By Beatrice E. Rangel
Lured by the miraculous growth of emerging markets over the past two decades, many investment bankers are getting ready for a new wave of Trans-Pacific related trade deals.
They might be headed towards a big surprise as the stubborn world economy is giving signs of an impending shift in its growth sources, however.
The tech revolution of the second half of the past century did not leave a single aspect of modern life untouched.
Information, communications and transportation transformed consumption, production, leisure and entertainment into a worldwide supply chain that links households, shops, manufacturing plants and destinations.
Trade built the global edifice on top of the urban society without pausing to ponder the adaptability and adequacy of its structures to the new economic tasks. And over time they proved to be inadequate.
Financial bubbles bursts provided a dramatic revelation of existing mismatches between the sources of economic growth and the public policies created to promote them.
Dysfunctionality between job creation and skills is bringing student loan debt to about 11% of U.S. GDP. Job enrichment is prevented by regulatory and taxation burdens. And the population is beginning to show signs of losing patience with traditional politics both in the U.S. as well as in the rest of the Americas.
In Latin America the search for a way out of the development trap led many countries to try once again the populist formula.
In the U.S. the entrance of Donald Trump into the center of politics is part of this same civic reaction. Because just as after many remodeling and addition exercises a house needs to retool its circuits, the world economy is demanding such an exercise to better serve the cause of progress.
Retooling demands better and more adequate infrastructure and the rethinking of urban settlements and transportation both public as well as private.
This demands a change in focus from matching worldwide supply chains to matching civic needs with resources in the interest of enhanced productivity.
And this essentially is a domestic task.
Add to this circumstance the fact that retooling in manufacturing demands enhanced penetration of robotics and well-trained labor to build the robots and you will realize that training will most certainly take over education in private and public budgets.
Training is not only local but economic sector and task specific to realize this fundamental activity will not depend on any global network.
Robotic enhanced manufacturing and infrastructure rebooting will shorten the supply chain. Less countries will need to be involved in a given production exercise and more local resources would need to be engaged.
In the U.S. and Canada case it seems to be relatively clear that Mexico would be the robotic workshop while their industries would concentrate in software development and infrastructure building.
Same process could emerge from the free exchanges of the Mercosur economies. But it remains to be seen whether member nations will ever give up protectionism and corporativism.
Finally additive manufacturing or 3-D printing will also create opportunities to turn any creative exercise into a local task by virtue of reducing the costs of production. All these trends are opening the doors to an Age of Housekeeping in the Americas and the world.Beatrice Rangel is President & CEO of the AMLA Consulting Group, which provides growth and partnership opportunities in US and Hispanic markets. AMLA identifies the best potential partner for businesses which are eager to exploit the growing buying power of the US Hispanic market and for US Corporations seeking to find investment partners in Latin America. Previously, she was Chief of Staff for Venezuela President Carlos Andres Perez as well as Chief Strategist for the Cisneros Group of Companies.
For her work throughout Latin America, Rangel has been honored with the Order of Merit of May from Argentina, the Condor of the Andes Order from Bolivia, the Bernardo O'Higgins Order by Chile, the Order of Boyaca from Colombia, and the National Order of Jose Matías Delgado from El Salvador.
You can follow her on twitter @BEPA2009 or contact her directly at BRangel@amlaconsulting.com.
Also by Beatrice Rangel in her Latin America from 35,000 Feet seriesBeatrice Rangel: On Dialogue and the Rules of Geopolitics in Latin America
Beatrice Rangel: The Ides of Wisdom in Venezuela
Beatrice Rangel: On the Discreet Charm of Populism
Beatrice Rangel: Three Ladies in Distress
Beatrice Rangel: Trump, Lula, Kirchner and the Last Tupi-Guaranis
Beatrice Rangel: Time for Departures in the Americas
Beatrice Rangel: A Contrarian View on the Panama Papers
Beatrice Rangel: Brazil's Lady in Her Labyrinth
Beatrice Rangel: Back to a Divided Home!!!
Beatrice Rangel: A Historical Take-Off in the Americas??
Beatrice Rangel: A Skipped Journey, a Reaffirmation and a Clearing of Path in the Americas
Beatrice Rangel: The Demise of Civility in the Americas!!
Beatrice Rangel: The Americas from Boutros Boutros-Ghali to Ban Ki Moon
Beatrice Rangel: The Pope's Difficult Stopover in the Americas
Beatrice Rangel: Farewell to The “Diplomacy of Reason”
Beatrice Rangel: 2 Diseases in Latin America -- Different Prescriptions, Very Different Outcomes
Beatrice Rangel: On Health Alerts and the Long Arm of Justice in the Americas
Beatrice Rangel: When Crime Meets Glory
Beatrice Rangel: Playing Hansel and Gretel in the Americas
Beatrice Rangel: Good News/Bad News Starts The Monkey Leap Year
Beatrice Rangel: The Gifts of Christmas!!!!!!
