Challenges of Latin America and the Caribbean in front of the current development crossroads

Size: px
Start display at page:

Download "Challenges of Latin America and the Caribbean in front of the current development crossroads"

Transcription

1 Challenges of Latin America and the Caribbean in front of the current development crossroads ANTONIO PRADO DEPUTY EXECUTIVE SECRETARY Regional Meeting of the Ambassadors of Norway in Latin America Santiago, 20 January 2016

2 Latin America and the Caribbean is at a crossroads

3 After a period of prosperity, the region is facing a more difficult external context and slower economic growth The world economy has not expanded as expected. Growth projections for 2016 (2.9%) are slightly better than those for 2015 (2.4%). Upturn in growth in the United States (about 2.6% in 2016) with positive impacts for remittances, tourism and trade in Mexico, Central America and the Caribbean. Fiscal imbalances and lack of competitiveness in the eurozone, plus high unemployment and slow growth of 2.0% in 2016 are acting as a drag on global trade. Slowdown in China from a growth of 9.2% in 2011 to a lesser growth of 6.5% in 2016 is having an impact on countries that export natural resources. End of quantitative easing (QE) in the United States and launch of QE in Europe likely to create more volatile financial conditions.

4 The economic and trade slowdown indicates a future with lower growth LATIN AMERICA AND THE CARIBBEAN: ANNUAL VARIATION IN MERCHANDISE EXPORTS, a (Percentages) Panama Dominican Republic Bolivia (Plur. State of) Central America Nicaragua Cuba Guatemala Peru Costa Rica 1.0 Honduras Colombia Paraguay Mexico Haiti El Salvador Chile The Caribbean Uruguay Argentina Ecuador Latin America and the Caribbean South America Brazil Volume Price Value Venezuela (Bol. Rep. of) -7,0 Source: ECLAC, based on official figures from the countries central banks, customs offices and national institutes of statistics. a Figures for 2015 and 2016 are projections. LATIN AMERICA AND THE CARIBBEAN: GDP GROWTH, 2016 a (Percentages, on the basis of dollars at constant 2010 prices) -0,8-2,0 6,2 5,2 4,5 4,3 4,3 4,2 4,0 3,4 3,3 3,3 3,0 3,0 2,6 2,5 2,4 2,1 1,6 1,5 0,8 0,3 0,

5 Global tectonic shifts Reorganization of the global economy and international politics in trade blocs: TPP, TTIP, RCEP, BRICS Decoupling of the financial economy from the real economy Technology revolution without precedent Tendency towards global inequality An uneven demographic transition: some countries have a demographic dividend, others have an ageing population Large-scale migration as a result of disasters, wars and inequality Urbanization: 80% of the population lives in cities Growing ecological footprint Vulnerability to climate change and to natural disasters (cumulative cost of US$ 350 billion) Conflicts, violence and insecurity

6 Nicaragua Guatemala Honduras Rep. Dominicana El Salvador México Paraguay Uruguay Costa Rica Panamá Venezuela Bolivia Argentina Brasil Ecuador Colombia Perú Chile Promedio Not enough was done to increase investment in human capacities, and to reduce inequality AMÉRICA LATINA: POBLACIÓN AÑOS QUE CONCLUYÓ LA EDUCACIÓN SECUNDARIA, 2010 (Porcentajes) Quintil 1 Quintil AMÉRICA LATINA (PROMEDIO SIMPLE 18 PAÍSES): CONCLUSIÓN DE AL MENOS CINCO AÑOS DE EDUCACIÓN TERCIARIA ENTRE JÓVENES DE 25 A 29 AÑOS, SEGÚN QUINTILES DE INGRESO PER CÁPITA Y SEXO, ALREDEDOR DE 2010 (Porcentajes) Hombres Mujeres Quintil 1 Quintil 2 Quintil 3 Quintil 4 Quintil Total Fuente: CEPAL sobre la base de tabulaciones especiales de las encuestas de hogares de los países. Nota: El dato de Argentina corresponde al Gran Buenos Aires y el de Uruguay a zonas urbanas.

7 With social progress, the region still remains the worst distribution of income, and other inequalities LATIN AMERICA: a POVERTY AND INDIGENCE, b (Percentages) LATIN AMERICA AND OTHER WORLD REGIONS: GINI COEFFICIENT, AROUND Poor Indigent 0.00 Latin America and the Caribbean (18) Sub- Saharan Africa (39) East Asia and the Pacific (10) North Africa and Middle East (9) South Asia (8) Western Europe and Central Asia (21) OECD (22) Source: ECLAC, on the basis of special tabulations of data from household surveys. a Estimate for 18 countries of the region plus Haiti. c The 2014 figures are projections. Source: ECLAC, on the basis of special tabulations of data from household surveys in the respective countries.

8 Vulnerability has come down considerably, but still applies to half the population LATIN AMERICA (WEIGHTED AVERAGE FOR 18 COUNTRIES AND FOR 8 COUNTRIES): PROFILE OF INCOME VULNERABILITY, AROUND 1990, 2002, 2008 AND 2013, AND BY RACE OR ETHNIC GROUP, AROUND 2011 (Percentages) Source: ECLAC, Inclusive social development: the next generation of policies for overcoming poverty and reducing inequality in Latin America and the Caribbean, Santiago, November, a Weighted average for the Plurinational State of Bolivia (2009), Brazil (2011), Chile (2011), Ecuador (2011), Mexico (2010), Paraguay (2011), Peru (2011) and Uruguay (2011).

9 With challenges of environmental sustainability to move towards low-carbon paths LATIN AMERICA: PER CAPITA GDP AND PER CAPITA ENERGY CONSUMPTION, 2008 (Kilograms of oil equivalent and 2005 purchasing power parity dollars) GLOBAL TRENDS IN GREENHOUSE GAS EMISSIONS, (Percentages of global emissions) Source: Economic Commission for Latin America and the Caribbean (ECLAC), Structural Change for Equality: an integrated approach to development (LC/G.2524(SES.34/3)), Santiago, Chile, Source: Economic Commission for Latin America and the Caribbean (ECLAC), The European Union and Latin America and the Caribbean in the new economic and social context, Santiago, 2015.

