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?
Social Issues
Missing Data and the Failing Battle Against Crime
Over one weekend in June, a fierce gun battle between rival drug gangs and the security services spread from the hilly favelas to the shore near Rio de Janeiro's Sugarloaf Mountain. Cable cars services were suspended and seven people were killed. Still perhaps the biggest shock to Brazilians came three days later when the government released an unflinching report detailing … [Read more...] about Missing Data and the Failing Battle Against Crime
Mexico: The Elusive Quest for Prosperity
Imagine a country that does everything that development economics says is right: guarantee macroeconomic stability, maintain an open trade regime and invest in physical capital and education. Now imagine, that this this country suffers anemic growth and has done so for over two decades. What in the world could be wrong? This is the agonizing question facing Mexico and the … [Read more...] about Mexico: The Elusive Quest for Prosperity
Sports Programs Can Boost Solidarity and Strengthen Societies
Go into any bar or restaurant in Latin America during the World Cup and you'll witness ecstatic fist pumps, shouts and hugs after a goal by the national team. Sports makes for tribal celebration, and the shared experience that occurs when the tribe excels and triumphs can bond even strangers and serve as a powerful social glue. But it's not just true for watching sports. It … [Read more...] about Sports Programs Can Boost Solidarity and Strengthen Societies
Keeping the Best Teachers: Is Money the Answer?
Teaching is one of the most important professions, vital to a nation's long-term dynamism and productivity. But it is simply too hard to get all but the most dedicated teachers to commit to long-term careers, when, as in Chile and the United States, they make two-thirds of what people of a similar educational background earn. That is the dilemma Chile tried to confront in 2002 … [Read more...] about Keeping the Best Teachers: Is Money the Answer?