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NICs (Chinese Taipei; Hong Kong, China; Korea and Singapore) have been successful in attaining income convergence with high-income countries while Latin American countries remain caught in the Middle-Income Trap.
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Rapid and sustained economic growth in the emerging world has brought new members into the group of middle-income countries. Reaching this level of income has historically presented countries with new challenges, resulting in slowing growth and an entrapment in 'the middle-income trap'.
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Rapid and sustained economic growth in the emerging world has brought new members, notably China, into the group of middle-income countries. Reaching this level of income, however, has historically presented countries with a new set of challenges to development, resulting in slowing growth and an entrapment in what is known as the middle-income trap.
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Latin American and Caribbean countries have shown themselves to be in a stable position to confront international turmoil. Sustained growth and democratic stability have strengthened the region, and have led to less pronounced recessions and more swift recoveries compared to OECD economies.
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Disponer de un conjunto sólido de datos comparables es fundamental para facilitar el diálogo sobre política fiscal y la evaluación de alternativas de reforma fiscal.
The Fiscal Observatory for Latin America and the Caribbean (Observatorio Fiscal de América Latina y el Caribe) launched on 24 January aims to improve the quality of fiscal policy in Latin America by providing access to analysis, data, monitoring and debates on fiscal policy throughout the region.
New working paper release from Fedesarrollo on Making reform in Colombia: the process of regional transfer reform.
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Revenue Statistics in Latin America, a joint publication by the OECD Centre for Tax Policy and Administration, OECD Development Centre, the Economic Commission for Latin America and the Caribbean and the Inter-American Centre of Tax Administrations, launched in Santiago, Chile on 25 January, 2012.
OECD Development Centre Director cited by Colombian President
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Latin American Economic Outlook 2012: Transforming the State for Development was presented by OECD Secretary-General Angel Gurría and ECLAC Executive Secretary Alicia Bárcena during the XXI Iberoamerican Summit in Asunción, Paraguay, 28 October 2011. Download a PDF of th