10 Five major structural challenges

11 Insufficient investment for development and innovation In infrastructure In research, science and innovation In development banking: inclusive financing In cleaner production solutions GROSS FIXED CAPITAL FORMATION, (Percentages of GDP, on the basis of dollars at constant 2005 prices) Latin America Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures and World Bank, World Development Indicators. Eastern Asia and Pacific

12 2. Insufficient and limited fiscal space: little and poor taxation INTERNATIONAL COMPARISON OF THE LEVEL AND STRUCTURE OF THE TAX BURDEN (Percentages of GDP) Regressive tax structure Low tax burden in most countries High evasion Widespread exemptions Social spending has a limited redistributive impact Source: Economic Commission for Latin America and the Caribbean (ECLAC), Organization for Economic Cooperation and Development (OECD) and International Monetary Fund (IMF). a The coverage for calculating the Latin American average refers to central government except in Argentina, Brazil, Chile, Costa Rica and the Plurinational State of Bolivia, where it refers to general government.

13 3. The production structure has not changed: it is heterogeneous and a source of inequalities LATIN AMERICA (18 COUNTRIES): STRUCTURAL HETEROGENEITY INDICATORS, AROUND 2009 (Percentages) LATIN AMERICA (18 COUNTRIES): GDP PER WORKER, PPP AROUND 2009 (Thousands of dollars) Source: ECLAC, on the basis of R. Infante, América Latina en el umbral del desarrollo. Un ejercicio de convergencia productiva, Working Paper, No. 14, Santiago, Chile, June 2011, unpublished.

14 The greatest structural challenge is to diversify the export pattern to reduce dependence on raw materials LATIN AMERICA AND DEVELOPING COUNTRIES IN EAST ASIA: PATTERN OF STRUCTURAL CHANGE AND SHARE OF EXPORTS, (Percentages) LATIN AMERICA AND THE CARIBBEAN: EXPORT STRUCTURE BY TECHNOLOGY INTENSITY, (Percentages of the total) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% % High-technology manufactures Low-technology manufactures Raw materials Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures. Medium-technology manufactures Natural resource-based manufactures

15 4. Functional inequality: increasing concentration of income, capital and technology LATIN AMERICA (13 COUNTRIES): VARIATION IN GINI INDEX AND WAGES RELATIVE TO GDP, 2002 AND 2009 Gini index Share of wages in GDP (Percentages) Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of CEPALSTAT, National Institute of Statistics and Censuses (INDEC) of Argentina, and the central banks of Costa Rica, Guatemala and Uruguay.

16 5. The region continues to trade little with each itself and with low levels of productive integration SELECTED GROUPINGS: SHARE OF INTRA-GROUP EXPORTS IN TOTAL EXPORTS, (Percentages) SHARE OF PARTS AND COMPONENTS IN INTRA-GROUP EXPORTS, 2013 (Percentages) 70 Grouping Percentage ASEAN+5 34 TLCAN European Union Latin America and the Caribbean European Union ASEAN+5 a NAFTA Latin America and the Caribbean Latin America and the Caribbean (excluding Mexico) Source: ECLAC, on the basis of United Nations Commodity Trade Database (COMTRADE). a Includes the 10 members of ASEAN and China, Japan, the Republic of Korea, Hong Kong Special Administrative Region of China, and Taiwan Province of China.

17 ECLAC proposal: structural change for equality and sustainability

18 The road in the social sphere Consolidate social public spending as a countercyclical fiscal policy tool with more efficient implementation. Create opportunities for financing social spending. Design a new generation of social policies linked with social investment, with instruments and mechanisms to increase efficiency, effectiveness, impact and sustainability. Investment in innovation, education and employment for youth, generating solid bases for achieving objectives of structural change for equality. Active policies on care and time-liberation, with a view to full incorporation of women into the labour market

19 Re-establishment of a productive architecture Promote structural change by mainstreaming environmental sustainability With new institutions that promote productivity from an explicit industrial policy Link low productivity sectors with those at the frontier technology Integrated support strategy for SMEs with inclusive financing that meshes well with the most dynamic sectors Greater hierarchy for science and technology Mediation mechanisms for social and environmental conflicts Land use planning and urban planning

20 Time for production integration Integration is a multidimensional process encompassing economic, political, social, cultural and environmental issues. The production dimension as a strategic element of regional integration Tackling inequality as well as social policies calls for a change in the production and export structure and the creation of good quality and progressively more sophisticated activities. The regional space is the most conducive to this transformation

21 Politics and policymaking: the importance of compacts The development crossroads the region has reached calls for revisiting the way in which its institutions and structures are linked to one another, involving a wide range of agents in the process A compact is a political instrument for putting into place, within a democratic framework, medium-term institutional policies and reforms with a strategic vision, with less risk that they will be reversed later A social compact is necessary at a time of changes in the interaction between the State, the market and society, with social effervescence and the emergence of new forms of participation The citizenry is a party to the compact, as a full bearer of rights, with the State acting as guarantor of those rights

22 Compacts relating to the seven pillars for transforming the region s development process A fiscal compact A compact for investment and industrial policy A social and labour compact A compact for social welfare and public services A compact for environmental sustainability A compact for natural resource governance A compact among the international community for development and cooperation towards 2030

23 Compacts make it politically feasible to chart a new path of growth and structural change to ensure progressive and sustainable steps towards greater equality, based on proposals that have been developed and implemented by participatory and democratic methods, thus avoiding the danger that proposals will remain in the realm of volunteerism and the expression of good intentions.

