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Valerie Lorena's picture
Also available in: Español

Also available in: Français | العربية

A boat trip from Port Elizabeth to Kingstown, in the Caribbean country of Saint Vincent and the Grenadines, is a one-hour trip that locals take several times a day. It was during one of these journeys that the boat of Kamara Jerome, a young Vincentian fisherman, ran out of gas six miles from Bequia City in what is termed locally as the "Bequia Channel." While waiting for help with strong wind gusts and the sun on his head, the idea of developing a boat that would run with wind and solar energy was born. Soon after, the idea became a prototype; a boat using green technology was on the water making 20-year-old Jerome a winner of international innovation competitions and a role model to other Caribbean youth. 
In Mexico, young engineer Daniel Gomez runs a multimillion bio-diesel company originally conceived as a research project for his high school chemistry class. Gomez and his partners - Guillermo Colunga, Antonio Lopez, and Mauricio Pareja - founded SOLBEN (Solutions in bio-energy in Spanish) in their early twenties. 
Although Daniel and Kamara have different educational backgrounds, they do share one important skill, the ability to identify a problem, develop an innovative solution, and take it to the market. In other words, being an entrepreneur, an alternative to be economically active, that seems to work and not only for a few.

Latin America’s growth prospects: Made in China?

Tatiana Didier's picture

Latin America's Growth prospects:Made in China?

Global turmoil. Growing prospects of another recession. Crisis in the Eurozone. China’s role as a global growth and recovery engine thrown into question.

The current situation looks worrying enough as it is for Latin America –and the rest of the world for that matter- but the region’s growth prospects should be looked at beyond the current juncture and on the merits of its long-term strengths.
Here’s why. The last ten years or so have been very good for many countries in Latin America and the Caribbean. They have witnessed the consolidation of a stable and resilient
macro-financial framework, relatively high growth rates, and advances in the equity agenda.

This new economic face of the region was perhaps most clearly portrayed by a rather robust performance, especially of South American countries, in the context of the recent global crisis. In effect, compared to the middle-income country average, the region’s recession in 2009 was relatively short-lived and, with the notable exception of Mexico, remarkably mild, which helped to make its recovery in 2010-2011 stronger.