Innovation is the key to sustainable development in Latin America and the Caribbean

Monday, November 8, 2010 - 03:00
The countries of Latin America and the Caribbean are making comparatively low investments in research and development, and the region’s private sector is also comparatively under-represented in R&D spending, according to a new study by the Inter-American Development Bank. Through a comparative analysis of R&D investments in developed countries, the study, entitled “The need to innovate,” concludes that companies in Latin America and the Caribbean have favored technology procurement strategies instead of promote endogenous generation of technology and new ideas.

Ministers call for more financial and institutional support for culture industries in Latin America and the Caribbean

Tuesday, October 19, 2010 - 03:00
Cultural industries are one of the fastest-growing sectors of the global economy, expanding at a projected rate of 8-10 percent over the coming decade. What does that mean for Latin America and the Caribbean?   The region has rich cultural heritage and dynamic cultural industries which continue to grow. But are countries doing enough to exploit the social and economic potential of the creative sector for development?

IDB study looks at export agency effectiveness

Thursday, October 14, 2010 - 03:00
Latin American and Caribbean export agencies have succeeded in supporting the diversification and expansion of exports but could be more effective, a new study by the Inter-American Development Bank shows.

Natural disaster risks remain high in Latin American and the Caribbean, IDB says

Thursday, September 30, 2010 - 03:00
Latin America and the Caribbean face potentially crippling economic and social costs from natural disasters and needs to do more to reduce risks and prepare government finances to respond to eventual catastrophes, according to a new set of indicators by the Inter-American Development Bank (IDB).

Young Agents of Change

Thursday, August 12, 2010 - 03:00
When Rodrigo Hucke-Gaete, a Chilean, was in his twenties, he decided to protect the blue whale, this magnificent and endangered marine mammal. With the support of other young people, the marine biologist began a struggle that continues today to ensure that the Chilean government declared the coastal waters south of the country a protected area. "Things are changing", says a satisfied Hucke-Gaete.

IDB study suggests large natural disasters unlikely to affect long-term growth

Friday, June 18, 2010 - 03:00
Large natural disasters are unlikely to affect long-term economic growth unless they are followed by a radical disruption in the institutional organization of society, a new study by the Inter-American Development Bank (IDB) suggests. The study, which analyses the impact of large natural disasters, sheds new light on whether these occurrences hurt long run economic growth. Current economic theories do not offer a clear answer.

An economy with a split personality

Friday, August 1, 1997 - 03:00
Chile occupies a relatively high position in the annual rankings on economic competitiveness issued by international think tanks. But when the country's performance in these indexes is broken down into its constituent parts, Chile shows a stunning dichotomy.

World-class hospital

Sunday, June 1, 1997 - 03:00
Southern Chile's legendary earthquake of 1960 killed hundreds of people and damaged countless buildings, including the Regional Hospital of Valdivia, where the three top floors of the eight-story building had to be closed. Today, a state-of-the-art hospital has finally replaced temporary facilities that were built in the aftermath of the earthquake. The new hospital was one of four in northern, central and southern Chile built partly with funds from a $70 million IDB health services loan approved in 1991.