Latin American small businesses: conquering the global market!

At the International Trade Center (ITC), where I am Executive Director, we are working to improve competitiveness in the small and medium-sized businesses of developing countries, and we’re helping them in the processes of internationalizing. Our research shows that Latin American countries have been slower than their Asian counterparts at getting into other markets. I recently took part in the World Economic Forum for Latin America in Buenos Aires, and took the opportunity to exchange opinions with authorities and businessmen about the challenges facing the region, its economy, and the challenges of encouraging growth and investment, especially for small businesses. Our conversations confirm our previous findings: despite having millions of small businesses, Latin America is one part of the world […]

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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 […]