ABD’s work is organized into 10 thematic working groups that address the key issues for economic growth and development of the Americas. They analyze challenges and opportunities in the region and formulate public policy recommendations, along with initiatives for their implementation.
The 42 recommendations contained in the Report “Action for Growth: Policy Recommendations and Action Plan 2018-2021 for growth in the Americas” are divided into five strategic themes.
Both the public and private sectors play a determining role in building a transparent economy that enables sustained growth.
ABD’s recommendations seek not only work to curtail corruption, but also support a regulatory environment that protects both businesses and consumers, while encouraging.
The ABD is committed to supporting governments and the private sector in their actions to promote transparency and integrity, to help create greater regulatory coherence to strengthen anti-corruption efforts and help spur economic growth in the region.
Internet adoption presents tremendous opportunities for social and financial inclusion, digital services, and trade and economic growth in new and innovative ways. The digital economy and e-commerce also present valuable opportunities to micro, small and medium enterprises (MSMEs) in the region, opening new and different markets to these businesses and, in turn, generating growth opportunities.
ABD’s recommendations seek to increase regional competitiveness through digitization and to strengthen the region’s financial markets while fostering transparency.
Improvements to trade efficiency and logistics infrastructure (physical and digital) represent economic growth opportunities for the Americas.
ABD’s supports greater efficiency and the modernization of infrastructure in order leading to higher levels of regional integration and economic growth. At the same time, it promotes trade facilitation initiatives and optimization of customs procedures in order to make trade processes more efficient and profitable.
The rich natural resource base in the Americas (including renewables like wind, water and solar energy, as well as non-renewables like mineral and petroleum) offer great potential to meet global energy, food security, and extractive industry needs in a sustainable fashion. Not only are there opportunities to take the lead in solving these global issues, but there are also significant economic gains to be had.
ABD seeks to propose methods for responsibly and transparently harnessing regional resources; resources that range from arable land, to minerals, to renewable resources, while promoting integration and sustainable growth. Harnessing these resources will help the region increase its security, resiliency, competitiveness, and economic growth in the years to come.
LAC invests approximately 0.7% of its gross domestic product (GDP) in research and development (R&D), while the world averages approximately 1.7% and North America and Western Europe lead R&D investment at 2.4% of GDP.
Creating a business climate that promotes investment in innovation is a key component to increase competitiveness in the global economy. However, to sustain innovation in our hemisphere over time, a qualified workforce trained with the appropriate skills for the jobs of the future is necessary.
ABD seeks to promote innovation as a long-term strategy, as well as policies that support workforce development focused on the skill sets necessary in the job market.