A huge truth about innovation

Better managers and a long-term vision are necessary to improve the capacity for innovation and productivity in Latin America: William Maloney, World Bank. Mexico and South Korea began assembling electronic equipment in the eighties. Today the Asian country has a company that produces smartphones, and Mexico doesn’t. “We have to understand why some countries find the way to develop an industry while others do not. We’re dealing with innovative capacity,” said William Maloney, chief economist for equitable growth, finance and institutions at the World Bank. Constantly “putting out fires” lowers the capacity of most governments in Latin America to reflect and to develop a long-term vision, and this affects their productivity, he said. This is related not only to a […]


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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]