As the global economy gains strength and Latin America and the Caribbean recovers from recession, the region is actually falling further behind, continuing to lose its share in global GDP and putting in jeopardy the aspirations of its growing middle class The reasons behind this are complex. But low investment and productivity are fundamental factors. They require significant … [Read more...] about Latin America Needs Greater Investment and Productivity. This Is Why
About Eduardo Cavallo
Forthcoming IDB Report: A Mandate to Grow
Global economic fundamentals appear to be strong. Yet, Latin America and the Caribbean is expected to grow at rather mediocre rates in the coming years. Given recent projections, the region’s share of global GDP will continue to decline. In last year's Latin America and Caribbean Macroeconomic Report, Routes to Growth in a New Trade World, we focused on the benefits of deeper … [Read more...] about Forthcoming IDB Report: A Mandate to Grow
What Are the Antidotes to Sudden Stops?
Policymakers in emerging economies have long suffered sudden stops, those paralyzing episodes in which foreign credit dries up. Such episodes can cause painful domestic adjustments that exact significant losses in GDP. But not all sudden stops are equal, and they do not all inflict the same amount of pain. Take the case of Latin America. During the Tequila Crisis, when foreign … [Read more...] about What Are the Antidotes to Sudden Stops?
Big Data and the Pursuit of Better Disaster Relief
As Hurricane Irma ripped through the Caribbean and the United States, leveling homes, crippling energy and water systems, and putting ports and airports out of commission, government officials looked ahead to the immense relief challenges that lay in store. First, they had to take stock: What sectors of the economy were most devastated? And where should relief aid go to satisfy … [Read more...] about Big Data and the Pursuit of Better Disaster Relief
Bracing for Impact: Preparing Nations for Natural Disasters
The lashing rains and 185-mile-per-hour winds pounding the Caribbean from Hurricane Irma; the toppled homes and flooded streets in Texas and Louisiana from Hurricane Harvey, with its tens of thousands of people made homeless and billions of dollars in property losses: it's hard to imagine things getting much worse. Unfortunately, they almost surely will. If scientists agree … [Read more...] about Bracing for Impact: Preparing Nations for Natural Disasters