Latin American Economic Outlook 2014

Logistics and Competitiveness for Development

image of Latin American Economic Outlook 2014

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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Productivity, structural change and diversification of production in Latin America

OECD Development Centre

Development involves economic, social and political changes. Within this process, productivity and change in the production structure are closely related to other areas of the economy and society. For technology and income per capita to converge, countries must move towards more diversified, more complex production structures with more technology and knowledge so they can make progress in improving their productivity and reducing their structural heterogeneity. Endogenous capacity-building and reducing economic and social gaps go hand in hand and require the appropriate public policies. Industrial, technological and capacity-building policies are therefore necessary to achieve these objectives. Consequently in Latin American countries, production diversification policies and industrial and innovation policies should play a central role in the new development strategy. The development agenda must prioritise long-term policies geared towards more knowledge-intensive and innovation-intensive production structures in which social and environmental sustainability are priority objectives.

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