The COVID-19 pandemic caught the world by surprise, causing an unprecedented health emergency. Caribbean countries adopted containment measures to slow the spread of the disease and flatten the curve[1] based on prior experiences and lessons around the world. Actions ranged from limits to social activities and closure of non-essential businesses, to curfew hours and complete … [Read more...] about COVID-19 in the Caribbean: The Economic Challenges Ahead
Aldo Musacchio
Aldo Musacchio has a Ph.D. from Stanford University. He is a professor of administration and economics at Brandeis University and a research fellow of the faculty at the National Bureau of Economic Research. Before joining Brandeis, Professor Musacchio was an associate professor at Harvard Business School, where he wrote more than a dozen case studies on state-owned companies and banks in Asia, Latin America, and the Middle East. Along with Professor Sergio G. Lazzarini, he has written a series of academic articles and the book Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond (Musacchio and Lazzarini, 2014), which examine the performance implications of different government agreements in state companies and the effects of investments and loans from development banks on the performance of private and state companies. Professor Musacchio is a consultant to the Inter-American Development Bank (IDB), the Organization for Economic Cooperation and Development (OECD), and the World Bank on issues related to the reform of state-owned companies in Latin America.
Solving the State-Owned Enterprises Puzzle in Latin America and the Caribbean
The state-owned enterprise (SOEs) sector in Latin America and the Caribbean (LAC) is struggling financially and suffering from political intervention. More than 40% of such enterprises have reported annual losses for several consecutive years in the past decade. The crisis has had important, and sometimes de-stabilizing impacts in the region. For example, heavy losses at … [Read more...] about Solving the State-Owned Enterprises Puzzle in Latin America and the Caribbean