Balance Preliminar de las Economías de América Latina y el Caribe 2014

Caribbean Governments Set to Gain Greater Capacity in the Management of Public Finance

Caribbean governments are set to gain greater capacity in the management of public finance since during the next three years, the ECLAC subregional headquarters for the Caribbean will help deepen the expertise of policy makers and finance managers in the application of methods and procedures for better management and forecasting of public expenditure, revenue and debt. The recent global economic crisis was particularly severe on the economies of the Caribbean, especially those that depend heavily on services for their economic growth. It has exacerbated already existing high-levels of debt for…

Gobiernos del Caribe están listos para obtener una mayor capacidad en el manejo de las finanzas públicas

Los gobiernos del Caribe están listos para obtener una mayor capacidad en el manejo de las finanzas públicas durante los próximos tres años. En este período la Sede Subregional de la CEPAL para el Caribe ayudará a profundizar la experiencia de los encargados de formular políticas y de los administradores financieros en la aplicación de métodos y procedimientos para un mejor manejo y pronóstico de los gastos, ingresos y deudas públicas. La reciente crisis económica global fue particularmente severa para las economías del Caribe, especialmente para aquellas que dependen fuertemente de los servic…

Governos do Caribe estão prontos para obter uma maior capacidade na gestão das finanças públicas

Os governos do Caribe estão prontos para obter uma maior capacidade na gestão das finanças públicas durante os próximos três anos. A Sede Sub-Regional da CEPAL para o Caribe ajudará a aprofundar a experiência dos encarregados de formular políticas e dos administradores financeiros na aplicação de métodos e procedimentos para uma melhor gestão e prognóstico da despesa, receita e dívida pública. A recente crise econômica global foi particularmente severa para as economias do Caribe, especialmente aquelas que dependem fortemente dos serviços para seu crescimento econômico. Isto exacerbou os já al…

Preliminary Overview of the Economies of Latin America and the Caribbean 2014

This version of the Preliminary Overview of the Economies of Latin America and the Caribbean provides a development overview of the region’s economy in 2014 and growth projections for 2015.…

Balance Preliminar de las Economías de América Latina y el Caribe 2014

En la presente versión del Balance Preliminar de las Economías de América Latina y el Caribe se analiza el desempeño de las economías de la región en 2014 y sus perspectivas de de crecimiento y desafíos de política para 2015.…

Balanço Preliminar das Economias da América Latina e do Caribe 2014. Resumo executivo

This version of the Preliminary Overview of the Economies of Latin America and the Caribbean provides a development overview of the region’s economy in 2014 and growth projections for 2015.…

Latin American Economic Outlook 2015: Education, skills and innovation for development

The Latin American Economic Outlook analyses issues related to Latin America’s economic and social development. Since 2011, the report has been published in conjunction with the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and has tied in with the economic theme of the annual Ibero-American Summit organised by the Ibero- American governments and Ibero-American General Secretariat (SEGIB). In 2013, CAF – development bank of Latin America (CAF) joined the team of authors. This edition focuses on education, skills and innovation as key inputs for more inclusive …

Perspectivas económicas de América Latina 2015: educación, competencias e innovación para el desarrollo

El informe Perspectivas Económicas de América Latina ofrece un panorama económico regional, así como un análisis de temas relevantes para el desarrollo económico y social de la región. Desde 2011, el informe se publica conjuntamente con la Comisión Económica para América Latina y el Caribe de las Naciones Unidas (CEPAL) y cada edición se vincula al tema económico de la Cumbre Iberoamericana, organizada anualmente por los gobiernos de Iberoamérica y la Secretaría General Iberoamericana (SEGIB). A partir del año 2013, la CAF, Banco de Desarrollo de América Latina, se ha unido al equipo de autor…

The use of key indicators to assess Latin America’s long-term economic performance

Through the astute analysis of official statistics, we can gather a more complete picture of the economic performance of a given country, and understand more fully what have been its drivers, leading to a more effective use of national resources and a more efficient design of policy options. However, the myriad of information and numerical data across the system of macroeconomic statistics can be challenging to interpret in a straightforward manner. In order to synthetically assess economic performance across countries in Latin America we propose the use of a composite indicator, which builds …

Economic growth and real volatility: The case of Latin America and the Caribbean

Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to …

ECLAC Will Release Overview of Region’s Economy in 2014 and Projections for 2015

Next Tuesday, December 2, the Economic Commission for Latin America and the Caribbean (ECLAC) will release its development overview of the region’s economy in 2014 and growth projections for 2015. Alicia Bárcena, ECLAC’s Executive Secretary, will give a press conference at the Commission headquarters in Santiago, Chile, which will take place at 11:00 a.m. and be broadcast live on the institution’s Website. This panorama is part of the annual report Preliminary Overview of the Economies of Latin America and the Caribbean 2014, to be published shortly. Media are invited to attend the press confe…

