ECLAC

HLPF 2024 High-level Side Event: Just transitions towards sustainability: trajectories to accelerate progress towards the Sustainable Development Goals (SDGs) through Food Systems, Energy and Digital Transitions in Latin America and the Caribbean

HLPF 2024 High-level Side Event: Just transitions towards sustainability: trajectories to accelerate progress towards the Sustainable Development Goals (SDGs) through Food Systems, Energy and Digital Transitions in Latin America and the Caribbean Read More »

ECLAC - The digital trade policy environment in Latin America and the Caribbean

The digital trade policy environment in Latin America and the Caribbean

This report presents significant findings from the Regional Digital Trade Integration Index (RDTII), highlighting similarities and differences among the economies of Latin America and the Caribbean. After introducing the Digital Trade Integration database and the methodology used in RDTII, the report outlines the main index scores by country and pillar. Jamaica, with the lowest score of 0.14, has the most open regulatory environment for digital trade in the region, whereas Cuba, with the highest score of 0.62, has a regulatory environment that is quite restrictive. The report also summarizes the findings for each of the 12 pillars of RDTII and offers a snapshot of the regulatory similarity across pillars, highlighting the pillars that offer opportunities for practicable regulatory harmonization in the region. The document concludes with some policy recommendations.

The digital trade policy environment in Latin America and the Caribbean Read More »

ECLAC Digital transformation of SMEs for cross-border trade and e-commerce in the Republic of Korea: insights for Latin America and the Caribbean

Digital transformation of SMEs for cross-border trade and e-commerce in the Republic of Korea: insights for Latin America and the Caribbean

The rapid evolution of digital technologies has reshaped global business, forcing not only large but also small and medium-sized enterprises (SMEs) to embrace digital trade. Nevertheless, many SMEs are struggling to fully implement digital technologies. Against this backdrop, the Republic of Korea has bolstered its support for SMEs, with a focus on human capital development, financing, and research and development. Furthermore, the country has revised its trade regulations and frameworks, placing significant emphasis on digital capacity-building and the alignment of regulations with international standards.

Despite the disparities in digital infrastructure and skills, the experience of the Republic of Korea is a useful model for Latin America and the Caribbean, offering invaluable insights for policymakers, businesses and stakeholders seeking to navigate the evolving digital landscape and facilitate SME growth and internationalization. In addition, deeper collaboration could be pursued between the Republic of Korea and the region, in particular in the realms of expanding and enhancing access to information and communications technologies (ICTs), upskilling the workforce, strengthening data protection and broadening the scope of trade to include digital services.

Digital transformation of SMEs for cross-border trade and e-commerce in the Republic of Korea: insights for Latin America and the Caribbean Read More »

ECLAC - Operational aspects of support programmes for the digital transformation of exporting small and medium-sized enterprises in the Republic of Korea

Operational aspects of support programmes for the digital transformation of exporting small and medium-sized enterprises in the Republic of Korea

Because international trade is essential for the Republic of Korea’s economic growth and development, the government actively promotes exports by large companies and especially by small and medium-sized enterprises (SMEs). Several programmes support participation by SMEs in cross-border e-commerce, which may have contributed to their rapidly rising exports through this channel. This report reviews selected programmes implemented by the Korea SMEs and Startups Agency (KOSME) and the Korea Trade-Investment Promotion Agency (KOTRA). To maximize the programmes’ impact, KOSME and KOTRA apply a circular process of assigning the required budget, selecting the most promising SMEs, coordinating with private sector stakeholders, and evaluating results. This document reviews each of these aspects in detail for a selection of the programmes.

Operational aspects of support programmes for the digital transformation of exporting small and medium-sized enterprises in the Republic of Korea Read More »