CEPAL Review no. 124

Revista CEPAL no. 124

Fiscal Policy is a Fundamental Instrument for Achieving the 2030 Agenda and Inclusive, More Equitable Growth

Authorities from various countries and distinguished international experts kicked off the 30th Regional Seminar on Fiscal Policy, pointing out that fiscal policy is a fundamental instrument for achieving inclusive and more equitable economic growth, and thus meeting the 2030 Agenda and its Sustainable Development Goals (SDGs). The event, which has become a milestone for discussing current economic and fiscal issues in the region, is celebrating its 30th anniversary this year. It is organized by the Economic Commission for Latin America and the Caribbean (ECLAC) with support from the Internati…

La política fiscal es un instrumento fundamental para alcanzar la Agenda 2030 y un crecimiento inclusivo con mayor igualdad

Autoridades de varios países y destacados expertos internacionales dieron inicio hoy en Santiago de Chile al 30⁰ Seminario Regional de Política Fiscal, ocasión en la que señalaron que la política fiscal es un instrumento fundamental para alcanzar un crecimiento económico inclusivo y con mayor igualdad, y de esta manera lograr la Agenda 2030 y sus Objetivos de Desarrollo Sostenible (ODS). El evento, que se ha consolidado como un referente en la discusión de la actualidad económica y fiscal de la región y que este año celebra su trigésimo aniversario, es organizado por la Comisión Económica para…

Inauguración de la Trigésima versión del Seminario Regional de Política Fiscal

Palabras de Alicia Bárcena, Secretaria Ejecutiva de la CEPAL, en la inauguración de la Trigésima versión del Seminario Regional de Política Fiscal Lunes 26 de marzo de 2018 Sala Raúl Prebisch, CEPAL Donald Guerrero Ortiz, Ministro de Hacienda, República Dominicana Ana Paula Vescovi, Secretaria del Tesoro, Tesoro Nacional de Brasil Martha Cubillo Jiménez, Viceministra de Egresos y Tesorera Nacional, Costa Rica Señoras y señores Ministros y Subsecretarios de los países de América Latina y el Caribe; Rolf Peter Shulze, Embajador de la República Federal de Alemania en Chile; Carlos Robles Fraga, …

Economías de Centroamérica y la República Dominicana crecerán 4,4% en 2018

La Comisión Económica para América Latina y el Caribe (CEPAL) estima que el crecimiento promedio de las economías de Centroamérica y República Dominicana (CARD) será de un 4,4% en 2018, lo que representa un alza de 0,4 puntos porcentuales por encima del anotado en 2017. Así lo señala e su informe Centroamérica y República Dominicana: evolución económica en 2017 y perspectivas para 2018. Balance preliminar, publicado recientemente por la Sede Subregional del organismo en México. El documento agrega que, por otro lado, se espera una desaceleración del consumo y la inversión, ante nuevo…

As economias da América Central e República Dominicana crescerão 4,4% em 2018

A Comissão Econômica para a América Latina e o Caribe (CEPAL) estima que o crescimento médio das economias da América Central e República Dominicana será de 4,4% em 2018, o que representa um aumento de 0,4 ponto percentual em relação ao registrado em 2017. Assim assinala o relatório América Central e República Dominicana: evolução econômica em 2017 e perspectivas para 2018. Balanço preliminar, publicado recentemente pela Sede Sub-Regional no México. O documento acrescenta que, por outro lado, espera-se uma desaceleração do consumo e do investimento, ante novos aumentos das taxas de juros e do …

The Economies of Central America and the Dominican Republic Will Grow 4.4% in 2018

The Economic Commission for Latin America and the Caribbean (ECLAC) estimates that average growth for the economies of Central America and the Dominican Republic (CADR) will reach 4.4% in 2018, representing a 0.4 percentage point increase over what was recorded in 2017. This is according to the report Central America and the Dominican Republic: Economic Evolution in 2017 and Prospects for 2018. Preliminary Overview, published recently by the organization’s Subregional Headquarters in Mexico. The document adds that consumption and investment are expected to decelerate, due to fresh increases in…

Economist Samuel Bowles Urges the Construction of a New Economic Paradigm Based on More Egalitarian Societies

Distinguished US economist and prominent international scholar Samuel Bowles gave a keynote lecture today at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, where he called for the construction of a new economic policy paradigm based on more egalitarian and democratic societies. The current Director of the Behavioral Sciences Program at the Santa Fe Institute in Santa Fe, New Mexico (US), Professor Emeritus of Economics at the University of Massachusetts (Amherst) and PhD in Economics from Harvard University, was welcomed by ECLAC’s E…

Economista Samuel Bowles insta a la construcción de un nuevo paradigma económico basado en sociedades más igualitarias

