In recent years, economic opportunities have become the main force driving relationships in the Western Hemisphere. While political cooperation has stumbled, robust trade and financial engagement have been shown to be the best foundation for stronger partnerships between the countries of the region. But Latin American nations face enormous challenges in strengthening their international competitiveness, assuring their position in global finance and trade flows, and achieving equitable growth.
The Inter-American Dialogue seeks to encourage further economic integration and cooperation by building a better understanding of the major trends affecting trade, foreign investment, and economic development in the Americas.
Nostalgic trade tops $4 billion annually in the US (...) Guatemalans alone have gone from less than 1 million in 2009 to more than 2.5 million today. This nostalgic trade is a way to nurture your identity. What’s happening with Guatemalans shows just how spread out they are: not just major cities, but suburbs and rural areas, too.
There are efforts to try to increase and incentivize US investment in Latin America and the Caribbean now. The problem is that a lot of these initiatives are private-sector-led, and in a moment in time when the investment environments aren’t necessarily improving in Latin America, it’s very difficult to generate that interest.