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Nicaragua

Rio + 20, Latin America and the World Bank

Ede Ijjasz-Vasquez's picture

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Latin America will attend the Rio+20 conferences safe in the knowledge that they have done a good job over the past few years, but with the shared international need to keep pushing for environmental policies which will help create a more sustainable world.

The region is home to examples of world-class innovative projects, but also faces far-reaching challenges for the future in terms of green growth. The decisions that we take today will shape development for the next 20 or 30 years, according to this video blog from Ede Ijjasz-Vasquez, Director for Sustainable Development for Latin America and the Caribbean. 

 

Exporting is easy; the challenge is making it sustainable

In 2009, an EU-based chemical manufacturer opened a plant inside one of FYR Macedonia’s recently-established special economic zones. The plant began production of catalysts, a type of emissions-control component used in automobiles. Two years later, this investment drove chemical products to the third-highest spot on Macedonia’s export list, lessening the country’s reliance on metals and textiles.

In Nicaragua, low labor costs and high security compared to its neighbors have led zonas francas to expand dramatically, attracting producers of electronic wires and medical devices and expanding the country’s exports beyond an already-strong apparel sector. Between 2006 and 2008, for example, ignition wiring sets for vehicles were the country’s fourth biggest export.

These two examples demonstrate a new trend in small economies. Increasingly, as global value chains grow in importance,