Over the last three years, the media in Latin America has been offered a rich harvest of scandal. Brazil's Lava Jato affair, involving the diversion of money from contracts at the state-run oil company to personal and party coffers, has led to more than 200 arrests and 80 convictions. A Guatemalan president and vice-president were driven from office over a multi-million dollar … [Read more...] about Bringing Order to the Fight Against Urban Corruption
Fighting the Fossil Fuel Addiction
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