The Mexican oil boom was characterized by a period of high investment, followed by capital flight. The private sector and households responded to the 1977-1981 windfall by attaining high savings rates. On the other hand, the Mexican government, the proprietor of the state oil company and the...

This Country Program Evaluation (CPE) is an independent assessment of the effectiveness of the Bank's program with the Plurinational State of Bolivia (Bolivia) over the span 2008-2010. An essential consideration in a review of the development of the Bank's country strategy with Bolivia (BCS-BO)...

This is the latest version available of this document. The study states that perhaps the core problem and challenge for Central American economic recovery is the regions' high cost of energy. The inordinately high energy cost structure for the nations of Central America is caused in part by the...

The Venezuelan experience in the 1980s is a particularly fertile ground for the analysis of negative shocks. Two large shocks took place under very different control regimes, thus highlighting the role the institutional setting plays in determining the response. Moreover, the experience can shed...

The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and...

The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and...