This article reviews the formal institutional framework forimplementing rural development policies in Guatemala, which originatedin the State modernization process promoted through the Peace Accords.The main thesis is that rural development policies will be more efficientif they are based on the institutional framework that the Peace Accordsprovided, which distinguishes between three levels of government: central,deconcentrated and decentralized. While the two sub-national levelsexecute 43% of total public investment, central government needs to targetthe budget on poor zones, cut subsidies to…
Abstract This paper presents an overview of current developments in macroeconomic modelling for forecasting and policy analysis in Latin America, based on material presented at a REDIMA project meeting at the UN Economic Commission for Latin America and the Caribbean, Santiago de Chile, in September 2007. Some particular issues that arise in modeling emerging economies are described, in the context of recent developments in modeling developed economies.…
General trends of the recent evolutionEconomic activity in the Central American Isthmus 1 and the Dominican Republic in 2007 expanded 7.1%, four tenths less than in 2006. Thus, the economic growth of the subregion 2 was one and a half percentage points greater than the registered average of Latin America and the Caribbean. In terms of GDP per capita, growth was 5%. This performance represents a continuation of the expansionary phase of the economic cycle that began in 2004, characterized by an improvement in the majority of the economic and social indicators and linked to the positive evolutio…