24

A complex international context and the 2030 Agenda The Latin American and Caribbean perspective

A complex international context and the 2030 Agenda The Latin American and Caribbean perspective A complex international context and the 2030 Agenda The Latin American and Caribbean perspective ALICIA BÁRCENA EXECUTIVE SECRETARY Meeting of Minister of Foreign Affairs of CELAC Santo Domingo, April

More information

Horizons 2030 Equality at the Centre of Sustainable Development. Alicia Bárcena Executive Secretary

Horizons 2030 Equality at the Centre of Sustainable Development. Alicia Bárcena Executive Secretary Horizons 2030 Equality at the Centre of Sustainable Development Executive Secretary Why is the prevailing development pattern unsustainable? Because it is associated with falling growth in production and

More information

OFFICIAL DEVELOPMENT ASSISTANCE AND THE FIGHT AGAINST POVERTY AND HUNGER IN LATIN AMERICA AND THE CARIBBEAN

OFFICIAL DEVELOPMENT ASSISTANCE AND THE FIGHT AGAINST POVERTY AND HUNGER IN LATIN AMERICA AND THE CARIBBEAN OFFICIAL DEVELOPMENT ASSISTANCE AND THE FIGHT AGAINST POVERTY AND HUNGER IN LATIN AMERICA AND THE CARIBBEAN Regional Consultations on the Economic and Social Council Annual Ministerial Review Ministry

More information

Latin America in the New Global Order. Vittorio Corbo Governor Central Bank of Chile

Latin America in the New Global Order. Vittorio Corbo Governor Central Bank of Chile Latin America in the New Global Order Vittorio Corbo Governor Central Bank of Chile Outline 1. Economic and social performance of Latin American economies. 2. The causes of Latin America poor performance:

More information

By Giovanni di Cola Officer in Charge, ILO Decent Work Team and Office for the Caribbean and

By Giovanni di Cola Officer in Charge, ILO Decent Work Team and Office for the Caribbean and By Giovanni di Cola Officer in Charge, ILO Decent Work Team and Office for the Caribbean and Youth Women Indigenous Persons Migrant workers Domestic Workers Persons with disability Vulnerable Groups The

More information

The repercussions of the crisis on the countries of Latin America and the Caribbean

The repercussions of the crisis on the countries of Latin America and the Caribbean The repercussions of the crisis on the countries of Latin America and the Caribbean Second Meeting of Ministers of Finance of the Americas and the Caribbean Viña del Mar (Chile), 3 July 29 1 Alicia Bárcena

More information

New Economical, Political and Social Trends in Latin America, and the Demands for Participation

New Economical, Political and Social Trends in Latin America, and the Demands for Participation New Economical, Political and Social Trends in Latin America, and the Demands for Participation Bernardo Kliksberg DPADM/DESA/ONU 21 April, 2006 AGENDA 1. POLITICAL CHANGES 2. THE STRUCTURAL ROOTS OF THE

More information

Unpaid domestic work: its relevance to economic and social policies

Unpaid domestic work: its relevance to economic and social policies Unpaid domestic work: its relevance to economic and social policies Rebeca Grynspan Director, Economic Commission for Latin American and the Caribbean, Subregional Headquarters in Mexico. Conference on

More information

Wage Inequality in Latin America: Understanding the Past to Prepare for the Future Julian Messina and Joana Silva

Wage Inequality in Latin America: Understanding the Past to Prepare for the Future Julian Messina and Joana Silva Wage Inequality in Latin America: Understanding the Past to Prepare for the Future Julian Messina and Joana Silva 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 US (Billions) Gini points, average Latin

More information

INTERNATIONAL MIGRATION IN THE AMERICAS

INTERNATIONAL MIGRATION IN THE AMERICAS INTERNATIONAL MIGRATION IN THE AMERICAS SICREMI 2012 EXECUTIVE SUMMARY Organization of American States Organization of American States INTERNATIONAL MIGRATION IN THE AMERICAS Second Report of the Continuous

More information

Conservative transformation in Latin America: can social inclusion justify unsustainable production? Vivianne Ventura-Dias

Conservative transformation in Latin America: can social inclusion justify unsustainable production? Vivianne Ventura-Dias Conservative transformation in Latin America: can social inclusion justify unsustainable production? Vivianne Ventura-Dias Latin America: inequality and violence. Why so unequal? Why so violent? Conservative

More information

A. Growing dissatisfaction with hyperglobalization

A. Growing dissatisfaction with hyperglobalization Contents A. Growing dissatisfaction with hyperglobalization B. The region s vulnerable participation in global trade C. A political scenario with new uncertainties A. Growing dissatisfaction with hyperglobalization

More information

Poverty Reduction and Economic Management The World Bank

Poverty Reduction and Economic Management The World Bank Financiamento del Desarollo Productivo e Inclusion Social Lecciones para America Latina Danny Leipziger Vice Presidente Poverty Reduction and Economic Management, Banco Mundial LAC economic growth has

More information

FORMS OF WELFARE IN LATIN AMERICA: A COMPARISON ON OIL PRODUCING COUNTRIES. Veronica Ronchi. June 15, 2015

FORMS OF WELFARE IN LATIN AMERICA: A COMPARISON ON OIL PRODUCING COUNTRIES. Veronica Ronchi. June 15, 2015 FORMS OF WELFARE IN LATIN AMERICA: A COMPARISON ON OIL PRODUCING COUNTRIES Veronica Ronchi June 15, 2015 0 Wellness is a concept full of normative and epistemological meanings welfare state is a system

More information

for Latin America (12 countries)

for Latin America (12 countries) 47 Ronaldo Herrlein Jr. Human Development Analysis of the evolution of global and partial (health, education and income) HDI from 2000 to 2011 and inequality-adjusted HDI in 2011 for Latin America (12

More information

The recent socio-economic development of Latin America presents

The recent socio-economic development of Latin America presents 35 KEYWORDS Economic growth Poverty mitigation Evaluation Income distribution Public expenditures Population trends Economic indicators Social indicators Regression analysis Latin America Poverty reduction

More information

Earnings Inequality, Educational Attainment and Rates of Returns to Education after Mexico`s Economic Reforms

