Entrepreneurship is often seen as a vehicle for upward social mobility, especially for the middle class. Therefore, for decades Latin American countries have strived to support a vigorous middle class, based on the assumption that middle-class values and attitudes are most conducive to investment and innovation. However, an apparent contradiction lies in the fact that more … [Read more...] about Five Things Policymakers Need to Know about Entrepreneurship in Latin America:
Is Greece poised to default on its debt? What happens when its bailout program expires at the end of the month? Will it pull out of the Eurozone? Analysts around the world are betting on a “Grexit,” including Former-Fed Chairman Alan Greenspan who suggested “it’s just a matter of time” until the Eurozone countries, led by the fiscally conservative Germans, and Greece’s leftist … [Read more...] about Tango Lessons for Greece?
By Marina Bassi and Matias Busso Each year tens of thousands of young Latin Americans drop out of school to take low-skilled jobs. The low-level of graduation, with less than 50% of 24-year-olds having completed secondary school, is not only a stumbling block for individuals destined to lives of menial labor. It is a drag on the region's ability to innovate, generate … [Read more...] about How to Keep Kids in School
The aftershocks of earthquakes can go on for months and even years in the ground. But how long do the aftershocks go on in human lives? Disruptions in living conditions and income seem likely to have major impacts on individuals and families over time, particularly in developing countries, but until recently little work has been done to test that intuition against hard data. A … [Read more...] about Quake’n and Shake’n…Forever!
The costs of Latin America’s alarming levels of crime and violence go far beyond even the suffering of the direct victims. They have very real economic, as well as social, repercussions. In Uruguay, crime-related costs absorb 3.2 percent of GDP, diverting critical resources from more productive economic priorities. In Mexico, violence increases unemployment, closes businesses, … [Read more...] about Crime and Violence: An Expensive Problem