Weak trade and investment threaten long-term growth

Trade conflict, weak business investment and persistent political uncertainty are weighing on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest Economic Outlook. World GDP growth is expected to be 2.9% this year – its lowest annual rate since the financial crisis – and remain at 2.9%-3.0% in 2020…

ECLAC Calls for Breaking Statistical Silences and Seeking More and Better Data to Move Towards Sustainable Development with Equality

The United Nations regional commission’s Executive Secretary, Alicia Bárcena, and the Director of Chile’s National Institute of Statistics, Guillermo Patillo, inaugurated the Tenth Meeting of the Statistical Conference of the Americas today in Santiago.   The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, urged the region’s countries…

The IMD World Talent Ranking 2019 results

The IMD World Talent Ranking scores countries across three factors of investment and development, readiness and appeal. Cultivating, attracting and retaining a skilled workforce is crucial to strengthen competitiveness and achieve long-term prosperity, particularly in the current dynamic landscape where artificial intelligence, robotics and other new technologies constantly redefine the challenges that governments, businesses and society…

IDB study diagnoses Investment Promotion agencies in Latin America

Resources, presence overseas and the level of targeting of Investment Promotion Agencies (IPAs) contribute considerably to attracting greater volumes of foreign direct investment and to bringing multinational companies to their respective countries, according to a study by the Inter-American Development Bank. Foreign direct investment (FDI) is a key driver of economic development. Despite drops in…

Trade Integration as a Pathway to Development

The Latin America and Caribbean (LAC) region has entered a new phase of weak economic performance, but increased integration in international trade and global value chains could reinvigorate economic growth. Steps toward greater trade integration include the United States Mexico Canada (USMCA) and the EU-Mercosur agreements signed in the last year. Both could have substantial…

China and Latin America and the Caribbean Seek to Deepen Their Economic and Commercial Cooperation

With senior authorities from the government of China in attendance, along with representatives of international and regional organizations, development banks and the public and private sectors, experts, academics and diplomats, the Second High-Level China-Latin America Investment and Cooperation Forum took place today at the headquarters of the Economic Commission for Latin America and the Caribbean…

5 trends in the global economy – – and their implications for economic policymakers

The Global Competitiveness Report 2019 is a much-needed economic compass, building on 40 years of experience of benchmarking the drivers of long-term competitiveness and integrating the latest learnings about the factors of future productivity. The Global Competitiveness Index 4.0 is organized into 12 pillars: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial…