This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external...

There are three stakeholders in a public-private partnership (PPP), (a) the government in office, (b) private firms (financial and non-financial) and investors (individual and institutional), and (c) final beneficiaries (taxpayers or users, present and future). The raison detre of PPPs is...

This semiannual report produced by the Office of the Chief Economist for Latin America and the Caribbean (LAC) of the World Bank - analyzes the economic and financial performance of LAC in light of the commodity price cycle. Chapter 1 covers short-term prospects, identifies the external factors...

Este reporte explora la restructuracion de la economia global ocasionada por el ascenso del Sur y destaca la transformacion en los patrones de integracion global de ALC y las consecuencias de esta transformacion en la dinamica del desarrollo de la region. En particular, se analiza de forma...

In this study, the authors analyze where we stand and where we are heading on capital market development. More specifically, this study has three main goals. First, the authors take stock of the state and evolution of Latin American capital markets and related reforms, over time and relative to...

This report, produced by the Office of the Chief Economist for Latin America and the Caribbean (LAC) of the World Bank, examines LAC's challenges as the global economy settles to an equilibrium with lower growth and lower commodity prices. Chapter 1 gives an overview of the world economy and how...

Este informe semestral, producido por la Oficina del Economista Jefe para America Latina y el Caribe del Banco Mundial, examina los retos a los que America Latina y el Caribe (LAC por sus siglas en ingles, Latin America and the Caribbean) se enfrentan en el corto y medio plazo conforme pierden...

Durante las decadas de 1980 y 1990, el sector financiero constituyo el talon de Aquiles del desarrollo economico en America Latina y el Caribe (ALC). Desde entonces, el sector ha crecido y se ha profundizado, volviendose mas integrado y competitivo, con nuevos actores, mercados e instrumentos y...

Este informe semestral - un producto de la oficina del Economista Jefe para America Latina y el Caribe (LAC) del Banco Mundial-examina los desafios de corto y mediano plazo a los que se enfrenta LAC, a medida que los factores externos que fueron decisivos en el buen desempeno de la region en la...

The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need...