Earnings Inequality, Educational Attainment and Rates of Returns to Education after Mexico`s Economic Reforms Latin America and the Caribbean Region The World Bank Poverty Reduction and Economic Management Division The World Bank Earnings Inequality, Educational Attainment and Rates of Returns to Education after

More information

Did NAFTA Help Mexico? An Assessment After 20 Years February 2014

Did NAFTA Help Mexico? An Assessment After 20 Years February 2014 Did NAFTA Help Mexico? An Assessment After 20 Years February 2014 Mark Weisbrot Center for Economic and Policy Research www.cepr.net Did NAFTA Help Mexico? Since NAFTA, Mexico ranks 18th of 20 Latin American

More information

The Initiative. Towards the Eradication of Child Under nutrition in Latin America & the Caribbean by Latin America & the Caribbean

The Initiative. Towards the Eradication of Child Under nutrition in Latin America & the Caribbean by Latin America & the Caribbean The Initiative Latin America & the Caribbean Towards the Eradication of Child Under nutrition in Latin America & the Caribbean by 2015 Delivered by: Pedro Medrano Regional Director United Nations World

More information

Carolina Sánchez Páramo World Bank July 21, 2009

Carolina Sánchez Páramo World Bank July 21, 2009 Carolina Sánchez Páramo World Bank July 21, 2009 Relationship between ideology of governing party and poverty/inequality in 2000 2006? Ideology poverty/inequality Focus on Frequency of poverty/inequality

More information

Reducing poverty amidst high levels of inequality: Lessons from Latin America and the Caribbean

Reducing poverty amidst high levels of inequality: Lessons from Latin America and the Caribbean Reducing poverty amidst high levels of inequality: Lessons from Latin America and the Caribbean Simone Cecchini, Senior Social Affairs Officer, Social Development Division Economic Commission for Latin

More information

Income, Deprivation, and Perceptions in Latin America and the Caribbean:

Income, Deprivation, and Perceptions in Latin America and the Caribbean: Income, Deprivation, and Perceptions in Latin America and the Caribbean: New Evidence from the Gallup World Poll Leonardo Gasparini* Walter Sosa Escudero** Mariana Marchionni* Sergio Olivieri* * CEDLAS

More information

III. RELEVANCE OF GOALS, OBJECTIVES AND ACTIONS IN THE ICPD PROGRAMME OF ACTION FOR THE ACHIEVEMENT OF MDG GOALS IN LATIN AMERICA AND THE CARIBBEAN

III. RELEVANCE OF GOALS, OBJECTIVES AND ACTIONS IN THE ICPD PROGRAMME OF ACTION FOR THE ACHIEVEMENT OF MDG GOALS IN LATIN AMERICA AND THE CARIBBEAN III. RELEVANCE OF GOALS, OBJECTIVES AND ACTIONS IN THE ICPD PROGRAMME OF ACTION FOR THE ACHIEVEMENT OF MDG GOALS IN LATIN AMERICA AND THE CARIBBEAN Economic Commission for Latin America and the Caribbean

More information

Distr. LIMITED LC/L.4068(CEA.8/3) 22 September 2014 ENGLISH ORIGINAL: SPANISH

Distr. LIMITED LC/L.4068(CEA.8/3) 22 September 2014 ENGLISH ORIGINAL: SPANISH Distr. LIMITED LC/L.4068(CEA.8/3) 22 September 2014 ENGLISH ORIGINAL: SPANISH Eighth meeting of the Statistical Conference of the Americas of the Economic Commission for Latin America and the Caribbean

More information

Reducing poverty amidst high levels of inequality: Lessons from Latin America and the Caribbean

Reducing poverty amidst high levels of inequality: Lessons from Latin America and the Caribbean STRATEGIES FOR ERADICATING POVERTY TO ACHIEVE SUSTAINABLE DEVELOPMENT FOR ALL Reducing poverty amidst high levels of inequality: Lessons from Latin America and the Caribbean Simone Cecchini Social Development

More information

The Road Ahead. What should be done to improve capacity of developing countries to finance trade

The Road Ahead. What should be done to improve capacity of developing countries to finance trade The Road Ahead What should be done to improve capacity of developing countries to finance trade Rubens V. Amaral Jr. CEO, Bladex Geneva, March 27 th 2015 a) Latin America context - Trade Finance Availability

More information

Rapid Assessment of Data Collection Structures in the Field of Migration, in Latin America and the Caribbean

Rapid Assessment of Data Collection Structures in the Field of Migration, in Latin America and the Caribbean www.migration-eu-lac.eu Rapid Assessment of Data Collection Structures in the Field of Migration, in Latin America and the Caribbean EXECUTIVE SUMMARY PURPOSE OF THE STUDY The purpose of this document

More information

Purchasing power parities for Latin America and the Caribbean, : methods and results

Purchasing power parities for Latin America and the Caribbean, : methods and results Purchasing power parities for Latin America and the Caribbean, 2005-2013: methods and results Hernán Epstein and Salvador Marconi ABSTRACT This work sets out some methodological aspects and gross domestic

More information

Alicia Bárcena Executive Secretary. Laura López Secretary of the Commission

Alicia Bárcena Executive Secretary. Laura López Secretary of the Commission Alicia Bárcena Executive Secretary Laura López Secretary of the Commission Osvaldo Rosales Director of the Division of International Trade and Integration and document coordinator Diane Frishman Offi cer

More information

Welfare, inequality and poverty

Welfare, inequality and poverty 97 Rafael Guerreiro Osório Inequality and Poverty Welfare, inequality and poverty in 12 Latin American countries Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, El Salvador, Mexico, Paraguay, Peru,

More information

Symposium on Preferential Trade Agreements and Inclusive Trade: Latin American cases

Symposium on Preferential Trade Agreements and Inclusive Trade: Latin American cases Symposium on Preferential Trade Agreements and Inclusive Trade: Latin American cases José Durán Lima Chief, Regional Integration Unit Division of International Trade and Integration, ECLAC Bangkok, December

