With the coronavirus pandemic threatening lives and well-being, most governments in Latin America and the Caribbean have imposed strict limits on social interactions to better manage the contagion. After two months under lockdown, however, the toll on the region’s economies is apparent. Nearly half of households report job losses and most businesses have either closed down or … [Read more...] about Prospering After the Lockdown: A Matter of Trust
The Covid-19 pandemic sweeping the globe will likely have a deep impact on many developing countries, hitting their economies even harder than those of advanced countries. Its toll, however, is likely to extend far beyond the economy. Developing countries, like those in Latin America and the Caribbean, apart from weaker economies, also have more fragile democracies. The crisis … [Read more...] about Covid-19: Threats and Opportunities for Democracy
Is free trade beneficial to Latin America and the Caribbean? Most economists believe it is. Free trade allows countries to specialize in what they do best, developing competitive advantages and leading to greater consumer choice and lower prices. Most citizens seem to agree. An IDB-commissioned poll, included in the cross-regional Latinobarómetro survey, finds popular … [Read more...] about The Psychology of Support for Trade
Four decades ago, people in Latin America cheered as one after another dictatorship fell and gave way to democratic systems, with free elections, uncensored expression, and increasingly independent institutions. That transition, a part of the third wave of democratization, transformed Latin America and the Caribbean from a place of oppressive military regimes into the most … [Read more...] about What Can Restore Latin Americans’ Faith in Democracy
Economic performance has long been considered key to voter behavior. "It's the economy, stupid," said a campaign strategist for Bill Clinton, cementing a view that a government's economic record is what voters care most about. But too much emphasis on the economy may be missing other, no less consequential, factors. A recent study by George Ward of the Massachusetts … [Read more...] about Does Happiness Sway Elections?