This article presents estimates of the impact of changes in liberalization policies on wage differentials by schooling level using a new high-quality data set for 18 Latin American countries for 1977–98. The method controls for all fixed and time-varying country characteristics, some of which...

Using UNESCO data for research and development (R&D) expenditures and personnel, the authors document international differences in R&D activities and assess the determinants of these differences and the link between R&D and economic growth. For a group of OECD countries, R&D activity and...

Latin America is characterized by high and persistent schooling, land, and income inequalities and extreme income concentration. In a highly unequal setting, powerful interests are more likely to dominate politics, pushing for policies that protect privileges rather than foster competition and...

How should the Inter-American Development Bank (IDB) respond to the challenges of the new century? As recently as the early 1990s, governments and policymakers in Latin America and the Caribbean relied on the IDB and other multilateral institutions not only as important sources of finance but...

The historic 2002 United Nations Conference on Financing for Development in Monterrey, Mexico, overlooked a crucial question: regionalism. Financing Development: The Power of Regionalism is designed to correct this omission. Editors Nancy Birdsall and Liliana Rojas-Suarez call for a more open...

In this paper we analyze the Washington Consensus, which at its original formulation reflected views not only from Washington but also from Latin America. We trace the life of the Consensus from a Latin American perspective in terms of evolving economic development paradigms. We document the...

In the face of continuing development challenges in the world's poorest countries, there have been new calls throughout the donor community to increase the volume of development aid. Equal attention should be given to the reform of the aid business itself, that is, the practices and processes...