Politics and Institutions

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 […]

How Latin America Can Be Smarter on Crime

If Latin America is to defeat its crime epidemic, it has to be smarter in its choice of strategies.

Latin America and the Caribbean confronts a paradox when it comes to guaranteeing the lives of its citizens. The region is wracked by organized crime, gangs, and street violence. It suffers a homicide rate (24 per 100,000) that is four times the world’s average and spends a considerable portion of its total budget (5.4%) on […]

To Boost Education, Latin America Needs to Spend More Efficiently

If it is to boost education to the standards of the OECD, Latin America and the Caribbean needs to spend more efficiently

Over the last two decades, Latin America and the Caribbean has made huge efforts to improve education. Investment in the sector has grown from 3.6% to 5.3% of GDP; the percentage of adolescents who finish primary school has reached well over 90%, and results on PISA, the international exam that measures core competencies in mathematics, […]

Tackling Soaring Drug Prices in Latin America and the Caribbean

With more use of generics, Latin America and the Caribbean could better tackle soaring drug prices

Faced with soaring drug prices, officials in the United States are taking on the pharmaceutical companies, desperate to stop the hemorrhage of up to thousands of dollars a month in family income towards prescription drugs. Individual states in just the last year have passed 37 drug laws, conscious that current trends are unsustainable. But the United […]

How Vulnerable Are Latin American and Caribbean Economies to a Sudden Stop in Capital Flows?

Latin America and the Caribbean remain vulnerable to a sudden stop in capital flows

As the U.S. economy continues to grow and the labor market tightens, there is an increasing likelihood that the Federal Reserve will raise interest rates. The consequences will reverberate in Latin America and the Caribbean. Our research suggests there are reasons for concern, but also ways countries can offset the risks. It is key that countries […]

Boosting Efficiency En Route to Universal Health Coverage

By boosting efficiency in health spending, Latin America could significantly increase its health coverage

Latin America and the Caribbean has made real progress in expanding health services to its citizens over the last two decades, boosting spending, increasing overall life expectancy and contributing to a decline in mortality rates for children under five. But despite those improvements, the region needs to become more efficient to achieve its goal of […]

What Do Voters Want: Help or Skills?

Boosting skills is essential for entering the ranks of the richest nations. Better education and skills, most economists agree, generate the innovation and productivity that lift countries from middle-income to high-income levels such as those enjoyed by the United States and the wealthiest nations in Europe and Asia. Indeed, along with rule of law and […]

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