Pension legislation and gender equity in Latin America

The problem of social security for women in Latin America has not yet been resolved. The recent pension reforms have not contributed to solving it but have, in fact, made individuals more vulnerable in terms of social safety nets. In other words, the inequity typical of the region's social security systems has been compounded by new forms of inequity that have emerged along with the reforms. The specific objective of this study is to analyze ways in which the principles of obligatory affiliation to the system enshrined in the pension legislation may be reconciled with inequalities inheren…

Growth, competitiveness and employment in Peru, 1990-2003

The growth of high-quality employment needed to reduce the share of informal occupation and open unemployment in Peru will require an acceleration and diversification of private investment in the tradable sector. One of the main constraints faced is the uncompetitiveness of the non-extractive tradable sector. In 1990-2003, competitiveness improved in this sector essentially as a result of lower labour costs, a socially unjust and economically ineffective route to follow. To raise competitiveness, it is essential for the macroeconomic regime to include a competitive real exchange rate (to which…

Productive development in open economies

Presentation The countries of the Latin American and Caribbean region have shown a keen and lasting interest in mechanisms of economic development and public policies for its promotion. This is a process in which ECLAC has been involved ever since it was founded over half a century ago. Today, the debate on these issues continues against the backdrop of a globalization process in which the remarkable dynamism of some dimensions -especially its economic, financial and cultural aspects- contrasts with the slow formation of an institutional network capable of coping with the increased interdepend…

Tax reforms and fiscal stabilization in Latin American countries

The fiscal burden in OECD (Organisation for Economic Co-operation and Development) countries more than doubles the overall taxation level in Latin American countries. In terms of revenue composition, OECD countries collect a larger share from direct taxes; there is also a greater component from social contributions. During the nineties, the revival of economic growth and the design of better tax systems enabled fiscal revenues to recover strongly, reaching an increase of 3 points of GDP (Gross Domestic Product). However, this effort has not been sufficient, considering the dynamics of public d…

Regional integration and macroeconomic coordination in Latin America

The contagion aspects of the financial and exchange-rate crises in recent years demonstrate the need to extend the domain of macroeconomic policy from the national dimension to the regional one. This paper presents the main concepts and challenges behind macroeconomic policy cooperation in Latin America and the Caribbean and evaluates them from a game-theory perspective. Under certain conditions related to the debate on optimal currency areas, entering into a cooperative dynamic will be beneficial for all participants. Moreover, it is shown that because the welfare gains from regional cooperat…

Method and passion in Celso Furtado

The method that Celso Furtado used was essentially historical; his passion -a measured passion- was for Brazil. In the second half of the twentieth century no intellectual contributed more than him to the understanding of Brazil. He was committed to its development, frustrated with its incapacity to achieve it, and always acute in analyzing the economic and political challenges that the country successively faced. In order to demonstrate these ideas, this paper presents a broad review of Furtado's work. /…

Desafíos y propuestas para la implementación más efectiva de instrumentos económicos en la gestión ambiental de América Latina y el Caribe: el caso de Argentina

Si bien en la Argentina no se dispone de muchos casos concretos de utilización explícita de instrumentos económicos para mejorar la gestión ambiental que se hayan aplicado sistemáticamente en el pasado reciente, existen algunos programas de promoción de actividades económicas que presentan directa o indirectamente aspectos de mejoramiento ambiental,1 como así también diferentes iniciativas específicas —con distintos grados de avance— planificadas para su aplicación futura. Al respecto, se realizó un relevamiento de esos instrumentos, consultando a las instituciones responsables del diseño, for…

The impact of hurricane Ivan in the Cayman Islands

Introduction and Summary The advent of Hurricane Ivan and its tragic and devastating consequences in the Cayman Islands and particularly in the Grand Cayman puts a strain on the economy and fiscal pressures on Government. The consequences of Ivan pose the need beyond the humanitarian response, for a rapid assessment of the damage (impact on assets); and losses (effects on economic and social flows); to determine its macroeconomic, social and environmental consequences and its implications for the country's fiscal stance. At the request of the Cayman Islands Government and with the support…

Socio-economic impacts of natural disasters: a gender analysis

This document was prepared by Sarah Bradshaw, consultant for the Economic Commission for Latin America and the Caribbean (ECLAC), under the supervision of the Women and Development Unit, in close collaboration with the Sustainable Development and Human Settlements Division and the ECLAC Subregional Headquarters in Mexico City, in the framework of the Project Improve damage assessment methodology to promote natural disaster mitigation and risk reduction awareness and preparedness in Latin America and the Caribbean (ITA/99/130). The paper analyses the socio-economic effects of hurricane Mi…

Assessment of the socioeconomic and environmental impact of hurricane Ivan on Jamaica

The mission was made at the request of the Jamaican Government, undertaken with the UNDP with a group of multi-sectoral, inter-institutional group of experts and consultants that assessed the damage following ECLAC's methodology for the evaluation of the socio-economic and environmental impact of disasters 2 and prepared a report with the assistance of the Planning Institute of Jamaica. The report was presented on 19 October 2004 to the Minister of Finance for their consideration in organizing the reconstruction process, establish additional resources needed for the country and adopt miti…

The United States-Central American Free Trade Agreement: fiscal implications for the Central American countries

In this paper we estimate the fiscal implications of the free trade agreement signed between the United States of America and the five Central American countries of Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Of the five possible effects on fiscal revenue (direct, indirect, elasticity, substitution and induced), in this paper we estimate the first three. The fourth effect is most likely negligible, whereas the estimation of the fifth one would be plagued by uncertainty, so we do not attempt it here. We use comparative statics to estimate the impact. We find the adverse …

Issues, effects and implications of the Free Trade Area of the Americas (FTAA) Agreement for CARICOM economies

The objective of this document is to analyse some of the main issues, effects and implications of the FTAA for Caribbean Community (CARICOM) economies. It also considers when relevant and for comparison purposes the cases of non-independent States. The document is divided into seven sections. Following the introduction, the second section describes, albeit briefly, the main issues that are found in the Free Trade Areas literature. The third section introduces the FTAA participants highlighting their economic and social disparities. The fourth section centers on the FTAA underlying principles …

Anuario Estadístico de América Latina y el Caribe 2003 = Statistical Yearbook for Latin America and the Caribbean 2003

La edición 2003 del Anuario estadístico de América Latina y el Caribe contiene una selección actualizada a comienzos de diciembre de las principales series estadísticas disponibles sobre la evolución económica y social de los países de la región. Representa un sistemático esfuerzo de la División de Estadística y Proyecciones de la CEPAL, orientado a homogeneizar las cifras y a hacerlas internacionalmente comparables. La primera parte comprende indicadores socioeconómicos derivados (tasas de crecimiento, proporciones o coeficientes), que representan una visión resumida de cada área de interés y…

Report to the CDCC: Review of ECLAC/CDCC Programme of Activities for the 2002-2003 Biennium