Le blog du CEPII
Trade & Globalization

Latin America : Investing in infrastructure is key to achieve long term sustained growth

Trade & Globalization | Competitiveness & Growth | Emerging Countries 
PostJune 27, 2017
By Camilo Umana Dajud
The sharp drop in commodity prices has had a sizeable impact on Latin America's short term growth prospects. The decline in terms of trade has also revealed, once again, the low productivity of the region's economies. Investing in infrastructure could help Latin America simultaneously address these short and long term challenges.






How Multi-Destination Firms Shape the Effect of Exchange Rate Volatility on Trade

Trade & Globalization | Money & Finance 
PostJune 14, 2016
By Jérôme Héricourt, Clément Nedoncelle
The idea that exchange rate volatility could be detrimental to international trade is widely accepted. Surprisingly, macroeconomic evidence on its impact on trade yields either small or insignificant effect on aggregate outcomes. This column suggests that the behavior of big, multi-destination firms help explain this puzzle.




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