The IDB has researchers in many departments producing working papers on economic and social topics. Many of these documents constitute background research for the IDB’s flagship publication "Development in the Americas" prepared by the Research Department. In addition, the IDB finances and mentors studies conducted by other institutions in order to build knowledge and research capacity. All IDB working papers are peer reviewed and meet high editorial standards.
DIA 2019: Trading Promises for Results
Edited by Mauricio Mesquita Moreira and Ernesto Stein
- Excessive expectations on the promises of free trade led to disappointment, skepticism and reform fatigue, and in some cases, to policy reversals.
- Liberalization brought many benefits, including faster growth. Our study finds that a tariff cut accelerates per capita GDP growth. And most Latin Americans favor deeper integration.
- Some sectors and workers lose with free trade, however, and have incentives to block trade reform. Implementing good trade policies requires a deep understanding of the political economy of trade policy and an adequate institutional architecture for trade policy management.
- Successful trade policies also require a complementary agenda to facilitate factor reallocation and protect those who are made worse off, in order to make the most of the opportunities offered by global integration, while mitigating associated risks.
2019 Latin American and Caribbean Macroeconomic Report: Building Opportunities for Growth in a Challenging World
· Growth in Latin America and the Caribbean is expected to remain below potential in 2019.
· A combination of economic shocks could lower growth in the region by an annual average of up to 1.7 percent of GDP in 2019-2021.
· Additional investment in infrastructure could significantly boost growth in the region.
· A 0.3% positive growth shock in each of the five largest economies could increase regional growth by 0.5% annually for three years.
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The post Towards Inclusive Growth in Latin America and the Caribbean appeared first on Ideas Matter.
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The post Strengthening Climate Goals Will End Up Saving Money for Latin America and the Caribbean appeared first on Ideas Matter.