The deaths of 17 workers building facilities for the 2018 World Cup in Russia, along with a lack of employment contracts and harsh working conditions at the sites, have made headlines recently. They have provoked denunciations by rights activists and drawn attention to labor abuses. But Russia is not alone in failing to protect its workers. Latin America also suffers real … [Read more...] about Is Latin America Failing Its Workers?
For much of the last century, mortality rates in the United States fell steadily. But from 1998-2013, that trend reversed for a special demographic: non-Hispanic whites, aged 45-54. The problem, according to a new study by Nobel Laureate Angus Deaton, and fellow economist, Anne Case, lay in people lacking a college degree. Tens of thousands of those middle-aged whites were … [Read more...] about Can Latin American Workers Dodge the Deaths of Despair?
In recent years, developing countries have struggled to make social welfare programs for the poor and vulnerable more efficient. The distribution of preventative health products is an important example. Such products can help the poor stave off malnutrition and disease and improve overall productivity. But they have traditionally been distributed using subsidized pricing, and … [Read more...] about Can New Methods Sharpen Targeting in Programs for the Poor?
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
For decades, Latin America and the Caribbean has been a young region, with lots of people in the workforce compared to the number of elderly. But it is aging. By 2085, the region will surpass Europe as the area of the world with the highest share of elderly and, given current rates of savings, will have insufficient resources to pay for the immense health care, pension, and … [Read more...] about Running Out of Time