While plane crashes get the most media attention, we are much more likely to be injured in or by a car. And, in Latin America, the cost is very high. During 2017, car accidents claimed an average of 12 people per 100,000 inhabitants, five times the rate in Norway, more than double the rate in France, and even higher than that in the United States where road safety has been a … [Read more...] about Behavioral Economics: Making Our Roads Safer
Politics and Institutions
Faced with soaring drug prices, officials in the United States are taking on the pharmaceutical companies, desperate to stop the hemorrhage of up to thousands of dollars a month in family income towards prescription drugs. Individual states in just the last year have passed 37 drug laws, conscious that current trends are unsustainable. But the United States is not alone in … [Read more...] about Tackling Soaring Drug Prices in Latin America and the Caribbean
As the U.S. economy continues to grow and the labor market tightens, there is an increasing likelihood that the Federal Reserve will raise interest rates. The consequences will reverberate in Latin America and the Caribbean. Our research suggests there are reasons for concern, but also ways countries can offset the risks. It is key that countries in the region take this … [Read more...] about How Vulnerable Are Latin American and Caribbean Economies to a Sudden Stop in Capital Flows?
Latin America and the Caribbean has made real progress in expanding health services to its citizens over the last two decades, boosting spending, increasing overall life expectancy and contributing to a decline in mortality rates for children under five. But despite those improvements, the region needs to become more efficient to achieve its goal of universal health coverage in … [Read more...] about Boosting Efficiency En Route to Universal Health Coverage
Boosting skills is essential for entering the ranks of the richest nations. Better education and skills, most economists agree, generate the innovation and productivity that lift countries from middle-income to high-income levels such as those enjoyed by the United States and the wealthiest nations in Europe and Asia. Indeed, along with rule of law and well-functioning markets, … [Read more...] about What Do Voters Want: Help or Skills?