Pactos para a igualdade: rumo a um futuro sustentável. Síntese

Updated Economic Overview of Latin America and the Caribbean 2013

This report updates the analysis set out in the Preliminary Overview of Latin America and the Caribbean 2013, released in December 2013, on the basis of official data published by the countries in the region in the subsequent months, and presents a revised economic outlook for 2014. In addition, it examines the external factors influencing the region’s performance and their impact on the different components of the balance of payments and summarizes the challenges and main trends in relation to monetary, exchange-rate and fiscal policy. It confirms the deceleration of growth analysed in the Pr…

Balance económico actualizado de América Latina y el Caribe 2013

En este informe se actualiza el análisis presentado en el Balance Preliminar de las Economías de América Latina y el Caribe 2013 (publicado en diciembre de 2013), sobre la base de los datos oficiales de los países de la región que fueron difundidos en los meses siguientes, y se revisan las perspectivas del desempeño económico del año en curso. Además, se presentan los factores externos que incidieron en el desempeño regional y su impacto en los diferentes componentes de la balanza de pagos y se resumen los retos y tendencias principales de las políticas monetaria, cambiaria y fiscal. Se confir…

A proposal for a modified Human Development Index

The Human Development Index (HDI) is an indicator designed to track the development of countries in respect of three dimensions of development: health, education and income. Since it was first published in 1990, great efforts have been made to improve hdi, which, as has been stressed on numerous occasions, cannot be seen as a definitive measure of development. This paper includes a reflection on what constitutes human development, the pillars underpinning it and two new dimensions that should be incorporated into hdi (employment and political freedoms) for it to better express progress in deve…

From the classroom to the workplace: Three decades of evidence for Latin America

This study draws on household survey results spanning a period of three decades in length to analyse young people's entry into the labour market in 10 Latin American countries. It finds that: (i) the employment status of young people had deteriorated over time until seeing an improvement in the late 2000s, although youth unemployment and informality rates are still very high; (ii) young people are entering into a typical employment cycle in which they are surpassing the results obtained by adults of earlier generations. Informality is not a part of this pattern, however, indicating the ex…

Jamaica: Employer size and worker remuneration in the private sector

Evidence suggests that labour markets do not clear as posited by conventional microeconomics. The enduring inter-industry wage differentials (IIWD) and employer-size wage differentials (ESWD) present a challenge. Data from the Jamaican private sector reveal that eswd could be the impetus for IIWD. After accounting for labour quality and other characteristics, employers with 10 to 49 employees and 50 or more employees pay estimated premiums of 14.3% and 22.9%, respectively. After estimating the differences in tenure profiles, the premium associated with the largest employer size was reduced to …

Wage differentials between the public and private sectors in Chile: Evidence from longitudinal data

Despite its importance, the literature on wage differentials between public- and private-sectors employees in Latin America is sparse. This article analyses the wage gap between the two sectors in Chile, based on monthly longitudinal data obtained from the Social Protection Survey (EPS) for the period 2002-2009. The study takes advantage of the panel structure of the data to control for time-invariant observable and unobservable factors that determine the self-selection of workers between sectors and wages. The results show that the wage differential between workers in the public and private s…

Deprivation viewed from a multidimensional perspective: The case of Brazil

This study uses the capability approach to undertake a multidimensional analysis of deprivation in urban areas of Brazil between 2003 and 2008 based on a four-dimensional index (living conditions, health, level of education and participation in the labour market) constructed out of 13 different indicators. Its findings indicate that a majority of the population is living in households that are not experiencing deprivation and that, of those that are, the instance of deprivation is confined to a single indicator. When the results were then compared with the income-poverty index for the differen…

The impacts on family consumption of the Bolsa Família subsidy programme

The aim of this paper is to evaluate the effects of the Bolsa Família family conditional cash transfer programme (PBF) on beneficiary families' spending on food, fruit, meat and fish, poultry and eggs, green vegetables, cereals and oilseed products, flours and pastas, tuber and root vegetables, sugar, bakery products, alcoholic beverages, education, hygiene, health and school utensils. The estimation was based on microdata obtained from the 2008-2009 Brazilian Household Budget Survey; and the propensity-score matching methodology was used to calculate the average effect of the treatment o…

The forestry and cellulose sector in the Province of Concepción, Chile: Production linkages between the Secano Interior and industry in Greater Concepción, or an enclave economy?

