16 Jun 2003, 00:00 - 14 Oct 2025, 15:49
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The emerging markets debt class entered 2003 in sound shape. Similar to 2002, emerging markets debt finished the first quarter of 2003 as the top performer over all other fixed income asset classes, as well as equity markets. The downside risks for the global recovery, uncertainty about the length of the war with Iraq, and the deteriorating economic outlook in the US and Europe actually contributed to highlight the benefits of diversification into emerging markets. The flow of funds into emerging debt markets was a major factor pushing spreads down during the quarter. These inflows were drive…
1 Mar 2003, 00:00 - 14 Oct 2025, 15:55
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Publicación
Abstract The paper deals with changes in the regulation and supervision of the Latin American financial sector in the aftermath of the Tequila Crisis of 1994-1995. While it finds that both have improved, regulation and supervision cannot resolve all problems; good macroeconomic policy and performance are essential complements. This is especially true because of the procyclical nature of financial activity. The paper presents both regional data for Latin America, contrasting it with other emerging markets, and four country case studies (Argentina, Brazil, Chile, and Mexico). The latter show how…
1 Ene 2003, 00:00 - 14 Oct 2025, 15:50
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Abstract New technological options that permit the use of digital systems to create and disseminate information around the world are paving the way for new means of organizing society and economic production and are gradually giving rise to a meta-paradigm that has come to be referred to as the Information Society. Viewed from the perspective of developing countries, the question of how to employ this emerging paradigm to achieve broader development goals and to integrate them more fully into the global Information Society is an issue of the utmost importance on the development agenda…
1 Mar 2002, 00:00 - 14 Oct 2025, 15:54
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Abstract The internationalisation of the euro is in its initial stages and it is still difficult to draw any definitive conclusions regarding its scope and its implications for Latin America. Indeed, the emergence of an internationally used currency is slow and subject to inertial forces. Nonetheless, several fairly robust conclusions can be inferred from the results of the document. The most plausible medium- to long-term international scenario seems to be development of an asymmetrical duopoly between the euro and the dollar. In a context of scant international monetary cooperation, th…
Abstract
The Caribbean countries have for decades been described as being data poor . The inability of the countries to provide, in a number of areas, data on certain issues of national or world importance has its roots in the poor information infrastructure that characterizes the Caribbean countries.
The national accounts are designed to provide information on almost every aspect of national life that must be of interest to the administration and citizenry alike. This paper looks at the countries' implementation of the United Nations System of National Accounts (SNA); from th…
30 Ene 2001, 00:00 - 14 Oct 2025, 15:50
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Publicación
The need to devise an appropriate mechanism for the meaningful participation of smaller economies in the Free Trade Area of the Americas (FTAA); has been recognized since the beginning of the process of integration in the Americas and was articulated in the Plan of Action and Declaration of the Summit of the Americas, held in Miami in December 1995 (1); . Since then, the San Jose Declaration (2); reiterated the commitment of the countries of the hemisphere to ensure the full participation of the smaller economies in the FTAA and increase their level of development.
The declaration states that …
The objective of this paper is to explore the effects of globalization on the labour market and social stratification. It is generally held that globalization will bring about progress for nations and people. This, however, is far from clear, since the experience of almost two decades has been raising increasing doubts about the potential net gains and, particularly, the distribution of such gains. Clearly, there are winners and losers among both countries and people. We will concentrate on the effects upon people within countries and refer only to one region: Latin America. Our aim is to iden…
1 Mar 2000, 00:00 - 14 Oct 2025, 15:54
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Summary
Capital flows returned to the Latin American in the 1990s after nearly a decade-long of the so-called debt crisis that featured a negative transfer of resources. These new capital flows were closely related to the economic reform process in the region. On the one hand, the reforms were a source of attraction for foreign investors. On the other hand, they helped the reforms succeed by relieving the external constraint that depressed growth during the 1980s.
Nevertheless, the new inflows also created problems. While average inflows in the 1990s were very similar to the amounts received b…
1 Abr 1997, 00:00 - 14 Oct 2025, 15:55
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Publicación
The system of currency convertibility has shown that it is effective in overcoming inflation in Argentina, but its capacity for supporting a stable growth process and acting as a monetary and exchange-rate system which does not involve intervention and heavy costs on the part of the State is currently being questioned. The present article deals with this aspect on the basis of an analysis of the 1991-1995 period and identifies some key features of the functioning of the system: its reactions to movements of foreign capital; its interrelations with the domestic banking system; the extent to whi…
In the author's view, the Mexican financial crisis which erupted at the end of 1994 was not unique, although it did have some special features. Thus, since it could happen again, it would be desirable to gain an in-depth understanding of it. This article therefore analyses the process and underlying causes of the Mexican peso crisis. For this purpose, the author distinguishes three main periods. The first of these extends from the beginning of 1990 up to March 1994, and an analysis is made of the problems that were hatching and the policy options that were available. With regard to the se…
The external and internal imbalances that appeared in the early 1980s, together with the adjustment and stabilization policies applied throughout that decade in Latin America, juxtaposed the need to reduce the fiscal deficit with the need to make up for the loss of income sustained by the most vulnerable groups of the population as a consequence of the external debt crisis. This article examines patterns of social expenditure in a number of countries in the region, in an effort to determine how these policies affected the level and composition of social spending and, hence, influenced social p…
This year, the two-day seminar in Port-of-Spain is themed “Positioning the Caribbean in the knowledge economy: The role of data”. It is being held at the Radisson Hotel and Conference Centre in Port of Spain. Ramdin presided at the opening ceremony.
