Towards an integrated vision for dealing with instability and risk

This article puts forth a hypothesis and a challenge. The hypothesis: structural change in the international economy and in the management of public policy has brought about changes in economic performance, affected employment, poverty, and equity and resulted in greater insecurity and uncertainty. The challenge: coping with this insecurity and uncertainty despite public policy's abandonment of its historical role and the lack of success thus far of the new approaches. This study points to the greater vulnerability today stemming from the labour market as well as asymmetries in trends in …

Managing in the public sector for investment and growth

This article will focus on the central role played by imperfect or incomplete markets in the spread and perpetuation of recessionary situations. It is a known fact that demand volatility perpetuates such situations, and this can only be mitigated by sustainable economic stimulus policies. Macrofiscal rules, which are important for enhancing the tarnished credibility of State action, need to combine two basic principles: responsibility and stability. This means preserving regulation mechanisms so that excessive macroeconomic fluctuations can be stabilized. The best thing the authorities can do …

Directions for the reform process in the Caribbean

Summary This document outlines the recent economic performance of the Caribbean countries and some of the salient issues and problems confronting policy making at this time. A discussion on trading relationships and the prospects facing the Caribbean in the changing regional and world environment follows. The Lome Convention, bananas, the Sugar protocol, the state of the Caribbean Community, CARIBCAN and the CBI are examined in this section. Challenges facing state reform, such as poverty, social services and the financial system are highlighted.…

II Foro Iberoamericano de Ministras y Ministros de Trabajo sobre trabajo decente y educación

Economy of Latin America and the Caribbean to Grow Around 1% in 2015, According to ECLAC’s Latest Forecast

The Economic Commission for Latin America and the Caribbean (ECLAC) has revised downward its economic growth projection for the region in 2015, forecasting a 1.0% increase in the regional Gross Domestic Product (GDP), the United Nations organization said today in a press release. This revision reflects a global environment characterized by less economic dynamism than what was expected at the end of 2014. With the exception of the United States, industrialized countries have revised their growth estimates downward, and emerging economies continue to decelerate. The region is expected to keep ec…