Beyond Reforms presents the contributions of some United Nations Economic Commission for Latin America and the Caribbean (ECLAC) analysts as well as research articles prepared for the Commission. It reviews long-term growth and development patterns and focuses on macroeconomic vulnerability and...

The impact of slow growth since the early 1980s on the Mexican labour market is analysed by comparing Mexico's employment performance to that of other OECD countries through three different components, that is, the labour force participation ratio, occupational structure and output per worker....

In his comprehensive analysis of the relationship between institutions and economic growth, Ha-Joon Chang, in his article ‘Institutions and Economic Development: Theory, Policy and History’, reviews the empirical evidence on this relationship emphasizing the contrast between the conclusions...

Why are some countries richer than others? Why do some economies grow so much faster than others do? Do economies tend to converge to similar levels of per capita income? Or is catching up simply impossible? If modern technology has shown the potential to raise living standards to first-world...

This paper discusses the growth slowdown of the Mexican economy during the reform and post reform periods. It addresses four possible factors behind the growth deceleration. First, the role of international trade integration showing that the trade policy reforms of the 1980s and 1990s were in...

This paper examines the dynamic implications of a shift in relative prices between traded and nontraded goods. In accordance with empirical evidence the authors allow for sluggish wage adjustment and increasing returns to scale in the traded goods sector. The presence of increasing returns to...