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Over the course of the last decade, Latin America has achieved economic expansion and made significant progress in poverty reduction.
The global scenario is less benign for the region due to a downturn in global trade, a decline in commodity prices and increased uncertainty surrounding external financing, says the new Latin American Economic Outlook.
After a decade of relatively strong growth, Latin America is facing headwinds associated with declining trade, a moderation in commodity prices and increasing uncertainty over external financial conditions, according to the latest Latin American Economic Outlook jointly produced by the OECD Development Centre, the UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and CAF - Development Bank of Latin America.
Start-ups are gaining momentum in Latin America's innovation strategies. Start-up Latin America: Promoting Innovation in the Region analyses the role of policies in promoting the creation and expansion of start-ups. It provides a comparative snapshot of recent initiatives in six countries in the region to identify good practices and foster knowledge sharing to improve innovation policy design and implementation.
English, PDF, 2,442kb
Fiscal policy plays an essential role in reducing income inequality in OECD countries while this effect tends to be lower in Latin American economies. This paper adds to the discussion by looking at the issue from a tax-benefit analysis perspective; namely by estimating the impact of the welfare system on the different income groups in Chile and Mexico.
English, PDF, 1,886kb
This paper reviews road concession programmes in Chile, Colombia and Peru over the period 1993-2010 and analyses how their shortcomings have resulted in large extra fiscal costs. Weak State institutions, unclear legislation and deficient contract design have allowed for frequent and costly renegotiation of road concessions.
Instead of resorting to trade measures such as export restrictions, Chile manages its minerals sector through a combination of balanced taxation, stable investment measures, good management of tax revenue, exchange rate policy and initiatives aimed at producing a multiplier effect of economy-wide development, according to this study.
El año 2010 será un “año de recuperación” crítico para América Latina y las decisiones que se tomen en esta fase serán cruciales para determinar el futuro de estos países, segun el Secretario General de la OCDE.