Wednesday, 18 December 2013

LatinTrade: Growth Opportunities in the United States over next 10 years.

According to Game Changers: Five opportunities for US growth and renewal, a report published by McKinsey Global Institute (MGI), growth in the United States over the next 10 years will come from five sectors: energy, trade, technology, infrastructure and talent. The latter two sectors will be important sources of growth until 2030. Latin America has enormous opportunities in some of the five catalysts identified by the global consultant, mainly in trade, infrastructure and energy, given that, in addition to favoring trade with the United States, the region could increase the investment of its multinationals by having a presence in these sectors there. To identify the catalysts, MGI looked for developments that are at the point of achieving scale, as well as areas with an immediate opportunity for action. The catalysts could have an effect on the demand from stimuli that the economy will receive in the short run and could also have longer-term effects which favor American competitiveness and productivity. If we are to take seriously the recommendations of the report, we would be close to a takeoff point for the American economy that Latin America could capitalize on.

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