After skyrocketing over the past decade, commodity prices have remained stable or eased somewhat since mid-2011—and most projections suggest they are not likely to resume the upward trend observed in the last decade. This paper analyzes what this turn in the commodity price cycle may imply for...

Uruguay experienced one of its biggest economic booms in history during 2004-2014.Since then, growth has come down significantly. The paper investigates the various causesof the boom and discusses the sustainability of these causes. It then compares Uruguayagainst high-growth countries that were...

High energy costs contribute to dampening Caribbean competitiveness and potential growth. This paper overviews power sector challenges and takes stock of national and regional strategies to address them. It presents recommendations to move the energy agenda forward based on analyses of...

External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...

After skyrocketing over the past decade, commodity prices have remained stable or eased somewhat since mid-2011 - and most projections suggest they are not likely to resume the upward trend observed in the last decade. This paper analyzes what this turn in the commodity price cycle may imply for...

This paper investigates how country-specific external demand, external financial conditions,and terms of trade affect medium-term growth in Emerging Market and DevelopingEconomies and the occurrence of growth accelerations and reversals. The importance ofcountry-specific external conditions for...