After the Brexit referendum and the US election, commentators on all sides have sparred over who are the winners and losers when it comes to trade. Most economists agree that more trade on the whole is good, but that its impact can vary dramatically. The relationship between trade and inequality is then less obvious. For starters, the impacts of trade on inequality may be very … [Read more...] about Trade: Winners and Losers in the North and South
As Borges famously remarked, “Reality is not always probable, or likely.” So it seems in Latin America and the Caribbean: of all possible outcomes the one we have lived through is not the one many would have predicted. Moreover, as we look to the future, current forecasts display marked differences across countries and are subject to very high uncertainty. As this year … [Read more...] about Living in the Age of Uncertainty
Latin America, like the rest of the world, cautiously awaits the beginning of Donald Trump's presidency in the United States. There is great anticipation to see if the president elect fulfills his campaign promises—many of them already played down—and how his government's policies affect the region. In an interview with the Spanish daily El País, the IDB's chief economist, José … [Read more...] about Latin America and Trump: the IDB’s Chief Economist Identifies Potential Opportunities for the Region
The UK is a country of just 242 thousand square kilometers (compared to Mexico’s 1.9 mn, Argentina’s 2.7 mn and Brazil’s 8.4 mn) located about 7,000 km from Barbados and more than 7,500 km from anywhere on the mainland of Latin America (it’s just over 7,500 km from London to Simon Bolivar airport, Caracas and over 8,000 km to the Yucatan). Considering Latin America’s two … [Read more...] about BREXIT: What Does It Mean for Latin America and the Caribbean?
Latin America and the Caribbean rang in World Environment Day June 5th with much to celebrate. Home to the world’s largest expanse of tropical forest, its greatest species diversity, and some of its most abundant renewable energy resources, the region is ever more conscious of the importance of the environment to its future. Moreover, that awareness is spurring new initiatives … [Read more...] about Help the Economy, Save the Environment