Introduction The social agenda is long-term in nature, in the sense that poverty alleviation along with a better distribution of income, wealth and opportunities are long-term goals. A sound macroeconomic policy, on the other hand, has to do largely with the consistent management of short-term policy instruments pursuing a sustainable and predictable pace for aggregate economic variables and major prices (wages, inflation, interest rates and exchange rates). In spite of the different arena and rationale in which they play, there are strong links between the two. First and most obvious,…
The view that pervasive economic insecurity threatens political support for the ongoing market-oriented reforms has become one of the most common refrains in current discussions on Latin American affairs. Dealing with economic insecurity would thus appear to be a key part of the unfinished agenda of Latin America's reforms. The author argues that economic insecurity in Latin America is multifaceted and has many sources that feed on each other. Some of the insecurity arises from the decline in employment protection and increased volatility of household outcomes. Some of it is the result of…
Preface A central role of the Economic Commission for Latin America and the Caribbean (ECLAC) Subregional Headquarters for the Caribbean is the provision of critical thinking and information to governments to assist in policy formulation and evaluation. In meeting that role, ECLAC emphasises the research endeavour and, more particularly, research which elicits new insights and throws up practical solutions and recommendations. This study was undertaken as a component of technical assistance to the Family Law and Domestic Violence Legislative Reform Project piloted by the Eastern Carib…
Abstract Reviewing and comparing the economic histories of Europe and Latin America we can observe that the universality of social security systems and the concurrent development of labor market institutions allowed Europe to reduce social inequality, while this has not been possible in Latin America. Pension systems in Latin America face some of the same problems that Europe's social security systems have faced before but with more difficult financing conditions. This document focuses on the lessons that Latin American countries may draw from the experience of Europe as well as on how re…
Confronted with recurrent macroeconomic shocks, governments in Latin America and the Caribbean have increasingly been concerned about establishing or strengthening systems of social protection and safety net programmes. The goal of these programmes is to help mitigate the impact of shocks on the poor before they occur, and to help the poor cope with the shocks once they have occurred. In this paper, we focus on publicly funded or mandated safety nets functioning as risk-coping mechanisms. The paper reviews the characteristics of a good safety net, in comparison with the main types of safety ne…
Presentation
The technical study described in this report was undertaken by the Economic Commission for Latin America and the Caribbean (ECLAC);, in response to a request by the Governments of Argentina and Chile for it to propose a common standardized methodology for the measurement of defence spending. The study, which was carried out between the fourth quarter of 1999 and August 2001 was funded by the two Governments concerned.
The first chapter of this report describes the background to the initiative and the processes carried out by the parties involved. It also briefly acknowledges the t…