Macroeconomic success and social vulnerability: lessons for Latin America from the Celtic Tiger

Abstract This paper uses a political economy approach to examine the nature and social impact of Ireland's economic 'miracle', namely the period of high economic growth known as the 'Celtic Tiger', which lasted from 1995 until 2000. Its principal purpose is to offer a broad and multifaceted reading of this period of Irish development, paying particular attention to the links between macroeconomic success and social vulnerability, in order to draw policy lessons for Latin America. The examination of the Celtic Tiger is prefaced by a brief introduction to some of the sa…

Modeling regional macroeconomic interactions: situation and perspectives for macroeconomic coordination in Latin America. Background paper prepared for the REDIMA workshop on Modeling Macroeconomic Coordination in the Andean Community, (Santiago, Chile...

Hubert Escaith is Director of Statistics and Economic Projections Division, ECLAC. The views expressed in this document, which has been reproduced without formal editing, are those of the authors and do not necessarily reflect the views of the Organization.. This paper was prepared for the REDIMA workshop on Modeling Macroeconomic Coordination in the Andean Community, Santiago, Chile 22 October 2003. Introduction The early 1990s opened a new era for the analysis of economic interactions between Latin America and Caribbean (LAC) countries. Two channels, real and financial, conveyed th…

Growth with stability: financing for development in the new international context

Foreword In contrast to its situation during the lost decade , in the 1990s the Latin American and Caribbean region regained its access to international capital markets. Its return to these markets, in combination with a commitment to achieving basic macroeconomic equilibria, was manifested in smaller fiscal deficits and lower inflation, but the region has recovered only part of the ground it had lost in terms of its pace of economic growth. Thus, the region's economies have not been growing fast enough to strengthen their labour markets or to reduce poverty significantly. …

Handbook for estimating the socio-economic and environmental effects of disasters

La CEPAL, la OCDE y la Escuela de Economía de París organizan Foro sobre América Latina y Europa

(19 de mayo, 2014) El Secretario General de la Organización para la Cooperación y el Desarrollo Económicos (OCDE), Ángel Gurría, abrirá el Segundo Foro Económico Europa-América Latina el día 20 de mayo en París. Estará acompañado en la inauguración por la Secretaria Ejecutiva de CEPAL, Alicia Bárcena, y por el Director de la Escuela de Economía de París, Pierre-Yves Geoffard. La reunión, que durará dos días, está coorganizada por la Comisión Económica para América Latina y el Caribe (CEPAL) y por la Escuela de Economía de París (PSE por sus siglas en inglés) y pretende impulsar el diálogo acer…

Foro virtual: Desafíos para la planificación y el monitoreo de la Agenda 2030 en América Latina y el Caribe

La CEPAL y la Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, representada por los tres proyectos, Programa de Cooperación CEPAL-BMZ/giz, ProAgenda 2030 en Bolivia, y el Programa Global Nexus tienen el agrado de invitar al foro virtual “Desafíos para la planificación y el monitoreo de la Agenda 2030 en América Latina y el Caribe”. El foro virtual forma parte de un workstream de GADeR-ALC – que es la red sectorial Gestión Ambiental y Desarrollo Rural en América Latina y el Caribe de la GIZ en América Latina y el Caribe. La Agenda 2030 para el desarrollo sostenible y sus 17 O…

Globalization of financial markets: implications for the Caribbean

Introduction Globalization can be defined in terms of the internationalization of production [Goode, 1998, p.125], or in terms of the internationalization of markets [Lloyd, 1998, p. 163]. The former recognizes the fact that even relatively minor products are frequently found to be made with components from several countries. The latter, on the other hand, recognizes that the cross border flows of the products themselves have increased tremendously over the last two decades. This is particularly true in the case of international financial services. This report examines the globalizati…

Economic growth with equity: challenges for Latin America

The publication of this book was made possible by the contributions of the Ford Foundation and the German Federal Ministry for Economic Cooperation and Development (BMZ). The funds of the latter institution are managed by the Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ). This is an ECLAC and Palgrave Macmillan copublication. Preface From time to time, Latin American countries experience growth spurts, like in the period 2004-05, when the region achieved the highest biennial growth rate of the past 25 years. However, sustained growth has been elusive in the last quarter …

Macroeconomic cooperation for uncertain times: the REDIMA experience

This book shows how international policy cooperation can be beneficial even in the absence of strong real transmission channels between countries. “Cooperation for learning”, the approach to cooperation we present, works by allowing policymakers to exchange experiences and jointly learn how to address regular common policymaking challenges posed by different types of uncertainty. Such cooperation is based on the establishment of links between policymakers and other institutions. International organizations like the United Nations can nurture and support such learning networks. In Latin America…

The Time for Latin America

Read op-ed by ECLAC Executive Secretary, Alicia Bárcena…