Why do governments need to save? In large part, for some of the same reasons people and firms need to save: to invest and help their economies grow and prosper. Public saving may make up less of national saving than household or corporate saving in Latin America and the Caribbean. But it is nonetheless vital to overall economic health. Greater public saving would allow … [Read more...] about Trimming the Fat for Better Growth
Over the last 25 years, Latin America has ramped up investment in education in a full-fledged effort to reduce poverty and spur economic growth. Today, primary school attendance is nearly universal, with three out of four children finishing primary school on time. At the secondary school level, meanwhile, the rate of on-time graduation has soared from an average of 30% in 1990 … [Read more...] about Keeping Kids in School
The story of business in the advanced economies of the 21st century is one of explosive innovation and creativity. From artificial hearts and electric cars to cloud computing and iPhones, companies have sent forth a dazzling array of new products and processes that have helped increase shareholder value, boost productivity, and raise living standards. Education, by contrast, … [Read more...] about What the Educational Sector Can Learn from Business
Latin America and the Caribbean celebrate International Women's Day March 8 with a mixture of pride and frustration. Pride, because women have dramatically increased their level of education and their participation in the labor force. Frustration, because they still have trouble breaking through the glass ceiling into top managerial positions and continue to earn less than men … [Read more...] about Pride and Frustration on Women’s Day
For decades now, researchers have suspected that investments in early childhood development pay off richly. That is because providing the right intellectual and emotional stimulation to children in their first years could open a new future. It may not only lead to smarter, more prosperous and more socially-adapted adults. It could generate more equality and productivity in … [Read more...] about The Miracle of Parenting Programs?