Beatrice Rangel: Crying Wolf in Venezuela
Beatrice Rangel: A 21st Century Tale of Two Cities
Beatrice Rangel: Are the Americas Ready for President Trump?
Beatrice Rangel: On Predictions of War & Global Confusion
Beatrice Rangel: Paris and the Return of Fear
Beatrice Rangel: Marijuana & Latin America's Next Trade Corridor
Beatrice Rangel: Of Burning Airplanes & Argentinean Tsunamis
Beatrice Rangel: The Good, the Bad, and the Ugly in the Americas!!
Beatrice Rangel: Buena Vista's Magic Covers the Americas
Beatrice Rangel: Pride and Perjury in the Americas
Beatrice Rangel: Trompe L’oeils Proliferate in the Americas
Beatrice Rangel: The Economic Consequences of Peace in Latin America
Beatrice Rangel: Colombia, the FARC & the Makings of Gangland in Latin America
Beatrice Rangel: When Extreme Weather Meets Extreme Politics Calamities are Bound to Happen
Beatrice Rangel: When Ladies Hit 70
Beatrice Rangel: About Uninformed Elites and Gullible Leaders
Beatrice Rangel: On US-Engineered Soft Landings in Cuba and Venezuela
Beatrice Rangel: On the Many Ways Cecil Matters
Beatrice Rangel: Blue Moons Lead to Extraordinary Happenings in the Americas
Beatrice Rangel: On Why Embassy Openings Do Not Necessarily Herald Different Policies
Beatrice Rangel: When Jupiter meets Venus
Beatrice Rangel: When Markets and Manners Crash
Beatrice Rangel: From Grexit to Exit, Contagion is in the Air
Beatrice Rangel: An Infuriated God & An Environmental Crusader Mark the Summer Solstice
Beatrice Rangel: Between Ionesco & the Falklands Syndrome
Beatrice Rangel: The Ugly Americas
Beatrice Rangel: How FIFA Corrupted the Beautiful Game in the Americas and World
Beatrice Rangel: Could the US RICO Act Be Applied to Latin America?
Beatrice Rangel: On the Discreet Charm of Commodities for Latin America
Beatrice Rangel: The End of the Chinese Free Lunch in the Americas!!
Beatrice Rangel: The Crooked Twig of Democracy in the Americas
Beatrice Rangel: Of a White Knight for Three Latin American Ladies in Distress
Beatrice Rangel: Withdrawal Symptoms?
Beatrice Rangel: The Un-Mannered Summit
Beatrice Rangel: Easter Miracles in Latin America and the World
Beatrice Rangel: Two Islands, Two Legacies & One Challenge - Modernity
Beatrice Rangel: Killing Me Softly -- the Obama Administration’s Legacy in Latin America
Beatrice Rangel: Of Upcoming Dynasties and Exhausted Ideas in Latin America
Beatrice Rangel: Of Thunderous Silences, Quiet Noises and Flash Backs in Latin America
Beatrice Rangel: Latin America's Dangerous Exports to Europe & the Demise of an Old Fox
Beatrice Rangel: Of Sweet Deals, Sugar Daddies, Direct Mail & Obama’s Care
Beatrice Rangel: Of Latin American Singing Birds, Femme Fatales & Empty Shelves
Beatrice Rangel: When Flying Dragons & Rage Infusions Turn Against Their Latin American Masters
Beatrice Rangel: Holy Haberdashery!!! Is Fire Building Under the Surface in the Americas??
Beatrice Rangel: 2015 -- A Year for Balance in the Americas???
Beatrice Rangel: Pope Francis Looks at the Americas In His Christmas Remarks
Beatrice Rangel: The Paint Brush Hanging from the Wall in Latin America
Beatrice Rangel: A Future for the Americas??
Beatrice Rangel: Going Forward, Going Backward -- It's the Americas!!
Beatrice Rangel: An Eerily Familiar Week in the Americas
Beatrice Rangel: Tale of Two Walls
Beatrice Rangel: Across the Americas, We the PEOPLE
Beatrice Rangel: Across Latin America, The Populist Beat Goes On!!
Beatrice Rangel: Oh My, The Patron of the Eternal Feminine Has Left Us!!!
Beatrice Rangel: Communism from China to Cuba Finds Corruption!!!
Beatrice Rangel: From Rio to Hong Kong Discontent Taps the East to Find a New Way
Beatrice Rangel: Will Latin America Miss the Broadband Development Target?
Beatrice Rangel: Kissinger’s World Order and Latin America
Beatrice Rangel: The Third Attempt -- Will Modernity Prevail in Latin America?
Rangel: While US is Away, Latin America Rethinks Development Paths
Rangel: In the Midst of Riots, a Star is Born in Brazil
Rangel: In Mexico Cinderella Gets to the Ball while Colombia Gets a Chance at Peace