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A strengthened social contract in Latin American countries relies on the improved quality of public services such as health and education, which would build a constituency for a broader tax base.
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Income is very unequally distributed in Latin America – but so too are opportunities for upward mobility. Early childhood development is a powerful mechanism to level the social playing field. More and better secondary education is key.
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Social protection coverage is quite low in Latin America. This situation represents a challenge for public policy since these low levels of affiliation and irregular contribution histories indicate that pensions will be insufficient in the coming decades.
This paper studies the impact of workers’ remittances on sovereign ratings in 55 developing countries over the period 1993–2006. First, it looks at the determinants of sovereign ratings, including remittance flows.
In his remarks, A. Gurría said that the middle sectors in Latin America are closer to the disadvantaged than to the affluent in many aspects.
Aunque la clase media en América Latina está creciendo y comienza a ser un motor para el progreso económico, continúa siendo económicamente vulnerable en comparación con los países de alto ingreso de la OCDE, de acuerdo al Secretario General de la OCDE.
Even though the growing middle class in Latin America is becoming an engine of economic progress, it remains economically vulnerable when compared with high income OECD countries, according to the OECD Development Centre’s Latin American Economic Outlook 2010.
Perspectivas Económicas de América Latina 2011
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Setting the scene: Infrastructure patterns in emerging markets. By Christian Daude and Ángel Melguizo
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Is the social contract in Latin America broken? This paper analyses empirically the relationship between fiscal policy, social mobility and democratic consolidation in Latin America and the Caribbean, using the 2007 and 2008 rounds of the regional Latinobarómetro survey.