The COVID-19 pandemic has inflicted one the largest and most intricate economic disruptions in modern history. Latin America and the Caribbean, with 8% of the world's population but more than 25% of its deaths, was particularly hard hit, and unfortunately, the war against the virus is far from over. Even before the health crisis subsides, however, much work needs to be done. … [Read more...] about Productivity Growth at the Sectoral Level and the Road to Recovery from COVID-19
#transportation
Enlisting Behavioral Sciences to Combat Fare Dodging on Public Transport
From New York and Washington to London and Santiago, metro and other mass transportation systems have long been vulnerable to people who jump turnstiles, avoid ticket collectors, and engage in other kinds of fare evasion that can lead to tens or hundreds of millions of dollars in revenue losses each year and even accidental death. TransMilenio, the world's … [Read more...] about Enlisting Behavioral Sciences to Combat Fare Dodging on Public Transport
When Improving Infrastructure Can’t Wait
Policymakers in Latin America and the Caribbean may be keenly aware that the region's crumbling roads, inefficient energy systems, and inadequate water and sanitation hold their countries back. But efforts to improve these and other infrastructure services get the short end of the stick. When governments reduce fiscal deficits, they consistently shortchange capital spending on … [Read more...] about When Improving Infrastructure Can’t Wait