Latin America Needs an Open, Prosperous Digital Single Market – Robert D. Atkinson, President, ITIF

One reason China and the United States have had considerable success in the digital economy is that their large internal markets allow domestic firms using digital technologies to achieve needed economies of scale. A year or two after founding, a Chinese or American digital firm is likely to have vastly more customers than a similarly situated European or Latin American startup. Recognizing this, the European Union has worked to harmonize its laws and regulations to create a more integrated digital market. Over the next year, Pacific Alliance partners Chile, Colombia, Mexico, and Peru are uniquely placed to lead regional efforts to build a Latin American digital single market—a common set of rules for digital trade that would facilitate commerce among […]

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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 […]