Economic and environmental aspects of energy use continue to hold the attention of the industry as well as policy makers. Relative energy prices are often used as a policy tool to influence energy demand, inter-fuel substitution and energy efficiency, thus also addressing climate change. This...

This paper looks at the historical lessons that might serve to entrech Latin America''s newly resurgent growth phase. It briefly reviews the post-World War II experiences in Latin America and Asia, focusing on the conditions that favored capital accumulation and productivity growth in the faster...

The recent recovery in Latin America has been impressive but also raises the question whether this represents a fundamental break with the region''s history of boom-bust cycles. The paper traces how this history of macroeconomic volatility and financial crisis over the past century has adversely...