The economies of Latin America and the Caribbean have been slipping behind in the global economy, weighed down by structural problems that hinder their capacity to grow and absorb technology. The coronavirus disease (COVID-19) pandemic has not only brought these structural problems into sharper relief, but has also exacerbated them, by reinforcing adverse trends in growth, employment and income distribution. This article analyses these trends and argues that the crisis requires a response that is both immediate but also aims to overcome long-term constraints. Very robust fiscal policies are ne…
Las economías de América Latina y el Caribe han venido rezagándose en la economía mundial, lo que constituye un reflejo de problemas estructurales que comprometen su capacidad de crecimiento y de absorción de la tecnología. La pandemia de enfermedad por coronavirus (COVID-19) no solo ha visibilizado esos problemas estructurales, sino que los ha exacerbado, y ha reforzado las tendencias negativas en el crecimiento, el empleo y la distribución de los ingresos. El artículo analiza dichas tendencias y plantea que la crisis hace necesaria una respuesta inmediata, que debe, al mismo tiempo, apuntar …
La CEPAL, el Instituto Dominicano del Café (INDOCAFE) y el Consejo Nacional para el Cambio Climático y Mecanismo de Desarrollo Limpio de la Republica Dominicana (CNCCMDL) lanzaron la publicación: Fortalecimiento de la cadena de valor de café en la República Dominicana: en respuesta al cambio climático, resultado de un programa de cooperación técnica iniciado en 2017 entre las tres instituciones.
Conscientes de la importancia de adoptar medidas de respuesta ante el cambio climático en el sector café, la CEPAL acordó con el INDOCAFE y el CNCCMDL realizar un análisis y una discusión técnic…
Although Latin America and the Caribbean is made up largely of countries that are considered to be middle income, it is the most unequal region in the world. Latin American and Caribbean countries are characterized by the prevalence of historical and deeply rooted socioeconomic disparities and inequalities, the continuance of archaic patterns of wealth distribution, and a very widespread culture of privilege, all of which give rise to structural gaps in numerous areas, according to the document Structural Gaps in Latin America and the Caribbean, a Conceptual-Methodological Perspective (Sp…
A pesar de que América Latina y el Caribe está constituida en su mayor parte por países considerados de renta media, es la región más desigual del mundo. Los países latinoamericanos y caribeños se caracterizan por la amplitud de las disparidades y desigualdades socioeconómicas históricas y profundamente arraigadas, la permanencia de patrones arcaicos de distribución de la riqueza y una cultura del privilegio ampliamente extendida, lo que resulta en la presencia de brechas estructurales en diversas áreas, plantea el documento Brechas estructurales en América Latina y el Caribe, una perspectiva …
A região da América Latina e o Caribe, apesar de estar constituída em sua maior parte por países considerados de renda média, é a região mais desigual do mundo. Os países latino-americanos e caribenhos se caracterizam pela amplitude das disparidades e desigualdades socioeconômicas históricas e profundamente arraigadas, a permanência de padrões arcaicos de distribuição da riqueza e uma cultura do privilégio amplamente estendida, o que resulta na presença de brechas estruturais em diversas áreas, indica o documento Brechas estruturais na América Latina e no Caribe, uma perspectiva conceitual-met…
This brief is intended to provide general information on the upcoming United Nations Ocean Conference on scaling up ocean actions based on science and innovation for the
implementation of Agenda 2030 - Sustainable Development Goal 14 (SDG 14), with a view to stimulating more active, engaged participation of the Caribbean in the discussions. The
United Nations Ocean Conference will be co-chaired by Kenya and Portugal, and hosted by the Government of Portugal in Lisbon, during 2021. The objective of this conference is consistent with the 2017 UN General Assembly proclamation on the Decade of Oce…
According to the balance-of-payments constrained growth model, an expansion of aggregate domestic demand is effective in increasing the long-run rate of growth of an economy to the extent that the performance of the external sector validates it. While the performance of the domestic economy is intertwined with that of the external sector, the balance-of-payments constraint on growth does not make these relationships explicit. This document addresses this issue and proposes a framework to make explicit the investment requirements with balance-of-payments constrained growth. This is done in two …
The U.S. economy expanded at a 33.1% annual rate in the third quarter; market projections suggest a decline of about 4% in 2020.
