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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.
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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.
Tax revenues in Latin American countries are lower as a proportion of their national incomes than in most OECD countries, but are rising slowly. Revenue Statistics in Latin America shows that the average tax revenue to GDP ratio in the 15 Latin American countries covered by the report increased from 19% in 2009 to 19.4% in 2010, after falling from a high point of 19.7% in 2008.
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
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.
América Latina tiene que lograr un crecimiento justo, más incluyente. Reducir las disparidades es un imperativo político, económico y moral, según Angel Gurría.
The Latin American Economic Outlook 2010 analyses the impact of the economic crisis in Latin America with a focus on migrations and remittances flows
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Article by Javier Santiso in Portuguese
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Siguen en pie - Article by Javier Santiso in Spanish about Multilatinas