This article deals with the interaction between supply chains and territory, identifying two types of development: the enclave type of the rain-fed farming economy in the inland area known as the Secano Interior, and the potential linkage between this enclave and the greater metropolitan area of Concepción. The benefits of the forestry and cellulose supply chain, which is of global importance, are not spreading through its territory, which remains underdeveloped. Greater Concepción, the country's second most important industrial conurbation, has not succeeded in es…

The economic infrastructure gap and investment in Latin America

This edition of the FAL Bulletin aims to present and encourage the use of the economic infrastructure investment database for Latin America and the Caribbean (EII-LAC-DB), built by the Infrastructure Services Unit of the Economic Commission for Latin America and the Caribbean (ECLAC). The information contained refers to the period 1980-2012, in keeping with measurements undertaken by the World Bank, ECLAC and under the cooperation agreement between ECLAC and the Development Bank of Latin America (CAF).…

La brecha de infraestructura económica y las inversiones en América Latina

El presente Boletín FAL, tiene por objeto presentar y poner a disposición de los usuarios, la base de datos de inversiones en infraestructura económica de América Latina y el Caribe (EII-LAC-DB) construida por la Unidad de Servicios de Infraestructura de CEPAL. La información contenida en este Boletín FAL corresponde al periodo 1980-2012, según las mediciones realizadas por el Banco Mundial, la CEPAL y el acuerdo de cooperación entre CEPAL y CAF.…

Compacts for Equality: Towards a Sustainable Future

The document which ECLAC presents on this occasion explores further the theme of equality addressed at the two previous sessions of the Commission, in Time for Equality: Closing Gaps, Opening Trails (2010, Brasilia), and Structural Change for Equality: An Integrated Approach to Development (2012, San Salvador). The document prepared for the thirty-fifth session, entitled Compacts for Equality: Towards a Sustainable Future, discusses the two major challenges to development in Latin America and the Caribbean today: to achieve greater equality and to make development sustainable for future genera…

Pactos para la igualdad: Hacia un futuro sostenible

El documento que la CEPAL da a conocer en esta ocasión profundiza en la línea de la igualdad de los presentados en sus dos anteriores períodos de sesiones: La hora de la igualdad: brechas por cerrar, caminos por abrir (2010, Brasilia), y Cambio estructural para la igualdad: Una visión integrada del desarrollo (2012, El Salvador). Bajo el título Pactos para la igualdad: hacia un futuro sostenible, el actual documento de posición plantea los dos grandes retos que enfrenta el desarrollo en América Latina y el Caribe: lograr mayores grados de igualdad y procurar sostenibilidad en la dinámica del d…

Access to international capital markets: recent developments in Central America and the Caribbean

The objective of this report is to analyze the impact of recent global financial trends on the access to private external financing by Central American and Caribbean (CAC) economies, as well as their performance in international capital markets in recent years. The CAC economies, like many other countries in the world, were not immune to the negative consequences of the global economic and financial crisis of 2008. In fact, their openness, export driven growth and linkages to advanced economies, particularly to the U.S., as well as size, made them more vulnerable than other Latin American coun…

CEPAL Review no.112

CEPAL Review no.112

Hacia un desarrollo inclusivo: el caso del Perú

Este libro es producto de una iniciativa de la Comisión Económica para América Latina y el Caribe (CEPAL) y la Organización Internacional del Trabajo (OIT), destinada a contribuir al fortalecimiento del marco analítico y el debate en torno al diseño de una estrategia de desarrollo inclusivo en el Perú, así como a apoyar la formulación de políticas que impulsen la convergencia productiva, el crecimiento económico para la igualdad y la justicia social. Se trata de adoptar una estrategia renovada, con un crecimiento económico basado en una menor heterogeneidad estructural y más desarrollo product…

La integración productiva latinoamericana mediante proyectos regionales en ciencia, tecnología e innovación

Día Internacional de los Bosques

Ver video sobre el Día Internacional de los Bosques Los bosques son los pulmones de nuestro planeta. Cubren un tercio del total de la superficie terrestre y albergan el 80% de la biodiversidad de la Tierra. Son cruciales para dar respuesta a un sinfín de imperativos del desarrollo sostenible, desde la erradicación de la pobreza a la seguridad alimentaria, desde la mitigación del cambio climático y la adaptación a este fenómeno a la reducción del riesgo de que se produzcan catástrofes. Se calcula que 1.600 millones de personas dependen de los bosques para obtener alimento, combustible, cobijo e…