A new way towards a formal economy in Latin America

Nearly 140 million Latin Americans, 55 percent of the total working population, are employed in the informal economy. Per World Economic Forum statistics, 241 million Latin Americans do not have access to social protection, yet another cost of informality. What to do with the informal economy? and what to do with the new threat to job creation posed by Artificial Intelligence? Latin Trade asked Matthew A. Swift, Co-Founder, Chairman & CEO of Concordia, a nonprofit, nonpartisan organization dedicated to fostering, elevating, and sustaining cross-sector partnerships for social impact. What are the best tools to foster growth and economic development in Latin America? I think there are a couple of models to look at within that space. I think, first and […]

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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 […]