LATEST OPINION PIECES
For a recent report on ending lockdowns in Latin America, our colleagues here at the Inter-American Development Bank collected recommendations from different international organizations (including the World Health Organization and the European Commission), governments, and think tanks on how and when to begin reopening economies. Although there are important differences between the proposals, there are […]
The post Has the Pandemic Peaked in Latin American Countries? appeared first on Ideas Matter.
One of the biggest problems faced by developing countries in handling the pandemic has been shortages of equipment and supplies for diagnostic testing of the population suspected of infection; for treating patients with the most severe infections; and for protecting healthcare workers. As the number of Covid-19 cases has increased, countries are demanding more medical […]
A few weeks ago, I wrote a post for this blog discussing the Imperial College’s COVID-19 model, the model that has had the most significant impact on the public policy response to this virus. The post looked at the consequences—terrifying, for sure—of doing nothing, along with the impact of a series of mitigation and suppression […]
Updated May 21, 2020 On December 31, 2019, China reported to the WHO several cases of pneumonia of unknown origin in Wuhan, Hubei province. A week later, on January 7, officials determined that these cases were caused by a novel coronavirus. The virus spread very rapidly, first within Wuhan and Hubei province, then to the […]
From Wuhan to Italy, one of the most serious problems associated with COVID-19 has been the lack of intensive care units (ICUs), mechanical ventilators, and staff trained to operate them. In both cases (and notwithstanding China’s astonishing expansion of hospital capacity), many of the deaths could have been prevented with more ICUs and more ventilators. […]
This week, researchers at Imperial College published an extremely important article. It presents an epidemiological model and evaluates interventions for reducing contact between people to slow the transmission of the novel coronavirus and the disease it causes, COVID-19. The model, applied to the United Kingdom and to the United States, analyzes effects on the number […]
Thirty years ago, as part of their development strategy, and after many years of protectionism, the countries of Latin America and the Caribbean embarked on a process of ambitious trade liberalization. This was only one of many different reforms made in the framework of the Washington consensus. But it was without question the most important […]
The post Ensuring that the Gains from Trade are Inclusive and Sustainable appeared first on Ideas Matter.
Is free trade beneficial to Latin America and the Caribbean? Most economists believe it is. Free trade allows countries to specialize in what they do best, developing competitive advantages and leading to greater consumer choice and lower prices. Most citizens seem to agree. An IDB-commissioned poll, included in the cross-regional Latinobarómetro survey, finds popular support […]
One of the most complicated areas of the political economy of public policy in Latin America is related to the difficulties of coordination. While many policies can be carried out by a ministry or public agency without the need to coordinate with other ministries and agencies, the success of policies in other cases depends on […]
The post Coordination: Key to the Success of Public Policies appeared first on Ideas Matter.
Over the last two years, Latin America has experienced significant movements in nominal exchange rates. Between June 2014 and October 2015, most of the larger countries in the region —including Argentina, Brazil, Colombia, Chile, Peru and Uruguay — saw nominal depreciations of at least 15 percent. The Brazilian Real lost more than 42 percent of […]
The post Have Latin American Countries Become More Competitive? appeared first on Ideas Matter.
Productive development policies (or industrial policies) can prove to be a key tool for a country’s development. Yet, as experience in Latin America clearly shows, they can also create serious problems. Nevertheless, these policies take a variety of forms. The key question is: what types of industrial policies should be adopted and which ones should […]
The post Productive Development Policies in a Nutshell: A Tale of Two Interventions appeared first on Ideas Matter.