More information

ABC. The Pacific Alliance

ABC. The Pacific Alliance ABC The Pacific Alliance 1 The Pacific Alliance Deep integration for prosperity The Pacific Alliance is a mechanism for regional integration formed by Chile, Colombia, Mexico and Peru, in April 2011. It

More information

REPORT ON THE ACTIVITIES OF THE COMMISSION biennium

REPORT ON THE ACTIVITIES OF THE COMMISSION biennium Economic Commission for Latin America and the Caribbean Thirty-first session of the Commission Montevideo, Uruguay, 20-24 March 2006 REPORT ON THE ACTIVITIES OF THE COMMISSION 2004-2005 biennium REPORT

More information

Charting South Korea s Economy, 1H 2017

Charting South Korea s Economy, 1H 2017 Charting South Korea s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

LSE Global South Unit Policy Brief Series

LSE Global South Unit Policy Brief Series ISSN 2396-765X LSE Policy Brief Series Policy Brief No.1/2018. The discrete role of Latin America in the globalization process. By Iliana Olivié and Manuel Gracia. INTRODUCTION. The global presence of

More information

The European Union and Latin America and the Caribbean in the new economic and social context

The European Union and Latin America and the Caribbean in the new economic and social context The European Union and Latin America and the Caribbean in the new economic and social context The European Union and Latin America and the Caribbean in the new economic and social context Alicia Bárcena

More information

THE AMERICAS. The countries of the Americas range from THE AMERICAS: QUICK FACTS

THE AMERICAS. The countries of the Americas range from THE AMERICAS: QUICK FACTS THE AMERICAS THE AMERICAS The countries of the Americas range from the continent-spanning advanced economies of Canada and the United States to the island microstates of the Caribbean. The region is one

More information

Distr. GENERAL LC/G.2602(SES.35/13) 5 April 2014 ENGLISH ORIGINAL: SPANISH SOUTH-SOUTH COOPERATION. Note by the secretariat

Distr. GENERAL LC/G.2602(SES.35/13) 5 April 2014 ENGLISH ORIGINAL: SPANISH SOUTH-SOUTH COOPERATION. Note by the secretariat Distr. GENERAL LC/G.2602(SES.35/13) 5 April 2014 ENGLISH ORIGINAL: SPANISH 2014-92 SOUTH-SOUTH COOPERATION Note by the secretariat 2 CONTENTS I. INTRODUCTION... 3 II. THE MANDATES BY VIRTUE OF RESOLUTION

More information

Stagnant Poverty Reduction in Latin America

Stagnant Poverty Reduction in Latin America Public Disclosure Authorized Poverty and Inequality Monitoring: Latin America and the Caribbean Stagnant Poverty Reduction in Latin America Public Disclosure Authorized Public Disclosure Authorized Public

More information

Economic. and Social. Panorama. of the Community of Latin American. and Caribbean States,

Economic. and Social. Panorama. of the Community of Latin American. and Caribbean States, Economic and Social Panorama of the Community of Latin American and Caribbean States, 214 Alicia Bárcena Executive Secretary Antonio Prado Deputy Executive Secretary Luis Fidel Yáñez Officer in Charge,

More information

THE REGIONAL SITUATION

THE REGIONAL SITUATION CHAPTER two THE REGIONAL SITUATION 2.1 THE URBANIZATION PROCESS IN LATIN AMERICA AND THE CARIBBEAN The still accelerated population growth and its concentration in urban areas, industrial development and

More information

The globalization of inequality

The globalization of inequality The globalization of inequality François Bourguignon Paris School of Economics Public lecture, Canberra, May 2013 1 "In a human society in the process of unification inequality between nations acquires

More information

THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement

THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement THAILAND SYSTEMATIC COUNTRY DIAGNOSTIC Public Engagement March 2016 Contents 1. Objectives of the Engagement 2. Systematic Country Diagnostic (SCD) 3. Country Context 4. Growth Story 5. Poverty Story 6.

More information

U.S.-Latin America Trade: Recent Trends

U.S.-Latin America Trade: Recent Trends Order Code 98-840 Updated May 18, 2007 U.S.-Latin America Trade: Recent Trends Summary J. F. Hornbeck Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division Since congressional

More information

Poverty and Social Change in Colombia Diagnostic and Main Challenges

Poverty and Social Change in Colombia Diagnostic and Main Challenges Poverty and Social Change in Colombia Diagnostic and Main Challenges Juan M. Ramírez Fedesarrollo, Associate Researcher (with the contribution of Roberto Angulo, Inclusion, Director) Revisiting Socio-economic

More information

Economic and Social Panorama of the Community of Latin American and Caribbean States, 2013

Economic and Social Panorama of the Community of Latin American and Caribbean States, 2013 Economic and Social Panorama of the Community of Latin American and Caribbean States, 213 Alicia Bárcena Executive Secretary Antonio Prado Deputy Executive Secretary Ricardo Pérez Chief, Publications and

More information

Internal Migration and Development in Latin America

Internal Migration and Development in Latin America Internal Migration and Development in Latin America Francisco Rowe Philipp Ueffing Martin Bell Elin Charles-Edwards 8th International Conference on Population Geographies, 30 th June- 3 rd July, 2015,

More information

Patterns and drivers of trends in migration and urbanization: regional perspectives: Migration and Cities in Latin America and the Caribbean

Patterns and drivers of trends in migration and urbanization: regional perspectives: Migration and Cities in Latin America and the Caribbean UNITED NATIONS EXPERT GROUP MEETING ON SUSTAINABLE CITIES, HUMAN MOBILITY AND INTERNATIONAL MIGRATION Population Division, Department of Economic and Social Affairs, UN, New York 7-8 September 2017 Patterns

More information

Charting Singapore s Economy, 1H 2017

Charting Singapore s Economy, 1H 2017 Charting Singapore s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

