Latin American Economy & Business - October 2016 (ISSN 1741-7430)

The countries of Latin America and the Caribbean (LAC) are beginning to emerge from two years of negative or subdued growth. An export-led recovery is in prospect. But much will depend on what kind of exports are pursued, and on whether the first signs currently emerging of a global shift to more protectionist policies develop further. According to a new World Bank report entitled ‘The big switch: restoring growth through trade’, countries that are able to develop higher-value added exports are likely to perform better.