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This paper analyzes the impact of globalization on developing countries over the last several decades. The first section examines the components and mechanisms of globalization. The second turns to...

The financial crisis of 1994-1995 sounded a wake-up call to Latin America, indicating that regulation and supervision needed to be strengthened substantially. Since then, important steps have been...

This paper describes trends in economic growth and it’s causes in several Latin American countries in the 20th century. This paper stresses that the proximate causes of economic growth are not...

Human capital flows can take several forms and include the international circulation of scientists, information technology experts, intellectuals, artists and entrepreneurs. The evidence shows that...

Behind the discussion on optimal exchange-rate regimes lies the need to achieve external and internal equilibrium, and thus create an appropriate macroeconomic climate for sustained growth and...

In the last two centuries, the world has seen an unprecedented increase in the capacity to create material wealth and undergo technical change. At the same time, this is also a period of large...

The internationalization of the euro is in its initial stages and it is still difficult to draw any definitive conclusions regarding its scope and its implications for Latin America. The most...

This paper investigates the main patterns of international migration to and from Argentina in the twentieth century. It explains how good economic opportunities brought millions of Europeans to...

This report follows the 2012 Africa Human Development Report, which looked at the importance of assuring food security for all Africans. The two reports share a common objective of addressing what...

This paper calls for broad institutional reform in countries of the Andean region to ensure that the basic conditions for economic development are met. The author evaluates the past and current social...

This paper examines the challenges facing the labour market in the Caribbean, including youth unemployment, the mismatch between the educational system and the needs of the labour market, the creation...

Human talent is a key economic resource and a source of creative power in science, technology, business, arts and culture and other activities. Talent has a large economic value and its mobility has...

One of the controversies in growth analysis is the relative role of capital accumulation and productivity growth in driving output growth. As we interpret the evidence, discussed in this paper, part...

This publication presents an analysis of the evolution of the competitiveness in the traded goods sectors in six Latin American countries. It finds that the competitiveness of the nontraditional...

Stable, higher income democracies often gave both a strong middle class and relatively low levels of inequality. Lower and middle income countries with highly unequal patterns of income distribution...

This research produced evidence about the contribution of investment and other sources to the growth process of Latin America during 1960-2002. Alternative growth accounting methodologies were used to...

This paper examines the theoretical foundations for macroeconomic policy coordination and the related empirical findings in Latin America, contributing an original analysis that advocates new dialogue...

This paper highlights missing components of current social policies in Latin America that affect the political-economy equilibrium: in particular, the neglect of the middle class as valid subject of...

Multinational transport infrastructure (MTI) projects are fraught with coordination issues. This paper contributes by identifying the key issues necessary for effective MTI coordination, analyzing...

National savings and growth in Latin America have remained low in the 1990s and 2000s. The low level of national savings rates has forced Latin American countries to depend on foreign savings to...