WORLD RADIOLOGY DAY CELEBRATION 2013

WORLD RADIOLOGY DAY CELEBRATION 2013 WORLD RADIOLOGY DAY CELEBRATION 2013 CURRENT STATUS OF RADIOLOGY IN LATIN AMERICA AND THE CARIBBEAN GLORIA SOTO GIORDANI President Inter American College of Radiology (CIR) Latin America 20 countries:

More information

The services sector in Latin American and Caribbean integration

The services sector in Latin American and Caribbean integration Sistema Económico Latinoamericano y del Caribe Latin American and Caribbean Economic System Sistema Econômico Latino-Americano e do Caribe Système Economique Latinoaméricain et Caribéen The services sector

More information

Charting Indonesia s Economy, 1H 2017

Charting Indonesia s Economy, 1H 2017 Charting Indonesia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

más allá de los promedios

más allá de los promedios L O D D M OS BJETIVOS DE ESARROLLO EL ILENIO más allá de los promedios Draft Do not quote without authors permission. Millennium Development Goals (MDGs) in Latin America: Beyond the Averages Diana Alarcón*

More information

The Emergence of Latin America: A Break with History?

The Emergence of Latin America: A Break with History? The Emergence of Latin America: A Break with History? Mauricio Cárdenas, Brookings Institution Brookings Mountain West University of Nevada, Las Vegas March 1, 2011 It is impossible to understand Latin

More information

Distr. LIMITED LC/L.4008(CE.14/3) 20 May 2015 ENGLISH ORIGINAL: SPANISH

Distr. LIMITED LC/L.4008(CE.14/3) 20 May 2015 ENGLISH ORIGINAL: SPANISH Distr. LIMITED LC/L.4008(CE.14/3) 20 May 2015 ENGLISH ORIGINAL: SPANISH Fourteenth meeting of the Executive Committee of the Statistical Conference of the Americas of the Economic Commission for Latin

More information

26-27 October Paper submitted by. Econ. Eva García Fabre Minister of Industry and Productivity of Ecuador

26-27 October Paper submitted by. Econ. Eva García Fabre Minister of Industry and Productivity of Ecuador Multi-year Expert Meeting Enhancing the Enabling Economic Environment at all Levels in Support of Inclusive and Sustainable Development, and the Promotion of Economic Integration and Cooperation 26-27

More information

The impact of democratic transitions on budgeting and public expenditures

The impact of democratic transitions on budgeting and public expenditures The impact of democratic transitions on budgeting and public expenditures A Latin American perspective Ángel Melguizo OECD Development Centre 4th Annual Meeting of Middle East and North Africa Senior Budget

More information

Daniel Kaufmann, Brookings Institution

Daniel Kaufmann, Brookings Institution Reset Within Russia?: A Comparative Governance Perspective Daniel Kaufmann, Brookings Institution Presentation at the Public Conference The Risks of the Reset, at the Heritage Foundation, Washington, D.C.,

More information

East Asia and Latin America- Discovery of business opportunities

East Asia and Latin America- Discovery of business opportunities East Asia and Latin America- Discovery of business opportunities 2004 FEALAC Young Business Leaders Encounter in Tokyo 12 February 2004, Toranomon Pastoral Hotel Current Economic Situations (Trade and

More information

Globalization, economic growth, employment and poverty. The experiences of Chile and Mexico

Globalization, economic growth, employment and poverty. The experiences of Chile and Mexico Globalization, economic growth, employment and poverty. The experiences of Chile and Mexico Alicia Puyana FLACSO Paper presented at the Conference on Globalization and Employment: Global Shocks, Structural

More information

Find us at: Subscribe to our Insights series at: Follow us

Find us at:   Subscribe to our Insights series at: Follow us . Find us at: www.lapopsurveys.org Subscribe to our Insights series at: insight@mail.americasbarometer.org Follow us at: @Lapop_Barometro China in Latin America: Public Impressions and Policy Implications

More information

Avoiding Crime in Latin America and the Caribbean 1

Avoiding Crime in Latin America and the Caribbean 1 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized WORLD BANK GROUP LATIN AMERICA AND THE CARIBBEAN SERIES NOTE NO. 7 REV. 8/2014 Basic

More information

The Mesoamerican Region

The Mesoamerican Region OECD Territorial Reviews The Mesoamerican Region SOUTHEASTERN MEXICO AND CENTRAL AMERICA OECD ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Table of Contents Abbreviations List 10 Introduction

More information

Immigrant Remittances: Trends and Impacts, Here and Abroad

Immigrant Remittances: Trends and Impacts, Here and Abroad Immigrant Remittances: Trends and Impacts, Here and Abroad Presentation to Financial Access for Immigrants: Learning from Diverse Perspectives, The Federal Reserve Bank of Chicago by B. Lindsay Lowell

More information

Current Situation and Outlook of Asia and the Pacific

Current Situation and Outlook of Asia and the Pacific ESCAP High-level Policy Dialogue Ministry of Finance of the Republic of International Economic Summit 2013 Eleventh Bank Annual International Seminar Macroeconomic Policies for Sustainable Growth with

More information

FGV-OECD Workshop Rio de Janeiro, October, 6, 2008 Andre Hofman (ECLAC) Presentation and additional comments by Aloisio Campelo Jr.

FGV-OECD Workshop Rio de Janeiro, October, 6, 2008 Andre Hofman (ECLAC) Presentation and additional comments by Aloisio Campelo Jr. FGV-OECD Workshop Rio de Janeiro, October, 6, 2008 Andre Hofman (ECLAC) Presentation and additional comments by Aloisio Campelo Jr. (FGV) Business Tendency Surveys in Latin America Business Tendency Surveys

More information

Globalization and social development

Globalization and social development GLOBALIZATION AND SOCIAL DEVELOPMENT CHAPTER 10 Chapter 10 Globalization and social development The recent phase of globalization has drawn increasing attention to the region s persistent social deficits,

More information

Fourth High Level Dialogue on Financing for Development. United Nations, New York, March 2010.

