The epic droughts that have devastated Latin America over the last five years, drying up river beds and crippling electricity generation, stand as a clear warning. Latin America and the Caribbean may be one of the world's most important regions for hydroelectric power, with nearly half of generation capacity currently supplied by dams. But ever increasing dry spells engendered … [Read more...] about When Solar Power Cuts Costs and Emissions
Interactive Learning: Making it Work in Latin America
Can technology improve education? For most educators, advances in computational capacity and artificial intelligence open the doors to potential revolutions in learning. So do increases in mobile devices and broadband access. Interactive textbooks, using web-based animations and videos, allow students to visually grasp math, science and engineering issues in ways that were … [Read more...] about Interactive Learning: Making it Work in Latin America
Fiscal Discipline: Can Constitutions Help?
By Mark Hallerberg Recently, there has been renewed interest in incorporating fiscal rules directly into constitutions. In 2012, the signatories of the so-called "Fiscal Compact" in Europe were expected to introduce a balanced budget rule that would "preferably (have) constitutional provisions." Those signatories included 25 of the current 28 member states of the European … [Read more...] about Fiscal Discipline: Can Constitutions Help?
Living in the Age of Uncertainty
As Borges famously remarked, “Reality is not always probable, or likely.” So it seems in Latin America and the Caribbean: of all possible outcomes the one we have lived through is not the one many would have predicted. Moreover, as we look to the future, current forecasts display marked differences across countries and are subject to very high uncertainty. As this year … [Read more...] about Living in the Age of Uncertainty
Behavioral Economics for Better Public Policies
Would you save more if 10% of your paycheck was automatically deposited into a separate account in your name? Would you feel more obliged to pay your taxes if you knew all the neighbors on your block had paid them? And would you use the hand dryer instead of a paper towel in a public bathroom if a notice reminded you of the environmental impact of cutting down trees? The … [Read more...] about Behavioral Economics for Better Public Policies