The pandemic has created unprecedented volatility in economic growth this year, with the record-shattering decline in real GDP in the second quarter followed by a similarly record-breaking gain in the third. The U.S. economic expansion in the third quarter of 2020 followed a decrease of 31.4% in the second quarter and 5% in the first, with the third-quarter gain reversing about 75% of the prior decline.
Economic forecasts project a slowdown in the final qu…
The Latin America and the Caribbean region will experience a contraction of -7.7% in 2020 but will have a positive growth rate of 3.7% in 2021, due mainly to a statistical rebound that will nonetheless be insufficient for recovering the economic activity levels seen prior to the coronavirus pandemic (in 2019), ECLAC indicated today in a new report.
ECLAC released its Preliminary Overview of the Economies of Latin America and the Caribbean 2020 – one of the United Nations organization’s flagship annual reports – during a virtual press conference given by its Executive Secretary, Alicia Bárcena.…
La región de América Latina y el Caribe marcará una contracción de -7,7% en 2020, pero tendrá una tasa de crecimiento positiva de 3,7% en 2021, debido principalmente a un rebote estadístico que, sin embargo, no alcanzará para recuperar los niveles de actividad económica pre-pandemia del coronavirus (en 2019), indicó hoy la CEPAL en un nuevo informe.
La CEPAL dio a conocer su Balance Preliminar de las Economías de América Latina y el Caribe 2020, uno de los principales reportes anuales del organismo de las Naciones Unidas, en una conferencia de prensa virtual ofrecida por su Secretaria Ejecutiv…
A região da América Latina e Caribe terá uma contração de -7,7% em 2020, mas terá uma taxa de crescimento positiva de 3,7% em 2021, devido principalmente a um arraste estatístico que, no entanto, não será suficiente para recuperar os níveis de atividade econômica pré-pandemia do coronavírus (em 2019), indicou hoje a CEPAL em um novo relatório.
A CEPAL divulgou seu Balanço Preliminar das Economias da América Latina e do Caribe 2020, um dos principais relatórios anuais da Comissão das Nações Unidas, em uma coletiva de imprensa virtual apresentada por sua Secretária-Executiva, Alicia Bárcena.
Se…
The U.S. economy expanded at a 33.1% annual rate in the third quarter of 2020, following a decline of 31.4% in the second quarter and 5% in the first. The third-quarter gain reversed about 75% of the prior decline. The pandemic has created unprecedented volatility in economic growth this year, with the record-shattering decline in real GDP in the second quarter followed by a similarly record-breaking gain in the third. Economic forecasts project a slowdown in the final quarter of the year, however, because of the recent surge in COVID-19 cases and some tighter restrictions that have been imple…
Since April, tourism in the region has almost come to a temporary standstill as a result of the coronavirus disease (COVID-19) pandemic. This temporary paralysis has not only hit Caribbean economies and employment hard, but also many local communities in Latin America. Tourism accounts for half of services exports in Latin America and the Caribbean and represents significant shares of gross domestic product (GDP) and employment. An impact scenario shows that the slump in tourism may cause total GDP growth in the Caribbean and Latin America to fall by 8 percentage points and 1 percentage point,…
This paper examines absolute manufacturing labour productivity convergence across Mexican states and municipalities between 1993 and 2018, using census data and employing spatial econometric techniques. It applies a novel approach (spatial econometrics and disaggregation at the municipal level) to show that there is absolute convergence in manufacturing productivity at both the state and municipal levels. The results show that there are significant productivity spillovers among states and municipalities; that is, high-level productivity states or municipalities have positive impacts on the pro…
The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Wednesday, December 16 its flagship annual report entitled Preliminary Overview of the Economies of Latin America and the Caribbean 2020, which examines the performance of the region’s economies this year and updates growth figures and other indicators that reflect the impact countries have borne as a result of the COVID-19 crisis.
More specifically, the document will contain new Gross Domestic Product (GDP) estimates for the region and all of its countries in 2020, and it will provide a first growth estimate…
La Comisión Económica para América Latina y el Caribe (CEPAL) presentará el próximo miércoles 16 de diciembre su informe anual (flagship) Balance Preliminar de las Economías de América Latina y el Caribe 2020, en el cual examina el comportamiento de las economías de la región durante el año, y actualiza las cifras de crecimiento y otros indicadores que reflejan el impacto sufrido por los países de la región a raíz de la crisis del COVID-19.
En particular, el documento presentará nuevas estimaciones del producto interno bruto (PIB) para la región y todos sus países en 2020, y entregará una prim…
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