Fourth High Level Dialogue on Financing for Development. United Nations, New York, March 2010. The impact of the current financial and economic crisis on foreign direct investment and other private flows, external debt and international trade in emerging market economies Fourth High Level Dialogue

More information

Migration and Developing Countries

Migration and Developing Countries Migration and Developing Countries Jeff Dayton-Johnson Denis Drechsler OECD Development Centre 28 November 2007 Migration Policy Institute Washington DC International migration and developing countries

More information

Labor market institutions and the distribution of wages in Latin America. The role of Minimum Wage

Labor market institutions and the distribution of wages in Latin America. The role of Minimum Wage Labor market institutions and the distribution of wages in Latin America. The role of Minimum Wage Roxana Maurizio Instituto Interdisciplinario de Economía Política (IIEP) UBA-CONICET, Argentina UN DESA,

More information

The Big Switch in Latin America: Restoring Growth Through Trade

The Big Switch in Latin America: Restoring Growth Through Trade 216/FDM2/3 Session 1 The Big Switch in Latin America: Restoring Growth Through Trade Purpose: Information Submitted by: World Bank Group Finance and Central Bank Deputies Meeting Lima, Peru 14 October

More information

Mapping Enterprises in Latin America and the Caribbean 1

Mapping Enterprises in Latin America and the Caribbean 1 Enterprise Surveys e Mapping Enterprises in Latin America and the Caribbean 1 WORLD BANK GROUP LATIN AMERICA AND THE CARIBBEAN SERIES NOTE NO. 1 1/213 Basic Definitions surveyed in 21 and how they are

More information

Middle-income countries A structural-gap approach

Middle-income countries A structural-gap approach Middle-income countries A structural-gap approach Alicia Bárcena Executive Secretary Antonio Prado Deputy Executive Secretary Daniel Titelman Chief of the Financing for Development Division Ricardo Pérez

More information

U.S.-Latin America Trade: Recent Trends

U.S.-Latin America Trade: Recent Trends Order Code 98-840 Updated January 2, 2008 U.S.-Latin America Trade: Recent Trends Summary J. F. Hornbeck Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division Since

More information

Latin American Political Economy: The Justice System s Role in Democratic Consolidation and Economic Development

Latin American Political Economy: The Justice System s Role in Democratic Consolidation and Economic Development Latin American Political Economy: The Justice System s Role in Democratic Consolidation and Economic Development Meredith Fensom Director, Law & Policy in the Americas Program University of Florida 1 November

More information

Charting Philippines Economy, 1H 2017

Charting Philippines Economy, 1H 2017 Charting Philippines Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 Next Issue: To be published

More information

DEMOGRAPHIC AND CULTURAL DATA OF LATIN AMERICA AND THE HISPANIC CARIBBEAN. (Complementary information compiled by the Conference Coordinators)

DEMOGRAPHIC AND CULTURAL DATA OF LATIN AMERICA AND THE HISPANIC CARIBBEAN. (Complementary information compiled by the Conference Coordinators) DEMOGRAPHIC AND CULTURAL DATA OF LATIN AMERICA AND THE HISPANIC CARIBBEAN (Complementary information compiled by the Conference Coordinators) The purpose of this complementary document is to show some

More information

THE ROLE OF TECHNICAL ASSISTANCE IN WORLD TRADE ORGANIZATION (WTO) TRADE FACILITATION NEGOTIATIONS

THE ROLE OF TECHNICAL ASSISTANCE IN WORLD TRADE ORGANIZATION (WTO) TRADE FACILITATION NEGOTIATIONS Issue No. 238 June 2006 THE ROLE OF TECHNICAL ASSISTANCE IN WORLD TRADE ORGANIZATION (WTO) TRADE FACILITATION NEGOTIATIONS This issue of the Bulletin presents a brief review of trade facilitation negotiations

More information

Dealing with Government in Latin America and the Caribbean 1

Dealing with Government in Latin America and the Caribbean 1 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized WORLD BANK GROUP LATIN AMERICA AND THE CARIBBEAN SERIES NOTE NO. 6 REV. 8/14 Basic Definitions

More information

AmericasBarometer Insights: 2014 Number 105

AmericasBarometer Insights: 2014 Number 105 AmericasBarometer Insights: 2014 Number 105 Bridging Inter American Divides: Views of the U.S. Across the Americas By laura.e.silliman@vanderbilt.edu Vanderbilt University Executive Summary. The United

More information

INCOME INEQUALITY WITHIN AND BETWEEN COUNTRIES

INCOME INEQUALITY WITHIN AND BETWEEN COUNTRIES INCOME INEQUALITY WITHIN AND BETWEEN COUNTRIES Christian Kastrop Director of Policy Studies OECD Economics Department IARIW general conference Dresden August 22, 2016 Upward trend in income inequality

More information

pacific alliance Why it s important for western Canada the november 2014 carlo dade

pacific alliance Why it s important for western Canada the november 2014 carlo dade the pacific alliance Why it s important for western Canada november 2014 carlo dade CANADA WEST FOUNDATION 2016-17 Patrons Trade & Investment Centre The Canada West Foundation focuses on the policies that

More information

Inter-American Development Bank (IDB)

Inter-American Development Bank (IDB) REPORT ON ACTIVITIES AND PROGRAMMES ON MIGRATION, DEVELOPMENT AND REMITTANCES Inter-American Development Bank (IDB) This paper provides a brief summary of the main activities of the Inter-American Development

More information

Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific

Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific Emerging Market Consumers: A comparative study of Latin America and Asia-Pacific Euromonitor International ESOMAR Latin America 2010 Table of Contents Emerging markets and the global recession Demographic

More information

Remittances To Latin America and The Caribbean in 2010 STABILIZATION. after the crisis. Multilateral Investment Fund Member of the IDB Group

Remittances To Latin America and The Caribbean in 2010 STABILIZATION. after the crisis. Multilateral Investment Fund Member of the IDB Group Remittances To Latin America and The Caribbean in 2010 STABILIZATION after the crisis Multilateral Investment Fund Member of the IDB Group Total: US$ 58.9 billion 2010 REMITTANCES TO LATIN AMERICA AND

More information

Charting Australia s Economy

Charting Australia s Economy Charting Australia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

CARIFORUM EU EPA: A Look at the Cultural Provisions. Rosalea Hamilton Founding Director, Institute of Law & Economics Jamaica.

