Does globalization hurt wage earners?

Sunday, June 1, 1997 - 03:00
As the world economy has become increasingly tightly knit over the past decade, the wage gap has widened between high-skilled and low-skilled workers. It would seem safe to conclude that the two trends are linked.

Agriculture in an open market

Sunday, June 1, 1997 - 03:00
Researchers have devoted considerable attention to analyzing the impact of macroeconomic policy reforms on stabilization in Latin American countries. But until recently, relatively little has been known about the effects of these reforms on the agriculture and the rural sectors. The International Food Policy Research Institute (IFPRI) is now seeking to fill the gap through its research program, "Macroeconomic Policy Reforms and Regional Trade Pacts in Latin America."

A verdict on democracy

Sunday, June 1, 1997 - 03:00
Latin Americans overwhelmingly prefer democracy over authoritarianism as a form of government. But at the same time, they are largely dissatisfied with the performance of their own democratic governments. These seemingly incompatible perceptions about the benefits of democracy were among the findings of a comprehensive 1996 survey of attitudes on government, politics and the economy in 17 Latin American countries conducted by Latinobarómetro, a private polling organization based in Santiago, Chile. Good for the other guy

Cities under the sea

Sunday, June 1, 1997 - 03:00
They are powerful and at the same time beautiful, full of high-rise constructions. They have millions of inhabitants and are complex centers of diversity, of cultural clashes as well as collaboration. They are dangerous and seductive, a universal object of fascination. Can anyone deny that most of what can be said about a city can also be said about a coral reef?

IDB approves first partial risk guarantee

Sunday, June 1, 1997 - 03:00
The Inter-American Development Bank has added another instrument to its growing list of financial facilities to support the private sector in Latin America and the Caribbean: partial risk guarantees. A $31.25 million partial risk guarantee was approved in April by the IDB Board of Executive Directors for senior debt noteholders investing in Bogotana de Aguas y Saneamiento S.C.A., E.S.P., a company that will build a wastewater treatment plant serving the metropolitan area of Bogotá, Colombia.

Integration reality check

Sunday, June 1, 1997 - 03:00
Mercosur has successfully expanded trade and investment among Argentina, Brazil, Paraguay and Uruguay, but the trade pact faces big challenges in the future, according to a report by the Institute for the Integration of Latin America and Caribbean (INTAL).Trade within Mercosur has grown to $16 billion a year, or one-fifth of the total external trade of all its member countries. However, intra-Mercosur trade has not yet reached its full potential, particularly if compared with Southeast Asia, according to the first report on the trade pact by INTAL, an IDB affiliate based in Buenos Aires.

The gritty reality of microenterprise

Sunday, June 1, 1997 - 03:00
The theory and practice of microenterprise came face-to-face in Costa Rica last month at a seminar co-sponsored by the IDB and the United States Agency for International Development (USAID).

Wedding bells ring up sales

Sunday, June 1, 1997 - 03:00
Although Glenda Sandoval Rodríguez is accustomed to receiving compliments for her work, she never imagined that the accolades would one day come from the first lady of the United States.

World-class hospital

Sunday, June 1, 1997 - 03:00
Southern Chile's legendary earthquake of 1960 killed hundreds of people and damaged countless buildings, including the Regional Hospital of Valdivia, where the three top floors of the eight-story building had to be closed. Today, a state-of-the-art hospital has finally replaced temporary facilities that were built in the aftermath of the earthquake. The new hospital was one of four in northern, central and southern Chile built partly with funds from a $70 million IDB health services loan approved in 1991.

Sugar and rice output booms

Sunday, June 1, 1997 - 03:00
Seven years ago, the economy of Guyana was in a shambles. Sugar and rice production, which accounted for half of the country's exports and foreign exchange, had dropped by half in just four years. One-fourth of the country's agricultural equipment and machinery was out of commission due to lack of foreign exchange to buy spare parts. It was a vicious circle: the lower the production and exports, the less foreign exchange was available to buy spare parts and machinery, further reducing production.