Latin American countries have a history of veering from left to right in economic affairs: from support for state-driven economic development to support for free markets. But a recent survey shows an upswing in ordinary citizens' enthusiasm for capitalism. And it begs the question as to why and how long-lasting the phenomenon might be. The recent findings are remarkable. … [Read more...] about The New Free-Market Fervor in Latin America
U.S. Tax Reform: Challenges for Latin America and the Caribbean
The massive U.S. reform of corporate taxation that slashed rates from 35% to 21% seeks to increase investment, create jobs, boost wages and spur growth within the United States[1]. But it will unquestionably have global impacts, with likely reverberations for Latin America and the Caribbean. The United States is the world's largest economy and the largest source of foreign … [Read more...] about U.S. Tax Reform: Challenges for Latin America and the Caribbean
Forthcoming IDB Report: A Mandate to Grow
Global economic fundamentals appear to be strong. Yet, Latin America and the Caribbean is expected to grow at rather mediocre rates in the coming years. Given recent projections, the region’s share of global GDP will continue to decline. In last year's Latin America and Caribbean Macroeconomic Report, Routes to Growth in a New Trade World, we focused on the benefits of deeper … [Read more...] about Forthcoming IDB Report: A Mandate to Grow
Does Political Patronage Necessarily Lead to Bad Hiring?
Patronage is among the least loved of political practices, often synonymous with malfeasance and incompetence. Civic and development organizations rail against it. Numerous studies show that merit-based career civil services, as opposed to discretionary ones, are associated with higher economic growth, lower corruption, and better bureaucratic performance. But patronage, the … [Read more...] about Does Political Patronage Necessarily Lead to Bad Hiring?
Prestigious Fellowship for Young Researchers Is Accepting Applications
The Research Department of the Inter-American Development Bank (IDB) is accepting applications for its Research Fellow Program. The program provides an ideal opportunity for recent graduates and young professionals interested in working with leading economists on issues related to sustainable and equitable development in Latin America and the Caribbean, including in the areas … [Read more...] about Prestigious Fellowship for Young Researchers Is Accepting Applications