Global economy

Guest blog: Is Latin America facing unusually high risks? An economic analysis and its consequences

Recent macroeconomic woes affecting the developed world are likely to spill over to emerging markets, especially more financially vulnerable and politically unstable Latin America, currently facing a resurgence in left-wing nationalistic movements. The Latin American left-wing has often aimed at increasing the dominance of state-owned enterprises in the economy, adopting stronger regulation and stringent control on foreign investment, all of which could lead to contract breaches and increase in litigation over disputes in regulated industries such as oil & gas, utilities, and mining.

ICC celebrates over 50 years of engagement in UN environment discussion

Currently underway in the Swedish capital, Stockholm+50 commemorates the 50th anniversary of the United Nations (UN) Conference on the Human Environment, held in 1972 – which made the environment a pressing global issue for the first time. Aiming to drive action towards a healthy planet for the prosperity of all, the meeting brings leaders and representatives from governments, businesses, international organisations, civil society and youth together.

ICC calls for tailored financial support to Save Our SMEs

ICC – the institutional representative of over 45 million businesses – has called for action to tailor financial support measures to the needs of micro-, small- and medium-sized enterprises (MSMEs) in the context of the COVID-19 pandemic.