Hundreds of thousands of protesters have poured into the streets in recent weeks from Chile and Colombia to Lebanon and Iraq. Transport hubs have been destroyed, stores looted, and government institutions attacked. Dozens have been killed. The immediate causes of the protests have been diverse, ranging from price hikes to rumored changes in laws affecting rights and … [Read more...] about When Inequality is Baked into the System
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Ensuring that the Gains from Trade are Inclusive and Sustainable
Thirty years ago, as part of their development strategy, and after many years of protectionism, the countries of Latin America and the Caribbean embarked on a process of ambitious trade liberalization. This was only one of many different reforms made in the framework of the Washington consensus. But it was without question the most important one. Tariffs were eliminated, … [Read more...] about Ensuring that the Gains from Trade are Inclusive and Sustainable
Why Well-Governed, Socially Conscious Companies Thrive
With Colin Mayer, Saïd Business School, University of Oxford How can we deal with the fact that Latin America is the most unequal region of the world? How can we manage lackluster economic growth? And how can we transform our economies and make poverty and exclusion a thing of the past? To answer some of those questions, Colin Mayer, the Peter Moores Professor of … [Read more...] about Why Well-Governed, Socially Conscious Companies Thrive
Moving Towards Growth and Greater Inclusion in One of the World’s Most Unequal Regions
By Julián Messina, Norbert Schady, and Joana Silva Meager economic growth and high inequality are the twin curses of Latin America. But inclusive growth that fights those curses by encompassing everyone, including marginalized and vulnerable populations, is possible. It just requires the right policies. We know, of course, that this is easier said than done. Economic … [Read more...] about Moving Towards Growth and Greater Inclusion in One of the World’s Most Unequal Regions
The Collapse of Trust and the Rise of Populism
How can we manage Latin America's lackluster economic growth and its problems of inequality? And what are we to make of the lack of trust in institutions and the rise in populism? To answer some of those questions, Andrés Velasco, the Dean of the School of Public Policy at the London School of Economics and Political Science, recently spoke at the IDB as part of the Research … [Read more...] about The Collapse of Trust and the Rise of Populism