In 2014, for the fourth year in a row, the growth rate of Latin America and the Caribbean, although still positive, has been lower than the year before: a bare 1.2% compared to 2.8% in 2013. The price of non-energy commodities —soybeans, copper, iron, etc.— has fallen 7.5% on average and will do so by at least another 10% in 2015, while the price of oil will fall a total of … [Read more...] about Poverty: The Reality behind the Data
Public information campaigns are a complex undertaking; how the message is delivered matters at least as much as the content of the message itself. Moreover, getting it right is paramount since undoing the damage of misinformation is difficult indeed. In this regard, the debate over vaccination provides a difficult lesson—one in which the repercussions of poor messaging are, … [Read more...] about Vaccination: Infectious Misinformation
President Obama presented his $4 trillion budget proposal for FY2016 to Congress on Feb. 2, outlining his spending priorities for the next 10 years. Big winners under his plan include the poor, middle classes, the military and the construction industry, thanks to a combination of tax breaks and credits, as well as infrastructure and defense spending. On the other hand, the … [Read more...] about Who Decides the Budget?
By Marina Bassi and Matias Busso Each year tens of thousands of young Latin Americans drop out of school to take low-skilled jobs. The low-level of graduation, with less than 50% of 24-year-olds having completed secondary school, is not only a stumbling block for individuals destined to lives of menial labor. It is a drag on the region's ability to innovate, generate … [Read more...] about How to Keep Kids in School
The aftershocks of earthquakes can go on for months and even years in the ground. But how long do the aftershocks go on in human lives? Disruptions in living conditions and income seem likely to have major impacts on individuals and families over time, particularly in developing countries, but until recently little work has been done to test that intuition against hard data. A … [Read more...] about Quake’n and Shake’n…Forever!