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Latest Publications

  • Latin America and the Caribbean 2030: Future Scenarios

    Marczak, Jason;Engelke, Peter;Bohl, David;Saldarriaga Jiménez, Andrea

    Date: Dec, 2016

    Strategic foresight is critical to moving a country or region in the right direction. Leaders nearly everywhere in the world are overwhelmed by the crush of events, focusing their attention on the present rather than the long term. Latin America and the Caribbean is no different. But complacency in thinking and planning for the future can no longer be the status quo. At a moment of profound regional and global transformation, the time is now to seize on policy directions that are most likely to take the region in the right direction. While Latin America and the Caribbean has many challenges, through foresight and strategy it could boost its position in the world -as Asia has done already. This publication makes the case for doing just that. Latin America has made incredible economic and political progress over the past decade. The prolonged commodity boom in the 2000s fueled higher growth rates than the Organisation for Economic Co-operation and Development (OECD) average and generated a dramatic drop in the poverty rate and a huge explosion of the middle class. Today, 288 million, or one in three people, are considered middle class. At the same time, with a few notable exceptions, democratic institutions are stronger, with universal suffrage and regular elections now largely the norm. The key question for the future is whether the region can maintain momentum, particularly with China's slowing growth. The end of the commodity boom exposed underlying structural problems in Latin America and the Caribbean. Fiscal and institutional concerns, as well as other social and economic questions, were laid bare. Not only do the next nearly fifteen years require us to solve lingering issues that remain from the mid-teens, but a new direction must be charted so the region can maximize its inherent advantages and best compete in a rapidly changing world.

  • Spurring Innovation-led Growth in Latin America and the Caribbean through Public Procurement

    Uyarra, Elvira;Uyarra, Elvira;Moñux, Diego;Moñux, Diego;Li, Yanchao;Esteban, Adrián;Rigby, John;Ospina, María José;Edler, Jakob

    Date: Nov, 2016

    Public procurement accounts for a significant proportion of overall demand for goods and services. Thus, it could be a useful tool for fostering innovation and economic growth. While interest in the use of public procurement as industrial policy is not new, its potential to spur demand for innovative products and services, create incentives for business innovation, and accelerate the diffusion of new technologies has received much policy attention in recent years. The aim of this study is to advance knowledge on the role of public procurement as a demand-side policy instrument in stimulating firm innovation in Latin American and Caribbean (LAC) countries. In LAC countries, public procurement systems account for 20 percent of GDP, which suggests a considerable untapped potential to use public procurement for innovation (PPI) to strengthen their economic position and improve public service provision. The report first reviews the evidence on the implementation and impact of instruments and structures introduced to support PPI in selected developed countries (the United States, the European Union, Estonia, Netherlands, Spain, the United Kingdom, China, and the supranational case of EU procurement policy), identifying useful policy lessons for LAC countries. It then focuses on emerging innovation friendly procurement practices introduced in three selected LAC countries: Brazil, Chile, and Colombia. These countries offer a diverse picture in terms of the institutional path they have followed for the development of public policy for innovation/pre-commercial procurement (PPI-PCP) policies as well as important differences in the level of development of their innovation systems.

Only the Best

    Only the Best

    Description of new initiatives for modernization in the recruitment of more qualified public officials in Chile.
  • Only the Best (2:42) Video Icon

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