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Discussions on how best to exit from global imbalances to create a more balanced world economy have ignored the impact on poor countries of proposals to redress these imbalances.
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Many indicators suggested that Latin America has faced the crisis in a much better macroeconomic position that in the past. Is Latin America’s new resilience a permanent change?
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Is South America cursed by its natural resources? Does China’s penetration of the region renew the region’s comparative advantage in natural resources? Does South America’s trade specialisation stand in the way of regional integration? This paper tries to answer these questions.
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This paper combines development and growth accounting exercises witheconomic theory to estimate the relative importance of total factor productivity and the accumulation of factors of production in the economic development performance of Latin America.
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GDP per capita in Latin America has been falling behind high-income countries and other benchmarks for decades. in this paper, we explore some of the potential roots of this poor performance by using development accounting techniques.
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There is an increasing concern in the development community about the increase in the ‘feminisation of bad jobs’ of many developing countries. Indeed, recent analysis shows a growing proportion of women are in jobs with poor working conditions and low pay. But what is driving this phenomenon?
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The shift in global goods production towards Asia is well documented. But global consumer demand has so far been concentrated in the rich economies of the OECD. Will that also shift towards Asia as these countries get richer?
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This paper investigates whether increased import competition leads firms to engage in incremental innovation reflected in product quality upgrading. The econometric analysis relies on a rich dataset of Chilean manufacturing firms and their products.
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Past studies focused on aggregate country data but a sector analysis provides a better picture of fragmentation. We start by counting the number of aid projects in the developing world and find that, in 2007, more
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Global allocation of capital and fluctuations in asset prices are increasingly influenced by the activities of Sovereign wealth funds (SWFs).