Despite the fragility of authoritative governing institutions at the international level, the politi-cal capacity to deal with global risks is developing. The sense of legitimacy that will ultimately derive from a deeply transnational sense of shared fate continues to lag, but even in that...

This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...

Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...

ILO pub-WEP pub-PREALC pub. Working paper on basic needs development planning in Latin America - outlines economic policy approaches, incl. The institutional framework, and public expenditure; examines the availability of social services for low income groups; calls for popular participation and...

ILO pub-WEP pub-PREALC pub. Working paper on development policy, basic needs and poverty in Ecuador - discusses economic policy, and access to public expenditure; argues that income redistribution does not necessarily result from rural area infrastructure, health service, housing and educational...