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dc.titleSeizing the Market Opportunity of the Growing Latino and Caribbean Community in the United States
dc.contributor.authorDeMetri, Olga
dc.contributor.authorMoreno, Samuel
dc.contributor.authorFunes, Gerardo
dc.contributor.orgunitProductivity, Trade and Innovation Sector
dc.coverageUnited States
dc.coverageLatin America and the Caribbean
dc.date.available2023-10-17T00:10:00
dc.date.issue2023-10-17T00:10:00
dc.description.abstractThis study examines the transformative influence of the rapidly growing Latino and Caribbean community in the United States, both as a demographic and an economic powerhouse. Accounting for nearly one in five U.S. residents, this community is reshaping the nation's social, economic, and cultural landscapes. In 2019 alone, the economic output of Latinos in the U.S. was $2.7 trillion, marking them as a global economic force. The report highlights the community's role in enhancing trade and economic relations with Latin America and the Caribbean (LAC), including its influence on foreign direct investment (FDI) and diaspora direct investment (DDI). Remittances to LAC countries remain strong, further solidifying economic ties. Culturally and politically, the Latino and Caribbean community is becoming mainstream in the U.S., as evidenced by its growing impact on music, food, and voter participation. The study includes case studies from Houston, Los Angeles, Miami, and New York to underline the community's diverse contributions across various sectors. In summary, the Latino and Caribbean community is not just growing in numbers but is a formidable force that is shaping the U.S. and strengthening its international ties with LAC. This growth presents numerous opportunities for both domestic and international economic and cultural collaborations.
dc.format.extent100
dc.identifier.doihttp://dx.doi.org/10.18235/0005199
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Seizing-the-Market-Opportunity-of-the-Growing-Latino-and-Caribbean-Community-in-the-United-States.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectMigrant
dc.subjectProductive and Capital Market Development
dc.subjectEconomy
dc.subjectIntegration and Trade
dc.subjectLabor Force
dc.subjectWorld Economy
dc.subjectRemittance
dc.subjectForeign Direct Investment
dc.subject.jelcodeF02 - International Economic Order and Integration
dc.subject.jelcodeF1 - Trade
dc.subject.jelcodeF2 - International Factor Movements and International Business
dc.subject.jelcodeF15 - Economic Integration
dc.subject.jelcodeF21 - International Investment • Long-Term Capital Movements
dc.subject.jelcodeF22 - International Migration
dc.subject.jelcodeF23 - Multinational Firms • International Business
dc.subject.jelcodeF24 - Remittances
dc.subject.jelcodeO19 - International Linkages to Development • Role of International Organizations
dc.subject.jelcodeZ1 - Cultural Economics • Economic Sociology • Economic Anthropology
dc.subject.keywordsLatin America;Caribbean;United States;Foreign Direct Investment;Diaspora Direct Investment;entrepreneurship;economics;Cultural Economics;Demographics;Ecommerce;digital technology;Latin Consuming Power;Latin America Venture Capital;remittances
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-02827
idb.operationBK-C1201
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