Minister Ramdin said “…our economies are commonly characterized as either services-based or goods-based; never knowledge-based. Meanwhile, the current global labour market is increasingly becoming knowledge-intensive… Understanding and appropriately responding to these market forces requires, among other things, a better appreciation for, an…
16 Ene 2023, 00:00 - 14 Oct 2025, 15:54
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This study reviews the level of statistical skills and competencies of staff of National Statistical Offices of the Caribbean as a critical step in enhancing the statistical capacity of National Statistical Systems in the subregion. Building on discussions of statistical literacy in national policies and regional frameworks such as the CARICOM Regional Strategy for the Development of Statistics (RSDS), the study explores statistical literacy and competencies using self-reported responses of NSO staff to a structured questionnaire that focused on technical expertise of staff and their perceptio…
2 Ene 2023, 00:00 - 14 Oct 2025, 15:50
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Publicación
In this digitally transforming world, digital inclusion is becoming increasingly important to social inclusion and sustainable development. Affordable access to broadband is an essential precondition to digital inclusion. Internet quality, as measured by speed and other indicators, is also important, as digital inclusion is ultimately about ensuring equal access to the benefits and opportunities offered by digital technologies and the Internet. This policy brief provides insight into Internet speed and affordability across the Caribbean, and offers some recommendations for policymakers working…
31 Ene 2018, 00:00 - 14 Oct 2025, 15:50
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This study presents a situation analysis of persons with disability in the Caribbean. It includes a compilation and analysis of national census data from 16 countries including data from both the 2000 and the 2010 census rounds. The study also assesses national laws, policies and programmes in the context of relevant international treaties and agreements. The topics covered include health and rehabilitation, accessible buildings, transport, information and communications technology, education and labour market participation. In each of these areas, good practices, gaps, and priorities for acti…
1 Nov 2015, 00:00 - 14 Oct 2025, 15:50
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This paper will contend that the post-2015 development agenda presents a major opportunity for Caribbean countries to reverse decades of lagging economic performance and make the transition to balanced, holistic, and people-centred growth and development.
The MDGs, while valuable in promoting gains in poverty reduction, health, education, nutrition, and maternal well-being were not tailored to the growth and development needs of the region. This can now be changed by a post-2015 development agenda which goes beyond improving the welfare of citizens by meeting basic needs and enhancing access t…
Statement by Alicia Bárcena
Executive Secretary, ECLAC, United Nations
High Level Launch of the
Global Partnership on Sustainable Development Data
Hosted by the Governments of the United States, Kenya, Mexico, and Colombia
New York, 28 September 2015
Jose Angel Gurria, Secretary General of OECD
Mahmoud Mohieldin, Corporate Secretary and President’s Special Envoy on Millennium Development Goals, World Bank Group
Amina J.Mohammed, Special Advisor to the Secretary General on Post-2015 Development Planning
Justine Greening, UK Secretary of State for International Dev…
1 Abr 2014, 00:00 - 14 Oct 2025, 15:50
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This paper provides empirical evidence to assess the impact of socioeconomic and political variables on different measures of income inequality based on the 27 units of the Brazilian federation in the period from 1999 to 2008. The Brazilian experience is a good example for understanding the income inequality policies in developing countries. The findings suggest that the improvement observed along the period under analysis is a result of the combination of increased trade openness, technological and financial development, a reduction in the unemployment rate, the adoption of social policies th…
1 Jun 2011, 00:00 - 14 Oct 2025, 15:50
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This book is the final report of the ECLAC-IDRC project Observatory for the Information Society in Latin American and the Caribbean OSILAC, which aims at understanding the dynamics of the ICT evolution and revolution and producing evidence on its potential to promote socio-economic development. As such, microdata analysis drawn from National Household Surveys and National Innovation Surveys in Latin America were used in the framework of the project in the attempt to reach those objectives. Both statistical information sources provide attractive potentialities in order to investigate not only d…
19 Nov 2009, 00:00 - 14 Oct 2025, 15:53
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Publicación
As part of ongoing efforts to strengthen the statistical capacities of National Statistical
Offices (NSOs) in the region, the Economic Commission for Latin America and the Caribbean
(ECLAC) convened a two-day Regional Training Workshop on Data Sharing, Data Ownership
and Harmonization of Survey Datasets on 26-27 August 2009 at the Cascadia Hotel, Trinidad
and Tobago. This workshop was one of the concluding activities of the Project on Improving
Household Surveys in the Caribbean which has been implemented by the ECLAC Subregional
office from 2007.…