Can infrastructure programs both create employment and prevent crime? The question is not an easy one. Latin America and the Caribbean—like many other regions—has invested in municipal infrastructure to improve the well-being of its citizens. It has built theaters, recreation centers and sports arenas, paved roads, provided new lighting and better sewerage. It has used such … [Read more...] about Preventing Crime with Construction Projects
It's never easy to get the wealthy to pay their taxes — and Latin America is no exception. Not only do they have the political clout to fight legislation that would increase their contributions relative to low-earners. They can afford top-flight lawyers and accountants to help them maneuver around their income taxes through loopholes and offshore tax havens. As a result, tax … [Read more...] about The Problem with Taxing the Rich
Trade and investments between Asia and Latin America have been booming in recent years. But the relationship can become much richer and deeper provided Latin American and Caribbean countries understand how Asian countries share similarities, as well as important differences. Korea provides a compelling example. A new IDB report released ahead of the Bank’s Annual Meeting in … [Read more...] about Latin America´s trade with Korea: moving beyond commodities
By Federico Basañes By almost any measure, South Korea is one of the greatest development success stories in recent times. There are many ways to showcase this, including the oft-cited night-time satellite photo comparing North and South Korea, where the North – once its industrial base – is dark compared to a resplendent South. Of course, South Korea not only outperformed … [Read more...] about Can Latin America learn from Korea’s economic miracle? and what can Korea learn from Latin America
Governments and international donors have long struggled to ensure accountability in large projects where patronage, inefficiency or outright corruption can lead to misallocation of resources and funds. One innovation has been the creation of community-monitoring initiatives that allow citizens to provide feedback on projects. Proponents believe such social audits not only … [Read more...] about Can Citizens Act Effectively as Watchdogs?