For a region that is very vulnerable to climate change, Latin America remains highly dependent on fossil fuels. Around 40% of the region's energy generation still comes from oil, natural gas, and coal. Moreover, supporting fossil fuels is costly to governments. According to a paper by the International Monetary Fund, the average country in the region spends around 1% of its GDP … [Read more...] about Fighting the Fossil Fuel Addiction
Boosting Education in an Unpredictable Century
At college graduations this summer, commencement speakers will rally departing classes to pursue their dreams and unique paths through life. That may be inspiring. But getting a job is far harder today than it was when those commencement speakers went to college a few decades ago. More people have acquired higher education, competition is stiffer, and requirements for even … [Read more...] about Boosting Education in an Unpredictable Century
What Interactive Learning Can Teach Latin America
How can teachers teach when their students have wildly different skills? It is a difficult problem. And it is a problem that especially plagues education systems in developing countries where massive expansions in coverage have thrown children from different parental backgrounds, training and skill together into the same classrooms. Teachers may focus their attention on their … [Read more...] about What Interactive Learning Can Teach Latin America
Interest Rates are Falling, But Not So Fast
By Andrés Fernández, Daniel Hernaiz and Andrew Powell Most of the largest economies in Latin America have adopted inflation targeting [1]. A huge advantage of having such an anchor, and not relying on a fixed exchange rate to curb diverging expectations, is that the exchange rate is then determined by the market and can adjust to shocks. Given the large shocks the region has … [Read more...] about Interest Rates are Falling, But Not So Fast
Soft Skills Are, in Fact, Hard Skills
By Pablo Bachelet* I have two sons. One majored in history. The other graduated with a degree in Spanish and French literature. Despite my urgings – or maybe because of them – neither opted to study something scientific or mathematical, the so-called STEM fields that underpin modern economies. Should I worry? Every parent wants their child to be happy doing what they like. … [Read more...] about Soft Skills Are, in Fact, Hard Skills