Month – October 2016

Public Transfers to Households: Who are the Real Beneficiaries?

Knowing how governments spend their resources is important because it reflects their development priorities. Moreover, it allows,  especially in lean times, trying and seeing “what can be done to improve growth and maintain recent and perhaps fragile benefits in terms of prosperity and social protection?” as mentioned in a previous publication of this blog. In […]

Can New Methods Sharpen Targeting in Programs for the Poor?

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 while […]

Confronting the Risks of Corporate Debt in Latin America

Beginning in the early 2000s, corporations in emerging economies began to massively increase their borrowing in international capital markets. The reasons why this occurred are not completely clear though they most likely involve low interest rates globally and the search for higher yields by international investors. In any case, the surge was dramatic: between 2004 […]

Is Being ‘Smart’ About Taxes Contagious?

In recent weeks, the issue of tax avoidance has surged into the United States presidential election. It gained momentum Sept. 26 during the first presidential debate when Republican candidate Donald Trump said that not paying federal income taxes made him “smart.” It moved to the forefront Oct. 1 with the revelation by the New York […]

How to Adjust: 10 Priorities for Emerging Economies

Many emerging economies, particularly in Latin America and the Caribbean, are facing growing debt, fiscal deficits and low growth. Given the direction of debt-to-GDP ratios, many countries are choosing “adjustment” to maintain sustainability. In this blog, I offer 10 priorities that might guide a period of Considerate Consolidation. Priority 1: Speed. If output is at […]

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