator of the Panamá Canal Authority, known by [...]

FOUNDATIONS – SOCIAL CAUSE ORGANIZATIONS: Measuring social impact, A necessary approach in philanthropy

FOUNDATIONS – SOCIAL CAUSE ORGANIZATIONS: Measuring social impact, A necessary approach in philanthropy

Traditionally, donors had limited information to make difficult giving decisions. New trends in the way social cause organizations measure their impact is now helping donors get more “bang for their buck.” A child’s life in South Africa is saved from malaria, an ex-convict in New York City starts his own small business and never goes [...]

ILLUSTRATION: ©ISTOCKPHOTO.COM/ FMNG

WEF – INNOVATION: Latin America’s innovation agenda

The region faces numerous challenges in deepening its innovative capacity. To begin, there are desperate lags in the fundamental building blocks of an innovative society. Entrepreneurship is the watchword. Two puzzles from the distant year 1900 speak to the current debate on Latin American growth and trade policy. First, if natural resources are intrinsically cursed, [...]

Illustration: ©ISTOCKPHOTO.COM/esenkartal

WEF – HUMAN CAPITAL: Liberating Human Potential

A look at what Latin America must do to face the challenges of developing its talent in the “Human Age.” The issue of human capital is one of Latin America’s most important challenges. According to data from the International Labour Organization (ILO), the rate of youth unemployment in 2013 was 14.5 percent. Paradoxically, the ManPower [...]

WEF – SUSTAINABLE CITIES: Happiness depends on urban design

WEF – SUSTAINABLE CITIES: Happiness depends on urban design

How to plan cities that help make their citizens happy? The formula is very clear. Improving public spaces is never a priority for mayors for the simple reason that this is something of little interest to the people. Security, the condition of the streets and mobility are of more immediate concern to citizens. That’s the [...]

PHOTO: ©ISTOCKPHOTO.COM/ ZIVIANI

WEF – TRADE: Development models or growth tactics?

Import substitution practices shielded Brazil and in general, Latin America, from the effects of the global recession. Now it’s time to rethink trade and openness. Many around the world believed until recently that Latin America – and particularly Brazil – had devised an economic formula assembling high growth and social inclusion. But that magic recipe [...]

Photo: ©iStockPhoto.com/Rawpixel

WEF – ENTREPRENEURSHIP: The making of an entrepreneur

According to research, entrepreneurial success depends not on the wealth of the parents, but on a collection of values and experiences that are acquired early in life. In theory, Latin America is full of entrepreneurs: almost one-quarter of those employed in Argentina aren’t paid a salary, but are owners of their own businesses. In Colombia and [...]