Latin American Economic Outlook 2014
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Latin American Economic Outlook 2014

Logistics and Competitiveness for Development

Latin American economies continue to present relatively stable growth but continued uncertainty with regards to the duration of the commodity boom could pose threats to medium-term growth and economic development. Latin American countries face increasing competition from emerging economies across the globe particularly in manufacturing sectors. In this context of shifting wealth, it is increasingly important to foster competitiveness and connectivity.

Improving logistics performance is particularly important as it directly impacts growth, productivity, and trade within the region and beyond. The region’s productive structure with significant concentration in natural resource and agriculture augment the importance of logistics in fostering competitiveness. Nevertheless, logistics performance in the region faces serious gaps particularly in the areas of customs performance and the availability of infrastructure. Improving these aspects will entail more and better investment in infrastructure, as well as making the most of existing infrastructure by putting in place efficient trade facilitation measures and efficient and appropriate regulatory frameworks.

Coverage is provided for Argentina, Brazil, Bolivia, Chile, Columbia, Cuba, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatamala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.

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Author(s):
OECD

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Over the course of the last decade, Latin America’s economic expansion was accompanied by significant progress in poverty reduction. Between 2003 and 2012, the region grew at an average annual rate of 4.0%, in spite of the contraction brought about by the international financial crisis (2008-09). This growth was primarily driven by favourable international conditions, marked by the rapid growth of world trade and increasing commodity prices, resulting in positive terms of trade impacts for the region.

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