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This working paper examines two issues concerning foreign state-controlled investors: whether the doctrine of foreign state immunity may make it difficult for private parties to pursue legitimate claims against them and whether that doctrine creates regulatory enforcement gaps for host countries.
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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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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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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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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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This research deals with two key issues for many emerging countries: sovereign ratings provided by OECD-based firms and remittance flows. Previous upsurge episodes in remittance flows have underlined the interactions
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This analysis highlights, from a governmental and political perspective, the need to avoid fiscal deteriorations around elections in Latin America.