CEPAL entregará balance de las economías de la región en 2014 y proyecciones para 2015

La Comisión Económica para América Latina y el Caribe (CEPAL) presentará el próximo martes 2 de diciembre su balance del desempeño de las economías de la región en 2014 y sus proyecciones de crecimiento para 2015. Alicia Bárcena, Secretaria Ejecutiva de la CEPAL, dará una conferencia de prensa en la sede de la Comisión en Santiago, Chile, que se realizará a las 11:00 horas y que será transmitida en directo por internet a través del sitio web de la institución. Este panorama es parte del informe anual Balance Preliminar de las Economías de América Latina y el Caribe 2014, que será publica…

CEPAL apresentará balanço das economias da região em 2014 e projeções para 2015

A Comissão Econômica para a América Latina e o Caribe (CEPAL) apresentará na próxima terça-feira, 2 de dezembro o balanço do desempenho das economias da região em 2014 e as projeções de crescimento para 2015. Alicia Bárcena, Secretária-Executiva da CEPAL, dará uma coletiva de imprensa na sede da Comissão em Santiago, Chile, que se realizará às 11h, 12h de Brasília e que será transmitida ao vivo pelo site da Instituição. Este panorama faz parte do relatório anual Balanço Preliminar das Economias da América Latina e do Caribe 2014, que será publicado nas próximas semanas. Os meios d…

Capital Flows to Latin America and the Caribbean: Recent Developments

For six years, the global economy has been driven by the U.S. Federal Reserve’s policies of easy money. Liquidity has flowed from developed to developing economies, financing infrastructure and corporate investment and allowing consumers to indulge in credit-fuelled retail spending. Thus the effective ending of the Fed’s third round of asset purchases (QE3) at the end of October represents both a watershed and the beginning of a new stage in the world economy. The end of asset-purchases comes at a challenging time for emerging markets, with China’s economy slowing, the Euro zone struggling to …

Structural change and growth in Central America and the Dominican Republic: an overview of two decades, 1990-2011

This book explores the changes that have occurred as regards the production structure, trade and society in Central America and the Dominican Republic, and how these have influenced the countries’ growth trajectories. One of the conclusions it reaches is that the subregion overall has enjoyed faster economic growth than the rest of Latin America over the two decades examined, which has helped to raise people’s incomes and living standards. Yet this progress falls far short of what is needed, given the high levels of poverty and indigence and the glaring inequalities suffered by much of the pop…

El ciclo económico del Uruguay, 1998-2012

Este documento analiza las características del último ciclo de desarrollo de la economía uruguaya (1998-2012) y los cambios en la estructura productiva y de las exportaciones. El análisis desarrollado en cada capítulo se complementa con una descripción de las políticas productivas implementadas a lo largo del período de estudio, tanto a nivel sectorial, como horizontal en tres dimensiones: inversión, exportaciones e innovación.…

A periodization of Latin American development in the Robinsonian tradition

This paper analyzes Joan Robinson's growth model and then adapts it in order to provide an explanatory taxonomy of Growth Eras. The Growth Eras or Ages were for Robinson a way to provide logical connections between output growth, capital accumulation, the degree of thriftiness, the real wage and illustrate a catalogue of growth possibilities. This modified taxonomy follows the spirit of Robinson's work, but it takes different theoretical approaches. which imply that some of the classifications do not fit perfectly the ones here suggested. Latin America has moved from a Golden Age in …

División de Financiamiento para el Desarrollo participa en Conferencia por la Transparencia Financiera

Coorganizada por la Financial Transparency Coalition(FTC) y la Red Latinoamericana sobre Deuda, Desarrollo y Derechos (LATINDADD), contó con la participación de la División de Financiamiento para el Desarrollo de la CEPAL en referencia a temas de la arquitectura institucional internacional contra los flujos financieros ilícitos.…

The employment situation in Latin America and the Caribbean: Employment formalization and labour income distribution

The employment situation in Latin America and the Caribbean is a twice-yearly report prepared jointly by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC) and the Subregional Office for the South Cone of Latin America of the International Labour Organization (ILO). Strong job creation and wage gains have proved to be a key factors in reducing poverty —quite substantially— in our region over the past decade. Together with the implementation of innovative social policies, the narrowing of wage gaps has played a fundamental role in reducing i…