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Paper by Jason Gagnon, David Khoudour-Castéras and Victoire Lefebvre, OECD Development Centre
The Latin American Economic Outlook 2011: How middle-class is Latin America? was presented in Santo Domingo on 9 March 2011, at the Ministry of Economy, Planning and Development of the Dominican Republic.
WikiGender piloting University Programme / Latest edition of Asian Business Cycle Indicators published
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The OECD Development Centre Head of Regional desks, Mr. Kiichiro Fukasaku, participated as a lead discussant in Session II "Current Pledges to Curb Emissions and National Strategies for Promoting Green Growth" of the two-day International Workshop on "Climate Change and Green Asia" in Japan.
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Persistence in educational achievements across generations in Latin America arises from high returns to education, low progressivity in public investment in human capital and lack of access to proper financing. Education and other social policies to boost upward mobility are discussed.
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In a sample of 128 countries, we identify 25 episodes of large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Results show that an exchange rate appreciation can have strong effects on current account balances.
Leaders call for a Latin American Decade / ASEAN recovery losing momentum
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Informality remains pervasive in Latin American and Caribbean labour markets. Many “middle-sectors workers” (around the middle of the income distribution) are employed informally and contribute irregularly to a public or private pension.
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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.