This report explores the results of the latest round of PISA for countries in Latin America and the Caribbean (LAC), showcasing the results for the region, the differences within the region and between the region and the rest of the world. For this round of PISA, 14 countries of LAC participated...

Latin America suffers from low fiscal legitimacy. In many Latin American countries, fiscal performance and democratic governance are damaged by citizens' lack of trust and confidence in democratic fiscal institutions. One explanation for this distrust of the government's fiscal responsibility is...

In this sample of 49 Latin American, OECD, and transition economies, it is the ineffective and discretionary administration of tax and regulatory regimes--not higher tax rates alone--as well as corruption, that increases the size of the unofficial economy. And countries with a larger unofficial...