The challenge of international development requires a medley of ideas. At the Multilateral Investment Fund, we work in an array of topics that are at the forefront of efforts to spur the economic development of the private sector in Latin America and the Caribbean. Each week, this blog "Trends" brings you our latest research and thinking. 

Our complete list of blogs can be found here.

The Circular Economy: Butterflies and the Fourth Industrial Revolution

By Estrella Peinado-Vara

A butterfly sums it up: It can be a symbol of biodiversity, fragility, the capacity for transformation, ora diagram of the type of economy that we should aim for. Just over half (54%) of the world’s population of 7.3 billion people live in urban areas, a proportion that is expected to increase to 66% by 2050. The population is growing, and with it increased amounts of waste. If that is not managed well, it can produce serious environmental, health, and economic problems.