El destacado economista estadounidense y referente académico internacional Samuel Bowles, dictó hoy una conferencia magistral en la sede de la Comisión Económica para América Latina y el Caribe (CEPAL) en Santiago, Chile, en donde instó a la construcción de un nuevo paradigma de política económica sustentado en sociedades más igualitarias y democráticas. El actual Director del Programa de Ciencias del Comportamiento del Santa Fe Institute, Santa Fe, Nuevo México (Estados Unidos), Profesor Emérito de Economía en la Universidad de Massachusetts (Amherst) y Doctor en Economía de la Universidad de…

Distinguished Economist Samuel Bowles Will Give a Keynote Lecture at ECLAC

The distinguished US Economics Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute (in Santa Fe, New Mexico), Samuel Bowles, will give a keynote lecture at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, next Tuesday, March 13. In the framework of a visit to Chile, Professor Bowles will offer a talk entitled “The Origins and Future of Economic Inequality: Institutions, Technology and Politics” at 11 a.m. in ECLAC’s Raúl Prebisch conference room. He will be welcomed by the Executive Secretary of the Unit…

Destacado economista Samuel Bowles dictará conferencia magistral en la CEPAL

El destacado Profesor de Economía estadounidense y Director del Programa de Ciencias del Comportamiento del Santa Fe Institute, Santa Fe, Nuevo México (Estados Unidos), Samuel Bowles, dictará una conferencia magistral en la sede de la Comisión Económica para América Latina y el Caribe (CEPAL) en Santiago, Chile, el próximo martes 13 de marzo. En el marco de su visita a Chile, el Profesor Bowles ofrecerá una charla titulada “Los Orígenes y el Futuro de la Desigualdad Económica: Instituciones, Tecnología y Política” (The Origins and Future of Economic Inequality: Institutions, Technology and Pol…

U.S. Economic Outlook: Recent developments

The U.S. economic expansion remains on track and it has entered its ninth year. January marked the 103th month of growth for the U.S. economy. By May, the current economic expansion will become the second longest on record.1 The unemployment rate sits at 4.1%, the lowest level since December 2000, suggesting the economy has reached, or nearly reached, full capacity.…

A global value chain analysis of offshore medical universities in the Caribbean

This study is intended to be exploratory in nature. It seeks a better understanding of i) how the OMU cluster emerged; ii) the characteristics of the offshore medical universities in the Caribbean cluster; iii) the contribution of the offshore medical universities to the economy of the host Caribbean countries; and iv) the prospects for enhancing the educational quality, and value added captured by the Caribbean in the medical value chain.…

Caribbean development report: A perusal of public debt in the Caribbean and its impact on economic growth

This paper examines the genesis and evolution of debt and debt overhang in the Caribbean with individual case studies, to extract lessons and make broad recommendations with regard to appropriate mechanisms and policy measures that can be implemented to reduce the debt burden of the subregion. The econometric model utilized in the paper has shown that a one percent increase on debt to GDP ratio causes a 0.015decline in real GDP growth for the countries in the Caribbean panel, suggesting that debt has a pernicious effect on growth on Caribbean economies. What is even more worrisome was that Car…

Economic Survey of the Caribbean 2017

Although the growth performance has been mixed in the Caribbean year, on averaged the economies posted an economic growth of 0.7 per cent in 2016. The goods producers achieved -3.1 per cent growth, due to weak commodity prices. While the service producers achieved 2.1 growth. Despite the anemic growth performance, the region managed to decrease its unemployment rate to 11.2 per cent in 2016, relative to the 15.2 per cent experienced in the previous year.…

Indicador oportuno trimestral del crecimiento económico de Cuba: nota técnica

La gran mayoría de las principales estadísticas económicas de Cuba tienen una periodicidad anual y se publican con un rezago de varios meses e, inclusive, de años. Por ello, nos parece importante contar con un indicador más oportuno (trimestral) de la actividad económica de Cuba, que sirva de herramienta para enriquecer y hacer más preciso el análisis macroeconómico del país caribeño. Este documento analiza en detalle eta temática . En la primera sección se describe el procedimiento para construir un «indicador de la economía exterior de Cuba (IEE)», con una frecuencia trimestral. En la segund…

New ECLAC study explores film and music sectors of Jamaica

Experts across the region agree that there is significant potential for strengthening the economic contribution of the music and film industries in Jamaica and the wider Caribbean. However, this can only be fully realized by learning from industry success factors and, more importantly, by addressing existing constraints. These findings emerged from a newly published study from the Economic Commission for Latin America and the Caribbean (ECLAC) on “The Film and Music Sectors in Jamaica: Lessons from Case Studies of Successful Firms/Ventures”. Success factors in the Caribbean’s m…

The Hummingbird Vol.5 No.1

An analysis of the art and craft sector and its potential for sustainable tourism development in the Caribbean

Art and craft is considered to be an integral part of the tourism business, since it plays an important role as souvenirs and mementos, thereby spatially and temporarily expanding the visitor experience. It is also increasingly looked upon as an opportunity to diversify the tourism sector offerings, as well as the broader economic base. As part of the overall global creative economy, the art and craft sector has seen consistent trade growth over the past two decades, and has shown the capacity to forge even stronger linkages with the tourism sector. This paper examines the nature of this relat…