Month – October 2018

Greater Efficiency and the Path to a Prosperous Future for Latin America and the Caribbean

If Latin American and the Caribbean is to enjoy a prosperous future, it must become much more efficient

Latin America and the Caribbean has a difficult puzzle to solve. Growing national income is feeding demands for more and better government services.  At the same time, because many governments increased expenditure during the years of the commodity boom and now face less favorable external conditions, they will need to adjust. In a context of […]

Reforming Regulations that Harm Productivity and Worker Welfare

With the right reforms, Latin America could eliminate barriers that harm productivity and worker welfare

An uncomfortable reality lies behind Latin America’s poor growth performance: gains in productivity have been anemic over the last three decades. The costs in long-term GDP growth, as well as higher wages and living standards for Latin America’s people, are steep. Over the last decades most Latin American nations adopted a broad agenda of economic […]

Will Robots Really Harm Employment?

Employment may actually get a boost from robots and automation

In science fiction films, artificial intelligence and robots are the bogeymen of the future, replacing us and rendering us useless as they impose their mechanical will upon us. Economists, though less apocalyptic, are sounding alarms too. In a study, economist Carl Benedikt Frey and machine learning expert Michael Osborne examine more than 700 occupations in […]

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