"Nothing can be said to be certain, except death and taxes," said the United States' Benjamin Franklin. And few things are less pleasurably anticipated. But at least when it comes to taxes, the avoidance can make running a government especially hard. Behavioral economics, with its psychological insights into how information can be used to change citizens’ beliefs and … [Read more...] about Behavioral Economics and the Messaging That Works
For Latin American Learning, Money Isn’t the Problem
Does greater spending on education boost learning? Educators and policymakers worldwide have debated that question for years. When it comes to Latin America and the Caribbean, however, one thing seems clear: Money may help; it may even be crucial, but it is never enough. Latin American and Caribbean governments have made immense efforts to increase spending, dedicating on … [Read more...] about For Latin American Learning, Money Isn’t the Problem
Macroeconomic Challenges for Latin America and the Caribbean
As the October 2017 meetings in Washington wind down, the good news is that Latin America and the Caribbean is out of recession and set to grow at 1.2% this year. Only three countries (Suriname, Trinidad and Tobago and Venezuela—of the 26 borrowing IDB members) will post negative growth, as opposed to seven countries last year (the other four in recession last year were … [Read more...] about Macroeconomic Challenges for Latin America and the Caribbean
A Strong Party System and Peace in El Salvador
By Mark P. Jones In January 1992, bitter enemies on El Salvador's left and right met in a colonial era castle in Mexico City, shook hands and brought an end to a 12-year-long civil war that had claimed 75,000 lives and displaced one-fifth of El Salvador's population. Today, 25 years later, the right and left remain starkly divided in El Salvador, and the country is among the … [Read more...] about A Strong Party System and Peace in El Salvador
How Nobel Ideas Inspired the IDB
Richard Thaler, the University of Chicago professor who fused psychological insights and economics to reveal how biases affect decision-making, was awarded Oct. 8 the 2017 Nobel Prize in economics. The award, which recognizes Thaler's work in overturning assumptions about economic behavior as rational and demonstrating how people could be "nudged" to make better choices, … [Read more...] about How Nobel Ideas Inspired the IDB