CARIFORUM EU EPA: A Look at the Cultural Provisions. Rosalea Hamilton Founding Director, Institute of Law & Economics Jamaica. CARIFORUM EU EPA: A Look at the Cultural Provisions Prepared by Rosalea Hamilton Founding Director, Institute of Law & Economics Jamaica March 21, 2018 OVERVIEW Cultural Provisions in the EPA Significance

More information

International migration within Latin America. Mostly labor circulation flows Industrial and urban destinations Rural origin to urban destination

International migration within Latin America. Mostly labor circulation flows Industrial and urban destinations Rural origin to urban destination International migration within Latin America Mostly labor circulation flows Industrial and urban destinations Rural origin to urban destination International to and from Latin America Colonial migrations

More information

The United States and Latin America and the Caribbean. Highlights of economics and trade

The United States and Latin America and the Caribbean. Highlights of economics and trade The United States and Latin America and the Caribbean Highlights of economics and trade Alicia Bárcena Executive Secretary Antonio Prado Deputy Executive Secretary Osvaldo Rosales Chief, Division of International

More information

Hilde C. Bjørnland. BI Norwegian Business School. Advisory Panel on Macroeconomic Models and Methods Oslo, 27 November 2018

Hilde C. Bjørnland. BI Norwegian Business School. Advisory Panel on Macroeconomic Models and Methods Oslo, 27 November 2018 Discussion of OECD Deputy Secretary-General Ludger Schuknecht: The Consequences of Large Fiscal Consolidations: Why Fiscal Frameworks Must Be Robust to Risk Hilde C. Bjørnland BI Norwegian Business School

More information

OECD Paris, May 19, 2010

OECD Paris, May 19, 2010 Nora Lustig Samuel Z. Stone Professor of Latin American Economics Dept. of Economics Tulane University Nonresident Fellow, Center for Global Development and Inter- American Dialogue OECD Paris, May 19,

More information

Trade facilitation and paperless. trade implementation in. Latin America and the Caribbean

Trade facilitation and paperless. trade implementation in. Latin America and the Caribbean Trade facilitation and paperless trade implementation in Latin America and the Caribbean Regional Report 2017 Trade facilitation and paperless trade implementation in Latin America and the Caribbean Regional

More information

Aspects of recent developments in the Latin American and Caribbean labour markets

Aspects of recent developments in the Latin American and Caribbean labour markets Aspects of recent developments in the Latin American and Caribbean labour markets Jürgen Weller ABSTRACT This article presents three stylized facts that characterized the evolution of labour markets in

More information

HOW ECONOMIES GROW AND DEVELOP Macroeconomics In Context (Goodwin, et al.)

HOW ECONOMIES GROW AND DEVELOP Macroeconomics In Context (Goodwin, et al.) Chapter 17 HOW ECONOMIES GROW AND DEVELOP Macroeconomics In Context (Goodwin, et al.) Chapter Overview This chapter presents material on economic growth, such as the theory behind it, how it is calculated,

More information

Charting Cambodia s Economy

Charting Cambodia s Economy Charting Cambodia s Economy Designed to help executives catch up with the economy and incorporate macro impacts into company s planning. Annual subscription includes 2 semiannual issues published in June

More information

REMITTANCES TO LATIN AMERICA AND THE CARIBBEAN IN 2013: STILL BELOW PRE CRISIS LEVELS

REMITTANCES TO LATIN AMERICA AND THE CARIBBEAN IN 2013: STILL BELOW PRE CRISIS LEVELS REMITTANCES TO LATIN AMERICA AND THE CARIBBEAN IN 2013: STILL BELOW PRE CRISIS LEVELS Multilateral Investment Fund Member of the IDB Group REMITTANCES TO LATIN AMERICA AND THE CARIBBEAN IN 2013: STILL

More information

Mortgage Program for Mexican Migrant Workers. Second International Conference on Migrant Remittances London, November 2006

Mortgage Program for Mexican Migrant Workers. Second International Conference on Migrant Remittances London, November 2006 Mortgage Program for Mexican Migrant Workers Second International Conference on Migrant Remittances London, November 2006 Contents 5 I. Introduction II. Mi Casa Program in Mexico What is SHF 6 Government

More information

Two regions, one vision LOGISTIC MANUAL (PRESS)

Two regions, one vision LOGISTIC MANUAL (PRESS) Two regions, one vision LOGISTIC MANUAL (PRESS) For the 16 th Meeting of Senior Officials and the 7 th Meeting of Ministers of Foreign Affairs of the Forum of East Asia - Latin Amaerica Cooperation (FEALAC)

More information

Asia and the Pacific s Perspectives on the Post-2015 Development Agenda

Asia and the Pacific s Perspectives on the Post-2015 Development Agenda Ver: 2 Asia and the Pacific s Perspectives on the Post-2015 Development Agenda Dr. Noeleen Heyzer Executive Secretary United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Bangkok

More information

U.S.-China Relations in a Global Context: The Case of Latin America and the Caribbean. Daniel P. Erikson Director Inter-American Dialogue

U.S.-China Relations in a Global Context: The Case of Latin America and the Caribbean. Daniel P. Erikson Director Inter-American Dialogue U.S.-China Relations in a Global Context: The Case of Latin America and the Caribbean By Daniel P. Erikson Director Inter-American Dialogue Prepared for the Fourth Dialogue on US-China Relations in a Global

More information