For two decades beginning in the 1990s, Latin American and Caribbean nations became embroiled in a debate over which type of pension system would best provide for retired seniors. Populations were expected to rapidly age. Budgets were tight, and private and national savings rates, low. A way had to be found to guarantee retirements while increasing savings and leaving room for … [Read more...] about Labor Informality and the Pension Disaster
Social Issues
Latin America: Turning the Corner on Corruption?
It has been a good couple of years for those fighting corruption in the Americas. Since May of this year, the leaders of the New York State Senate and Assembly were sentenced to terms ranging from 5-12 years in prison on charges including bribery, extortion and money laundering. A federal congressman from Philadelphia was convicted on more than two dozen charges, including … [Read more...] about Latin America: Turning the Corner on Corruption?
Trimming the Fat for Better Growth
Why do governments need to save? In large part, for some of the same reasons people and firms need to save: to invest and help their economies grow and prosper. Public saving may make up less of national saving than household or corporate saving in Latin America and the Caribbean. But it is nonetheless vital to overall economic health. Greater public saving would allow … [Read more...] about Trimming the Fat for Better Growth
Tackling Crime and Pollution Together
Crime represents a major concern for Latin Americans. Increasingly, so does pollution. It is unusual, though, to consider relationships and tradeoffs between them. Yet these are precisely the issues explored by Visiting Scholar Paul Carrillo and his George Washington University colleagues Arun Malik and Andrea López in a recent study for the IDB. The authors took as their case … [Read more...] about Tackling Crime and Pollution Together
Can Women Change Politics?
Hillary Clinton’s June 14th victory in the Washington D.C. Democratic Party primary brings an end to a primary season that will see her coronated as the first woman to lead a major political party in the United States since George Washington assumed the presidency 227 years ago. If she wins —still a big “if”—she will become the first female president of the United States next … [Read more...] about Can Women Change Politics?