#Mexico

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 […]

Banks and the Global Financial Crisis 10 Years On: Lessons from Latin America and the Caribbean

Ten years after the fall of Lehman Brothers, Latin America and the Caribbean have lessons to offer on surviving a global financial crisis

On Sept. 15 2008, Lehman Brothers filed for bankruptcy heralding the most serious financial crisis since the Great Depression. A couple of years after, I was at a conference and a senior (European) official gave a presentation entitled The Global Financial Crisis, Lessons for Latin America. I asked whether there was a typo. Shouldn’t that be […]

Mexico: The Elusive Quest for Prosperity

Problematic policies and institutions have led to an elusive quest for prosperity in Mexico

Imagine a country that does everything that development economics says is right: guarantee macroeconomic stability, maintain an open trade regime and invest in physical capital and education. Now imagine, that this this country suffers anemic growth and has done so for over two decades. What in the world could be wrong? This is the agonizing […]

Reducing Volatility from Cross-Border Banking Flows

Regulation can help Latin American nations reduce volatility from cross-border banking flows

How can emerging markets protect themselves from abrupt shifts in cross-border banking flows? That has been a fundamental question for economic policymakers in recent years, including those entrusted with banking supervision in regions like Latin America and the Caribbean. In a study made available online in May, Gabriel Cuadra and I examine the issue, focusing […]

Send Us Your Research Papers on Crime and Policy

Researchers are invited to send papers on crime and policy

The latest ranking of the world’s deadliest cities continues a sad pattern: the overwhelming majority—43 out of 50—are in Latin America and the Caribbean,  with Los Cabos in Mexico topping the list. Many of the reasons behind this state of affairs are chronic—weak institutions; impunity; poverty; inequality and growing urbanization—all feeding and, at the same […]

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