By: Norbert Schady During the recent riots in Baltimore, MD, Toya Graham, an irate mother of a would-be protester, became an instant celebrity when she was caught on tape roughing up her son. She appeared on the evening news slapping his head repeatedly and pushing him down the street away from the violence that was engulfing the city. Given the situation, Ms. Graham’s … [Read more...] about Hitting Kids: How Much Does It Hurt?
The Diaspora Goldmine
Many countries have substantial diasporas, but not many are proud of it. After all, people tend not to leave a country when it is doing well, so the diaspora is often a reminder of a country’s darker moments. El Salvador, Nicaragua, and Cuba, to cite three examples, had more than 10% of their native population living abroad in 2010. And this figure does not take into account … [Read more...] about The Diaspora Goldmine
Do the Rich Save More in Latin America?
By: Néstor Gandelman Does an industrial businessman in Monterrey, Mexico, save a bigger percentage of his income than a rural worker in Chiapas? Whether the rich save more is a longstanding question with important policy implications that has different answers according to each country or region. What happens in Latin America? In an analysis of 14 Latin American and Caribbean … [Read more...] about Do the Rich Save More in Latin America?
What Good Is Capital Without Customers?
Financial inclusion is necessary for healthy societies The financial inclusion strategies that several countries in Latin America and the Caribbean are adopting and incorporating into their national development policies aim at increasing access to and use of financial services for segments of the population that have been excluded or underserved by financial systems. … [Read more...] about What Good Is Capital Without Customers?
Four Ways to Adjust Painlessly
The word “adjustment” in Latin America means different things to different people. The term “painless” adjustment may strike some as populist while others may perceive it as naive. But the fact is that, as shown in the IDB’s recently published Latin American and Caribbean Macroeconomic Report, in many countries making a fiscal adjustment is a good idea. Exploring ways to make … [Read more...] about Four Ways to Adjust Painlessly