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Public-private alliances for long-term national development strategies
Few developing countries have succeeded in consistently closing theincome gap with the world's richest nations without proactive governmentaction in pursuit of economic transformation and a dynamic role in theglobal economy. Two factors are crucial here: the development andimplementation of a medium- and long-term strategy to achieve rapideconomic transformation, and the support provided to this strategy by apublic-private alliance forged by means of a social process suited to localconditions. This article analyses the way alliances of this kind operate in10 countries outside the region d…
Institutions and public policies for rural development in Guatemala
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…
Macroeconomic policies for growth
This article analyses the interrelation between the macroeconomic framework and growth. After reviewing the recent macroeconomic environment, highlighting progress and shortcomings, it focuses on the implications of the existence of gaps between production capacity and its degree of utilization or effective demand; the way in which persistent disparities in this respect affect the speed of expansion of the production frontier is illustrated by examples from the 1980s and 1990s. It then reviews economic policies that affect the degree of proximity between the production frontier and effective d…
ECLAC will Present in Chile Its Latest Economic Report on Latin American and Caribbean's Countries
The Economic Commission for Latin America and the Caribbean (ECLAC) will present on Thursday, December 14 its Preliminary Overview of the Economies of Latin America and the Caribbean 2017, in which it will update its growth estimates for the region’s countries in the present year and projections for 2018. The report will be presented by Alicia Bárcena, ECLAC’s Executive Secretary, in a press conference at the Commission’s headquarters in Santiago, Chile, at 11:00 a.m. local time (UTC/GMT -3:00). The event will also be broadcast live on the Internet via the institution’s Web site. The 2017 edit…
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…
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