Latin America in the 1990s remains the most unequal region in the world in terms of income distribution. Yet because of its changing demographics -declining fertility rates and large number of young people entering the workforce- the region now has a unique window of opportunity to reduce the...

The financial system of Jamaica has undergone several structural changes in the last decades, moving from a heavy foreign participation to nationalization, and from nationalization to privatization. This document discusses the problems faced by financial institutions and insurance companies in...

In this project, the authors analyze the budgetary process to determine who decides on public expenditures in Brazil. The focus is not so much on the actual fiscal outcomes that emerge from the budgetary process, but rather on the policy making process that generates those outcomes. This...

Revitalizing the Jamaican Economy: Policies for Sustained Growth aims to improve our understanding of the constraints to social and economic development in Jamaica. It also proposes practical solutions to overcome some of those problems. This book is a collection of studies commissioned by the...

Revitalizing the Jamaican Economy: Policies for Sustained Growth aims to improve our understanding of the constraints to social and economic development in Jamaica. It also proposes practical solutions to overcome some of those problems. This book is a collection of studies commissioned by the...

Latin America in the 1990s remains the most unequal region in the world in terms of income distribution. Yet because of its changing demographics -declining fertility rates and large number of young people entering the workforce- the region now has a unique window of opportunity to reduce the...

This paper analyses the dynamics of policy-making among the various political institutions in Brazil. The authors find that the driving force behind policies in Brazil is the strong set of powers given to the President, though several institutions constrain and check this power, in particular...

This project examines fiscal reforms in Brazil since the 1990s, particularly in taxation, budgeting, and fiscal federalism. While recentralizing fiscal authority and massively expanding the extractive capacity of the state, policymakers chose not to revamp an inefficient tax system that has...

La Revista Integración & Comercio del BID incluye artículos referidos a las distintas manifestaciones del proceso de integración en América Latina y el Caribe, a la integración hemisférica y, también, a los procesos con igual orientación que se llevan a cabo en otras partes del mundo....

This presentation examines the reasons behind poor economic performance in Latin America and the resulting economic and social costs, with a particular focus on Chile. The study concludes that the problem lies in the low productivity of the manufacturing and service sectors. Given the increasing...