Home / Knowledge / News / Textiles / Latin America at Risk, reports WEF

Latin America at Risk, reports WEF

19
Apr '07
The World Economic Forum (WEF) released its Latin America at Risk report. Produced by the Forum's Global Risk Network, the report emphasizes the uncertainty surrounding external economic shocks, global climate change, political instability and social inequality, and its effect on regional growth and welfare.

The report notes the increasing strength and robustness of Latin America's economies, while exploring the key economic, environmental, geopolitical and societal issues that put that progress at risk. While all four of these issues emerge from the broader global risk environment, the regional manifestations present particular challenges for governments, industry and civil society throughout Latin America.

“Global risks play out uniquely in Latin America, but also differently across the region, which is incredibly diverse,” notes the Global Risk Network's Gareth Shepherd, co-author of the report. “But these four issues – social inequality, political instability, economic vulnerability and climate change – are on the radar of all of the region's strategic thinkers.”

The report argues that Latin American economies are much less vulnerable to sudden disruption than they have been in past decades, thanks primarily to improved fiscal positions. But with much incremental growth arising from commodity exports, global risks such as a hard landing of the Chinese economy or rising protectionism from the United States create new challenges for the region. Fiscal discipline and counter-cyclical policies must be strengthened to build the region's “margin of safety”.


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search