As Latin America and the Caribbeans "Great Liberalization" reaches its 30th anniversary, we revisit the trade and growth debate by updating and expanding Estevadeordal and Taylors 2013 paper. To better understand the regions heterogeneity of policies and outcomes, we extend this analysis to...

The aim of this paper is twofold. First, it provides a comprehensive assessment of the financial cost informal workers would incur if they entered formal employment in five Latin American countries: Bolivia, Colombia, Ecuador, Peru, and Venezuela. Then, it analyzes the extent to which...

This document contributes to the scarce empirical literature on the role of services as a source of manufacturing competitiveness in developing economies, providing evidence on the Latin American region. The 2018 release of the Organisation for Economic Co-operation and Development (OECD)’s...

Este documento presenta algunas herramientas de política comercial que pueden contribuir a la igualdad de género. Para avanzar en esta política, es importante contar con datos desagregados por sexo para analizar cómo las mujeres podrían ser afectadas por ciertas reglas del comercio. Un...

The growth of Foreign Direct Investment (FDI) in developing countries over the last decade has attracted an intense academic and policy-oriented interest for its determinants. Despite the gravity model being considered a useful tool to approximate bilateral FDI flows, the literature has seen a...

In this study, we explore the hypotheses that (a) workers' remittances enhance economic growth in Latin American countries, and (b) workers' remittances help reduce poverty in Latin American countries. In recent decades, workers' remittances have become an important source of income for many...

While the COVID-19 pandemic posits a significant challenge to all societies around the world, it also reveals in the most dramatic manner the many abysmal differences between so-called advanced economies and the developing world.

Social protection is the first axis of the Regional Agenda for Inclusive Social Development, which was recently adopted at the third session of the Regional Conference on Social Development in Latin America and the Caribbean, held in Mexico City in October 2019. This Agenda, through which the...

Central bank reserves function as a liquidity buffer to mitigate country exposure and vulnerability to external shocks. Emerging Market Economies are the countries most exposed to the volatility of capital flows and have usually preferred to build up large war-chests of international reserves as...

This study was prepared by the Economic Commission for Latin America and the Caribbean (ECLAC), at the request of the Government of Mexico in its capacity as Pro Tempore Chair of the Community of Latin American and Caribbean States (CELAC), at the virtual ministerial meeting on health matters...

Han pasado 30 años desde la adopción del Convenio sobre Pueblos Indígenas y Tribales, 1989 (núm. 169) de la Organización Internacional del Trabajo (OIT) y, a pesar de que los Estados de América Latina reconocieron plenamente los derechos de los pueblos indígenas, este continúa siendo uno...