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
#Caribbean
The Skills Gap: Holding Latin America Back
From a certain optic, advances in education in Latin America and the Caribbean have been remarkable. In 1900, only one in three children attended primary school. Very few advanced to secondary school. Today, primary education in the region is nearly universal and enrollment in secondary school stands at nearly 80%. Unfortunately, those gains in access to education have not … [Read more...] about The Skills Gap: Holding Latin America Back
Taking a Micro Approach to Crime
It should not be surprising that crime is usually at its most intense in cities. Populations and economic activity are most concentrated there and criminals there enjoy the most profitable targets. But with 43 of the world’s 50 most murderous cities and urban crime on the increase, Latin America and the Caribbean is an extreme case and in desperate need of better tools to fight … [Read more...] about Taking a Micro Approach to Crime
When Poor Crime Statistics Feed an Epidemic
Latin America and the Caribbean is in the midst of a crime epidemic. With 43 of the world's 50 most murderous cities and a homicide rate four times the global average, it is being battered on an epic scale. Crime and the fear of it affect each of us every day: it changes investment decisions, the allocation of private and public resources and even when and where we go. Crime … [Read more...] about When Poor Crime Statistics Feed an Epidemic
Can Latin America’s Engagement with China Deepen?
In November 2016, China's Ministry of Foreign Affairs released a white paper to guide its relationship with Latin America and the Caribbean through the end of 2019. The paper, encompassing the full spectrum of relationships between the two regions, emphasized that China had entered a "new phase of comprehensive collaboration" with Latin America and the Caribbean and sought to … [Read more...] about Can Latin America’s Engagement with China Deepen?