The structure of the world economy has changed substantially in recent years and continues to do so. This changing economic panorama has sparked a decade of evolving trade models, according to Trade and Integration Monitor 2013, a publication of INTrade, which is a system of information from the Inter-American Development Bank on trade and integration. [...]
It has become increasingly obvious since the financial crisis that the emerging markets have acquired greater dynamism and greater prosperity. However, the vast majority of the world’s largest companies are still based in the developed economies. This situation is about to change, according to a new study by McKinsey Global Institute (MGI). It predicts that [...]
According to Game Changers: Five opportunities for US growth and renewal, a report published by McKinsey Global Institute (MGI), growth in the United States over the next 10 years will come from five sectors: energy, trade, technology, infrastructure and talent. The latter two sectors will be important sources of growth until 2030. Latin America has [...]
The Inter-American Development Bank (IDB) has published the study Is Entrepreneurship a Channel of Social Mobility in Latin America? in which its authors, Francesca Castellani and Eduardo Lora, find that entrepreneurship doesn’t occur among people by chance. In fact, the evidence shows that entrepreneurs are found more frequently among higher-income groups who have more probability [...]
By the year 2030, half of the world’s capital stock will be in developing countries. This is suggested in Capital for the Future: Saving and Investment in an Interdependent World, from the World Bank, which studies different investment and savings scenarios for the next 20 years. Global capital stock will move to the developing world [...]
“The most important reforms that need to take place in order to achieve sustainable and inclusive development in Latin America and the Caribbean, are those in the financial and taxing systems of the region.” This is the opening line of More than Revenue, a book that was recently published by the Inter-American Development Bank (IDB). [...]
Which country will be damaged most if the price of basic goods falls? In its 2013 macroeconomic report on Latin America and the Caribbean, the Inter-American Development Bank estimates the impact on incomes as a potential percentage of gross domestic product for Latin American countries in the event of a 25 percent reduction in the [...]
Chile and Brazil are the countries most inclined to make alliances with private sector groups. Argentina and Venezuela are the least interested. In assessing the environment for public-private projects in Latin America and the Caribbean, it was found that the lack of infrastructure in Latin America and the Caribbean continues to be at the top [...]
Latin America is seen as the emerging region most affected by obesity, a trend that will only get worse in the years ahead. Being overweight and being obese have evolved into a global epidemic. Despite high and volatile food prices, Latin America, surprisingly, has not escaped this reality. According to the latest report of the [...]
The financial depth indicators in Latin America show stagnant financing. According to Financial Globalization, a report on global capital markets published by the McKinsey Global Institute, the growth of financial assets has stalled as a result of deleveraging by the banks and their customers in the years following the economic crisis. The news is even [...]
The report on human development shows that the region is the world’s most unequal. The latest edition of the Report on Human Development of the United Nations Development Program is titled “The ascent of the South.” This year, it shows that in the last 10 years all countries improved their achievements in education, health and [...]
According to the latest “Latin American commerce trends estimates 2012”, based on INTradeBID data on international trade from the Inter-American Development Bank, Latin American exports significantly dropped last year. Some countries even showed negative growth during the second half of the year. This explains the 1.5 percent growth in exports during the whole of 2012, [...]
On December 13, 2012, Latin America received its symbolic tourist number one billion, a Brazilian lady entering Argentina where she was greeted by a special welcoming committee. That billion figure means one out of seven people crossed the borders of their country in just one year, 2012. Amazing! Also note, that in 1950, the registered [...]
It’s a good time for regional companies to pursue a public equity offering. There is a general consensus among North American and European investors that, despite significant macroeconomic headwinds in Europe and China, Latin America is a region with steadfast domestic markets and attractively valued companies with significant growth potential. Also, the consumer goods and [...]
The youngest are in Europe and South America, the biggest earners are in North America and, once again, the ones left behind are the women –in terms of the jobs they hold and the pay they receive. These are some of the results to come out of a survey carried out by Michael Page among [...]
Multilatin companies had a 5.9% drop in revenue from June 2011 to June 2012. This is the main result that emerges from the analysis of the quarterly Latin Business Chronicle Multilatinas Index. The figure confirms the weakening of economic activity that has been anticipated by most economic analysts, but the Index also shows that clearly [...]
One way to reduce income inequality permanently and increase productivity in Latin American economies is to improve access to education of the entire population. This has been recognized by businessmen in the region, who have focused much of their effort toward achieving this goal through corporate social responsibility programs. The latest study by Unesco and [...]
GDP is larger than some Latin American countries Bogotá concentrates 63 per cent of holdings and companies in Colombia, that means 1,361 multinational corporations. It is the 6th tourist destination in Latin America. With a GDP of $70.3 billion in 2011,it concentrates 27% of Colombian economic activity. Its 7.4 million population has an income per [...]
The World Intellectual Property Organization (WIPO) has been measuring innovation, one of the pillars of growth and development for a company and for a nation, since 2007. It uses a complicated index that takes into account 84 factors. Latin America placed fifth among seven regions of the world on the index. This is nothing [...]
The appointment of Maria das Graças Foster to the top job at Brazilian oil giant Petrobras, Latin America’s largest company, is seen as a major milestone for businesswomen in the region. “Maria das Graças Foster has become the most important role model for aspiring young women in the corporate world in Latin America,” says Susan [...]
Pulling back from last year’s pre-launch hype, traders remain cautiously upbeat about the 2012 outlook for MILA, the integrated Mercado Integrado Latino-Americano, which in May 2011 linked the Colombian, Chilean and Peruvian stock exchanges. One of the most upbeat analysts is Bulltick Capital Market’s head of research, Alberto Bernal-Leon. He estimates that, separately, MILA’s three [...]
When General Orlando Salazar retired from his military position nearly a decade ago and became general manager of what then was the InterContinental Tequendama, the norms for security at five-star hotels in Colombia’s capital were decidedly more intense. “Ten years ago, we had to have three layers of security,” Salazar recalled. Arriving guests had to [...]
What makes an advertisement a hit tends to be emotion or humor. What makes an advertisement “good” is a never-ending discussion among advertisers. It isn’t the awards at festivals or the pre-and post-campaign sales, or academic criteria that provide a scale that fairly measures the quality of a piece of advertising. But when an ad [...]
How Latin America excels globally. Latin America is shining globally, not only in terms of economic growth, but also in several other areas, Raul Rivera points out in his book Nuestra Hora (Pearson). Brazil’s dimensions are comparable to that of the United States, while Argentina’s are equivalent to those of India. Meanwhile, Latin America’s population [...]
Mexico Opens Up Its Market. Mexico’s shoe sector is bracing for a tough 2012 after the country in December implemented long-awaited rules easing imports from China as part of World Trade Organization agreements. Other sectors, like clothing and toys, also expect to be impacted by stronger competition from lower-priced Chinese goods. The winners? Mexican consumers. [...]
What the Brazilian billionaire, Latin America’s second-wealthiest man, keeps close to his heart.
Jeremy Browne, the U.K. Minister of State for Latin America, is bullish these days.
A makeover, akin to those of Barcelona and Buenos Aires, aims to transform a rundown district.
Porsche is zipping along in Latin America, a region where the luxury carmaker has dramatically grown over the past decade.