This book presents a comparative analysis of the policy responses of developing countries in Africa, Asia and Latin America and the Caribbean to the challenges that greater external financial openness and price and exchange-rate flexibility pose to economic stability. Greater external openness has significantly narrowed developing economies’ policy space, while at the same time increasing the potential for financial fragility and instability. These challenges, which have come to the fore since the global financial crisis of 2008–2009, are also manifest in the profound impact of the COVID-19 pa…
Los bonos de impacto son un innovador mecanismo de financiamiento que busca atraer inversión privada hacia políticas públicas sociales, con énfasis en intervenciones preventivas o de atención temprana parala salud, la educación y la administración de justicia. Asimismo, ofrecen la posibilidad de compartir algunos de los riesgos inherentes a la innovación de políticas, y su financiamiento, con inversionistas privados.
Destacando el potencial de los bonos de impacto como un mecanismo para encontrar soluciones innovadoras a los desafíos de la política social, este documento evalúa el papel de los…
United States trade in goods sustained the recovery that began in 2021. In the first six months of 2022, goods exports increased by 21% compared to the prior-year period, while goods imports rose by 22%. Trade in services has not fully recovered, as major service industries such as travel and transport are still experiencing the lingering effects of the COVID-19 pandemic.
United States-Latin America and the Caribbean Trade Developments 2022 provides an overview of selected developments in trade relations between the United States and Latin America and the Caribbean. In light of the global focu…
The United States economy grew by 2.9% in the third quarter of 2022, a sharp turnaround following two quarters of contraction. Trade was the main source of growth, followed by consumer spending. The labour market averaged 392,000 new jobs per month from January–November 2022, with 4.3 million new jobs created in the period. Inflation rose by 7.1% in November, the slowest 12-month pace since December 2021, closing out a year in which it climbed to the highest level in four decades. The rapid pace of price increases in 2022 added pressure on the Federal Reserve to tame inflation by raising inter…
United States economic outlook: third quarter of 2022
The United States economy rose 2.9% in the third quarter of 2022, a sharp turnaround following two quarters of contraction. Here is the economic outlook in five charts:…
The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on tourism. As a result, the Caribbean has seen a reversal of the hard-won gains achieved in growing their economies and reducing unemployment and inequality. The inflation stemming from pandemic supply chain disruption, which has been exacerbated by the war in Ukraine, has made the sustained uptick in economic performance beyond pre-pandemic levels unlikely, notwithstanding strong growth estimates for 2021 and 2022. The last two years have taught the region that continued ‘business as usual’ is…
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…
The Santiago Commitment was adopted at the fourteenth session of the Regional Conference on Women in Latin America and the Caribbean, organized by the Economic Commission for Latin America and the Caribbean (ECLAC), the Americas and the Caribbean Regional Office of the United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women) and the Government of Chile, and held in Santiago from 27 to 31 January 2020.…
El Compromiso de Santiago fue aprobado en la XIV Conferencia Regional sobre la Mujer de América Latina y el Caribe, organizada por la Comisión Económica para América Latina y el Caribe (CEPAL), la Oficina Regional de las Américas y el Caribe de la Entidad de las Naciones Unidas para la Igualdad de Género y el Empoderamiento de las Mujeres (ONU-Mujeres) y el Gobierno de Chile y celebrada en Santiago del 27 al 31 de enero de 2020.…
En este documento se analiza la baja aportación que han representado los ingresos tributarios de las entidades federativas a los ingresos públicos totales en México y se examinan algunas de las posibles causas. Se parte del marco conceptual de las relaciones de reciprocidad entre el Estado y el contribuyente a nivel de los gobiernos subnacionales y la existencia de imperfecciones en dichas relaciones como resultado del diseño del marco jurídico fiscal. El documento ofrece medidas que las haciendas públicas subnacionales de México pueden implementar con el fin de obtener mayores ingresos por im…
El objetivo de este trabajo es analizar la evolución de la calidad del empleo en Uruguay en el período 2006-2021. En particular, procura identificar los cambios ocurridos a partir de la pandemia del Covid-19. En otro orden, busca profundizar en las consecuencias de la heterogeneidad estructural del mercado de trabajo que provoca la existencia de grupos de población menos favorecidos.…
What impact has the war in Ukraine had on the Uruguayan economy? A new publication of the Studies and Perspectives Series of ECLAC’s Office in Montevideo analyzes these precise effects.
The study entitled Economic Impacts of the War in Ukraine: A View from the Region and Uruguay (in Spanish only) verifies initially that this war represents a crisis of major proportions that overlaps with others that are also very significant, such as the financial crisis of 2008 and the pandemic crisis – which constitute what ECLAC has called a “cascade of crises.” As a result, the world and Latin America and …
¿Cuáles fueron los impactos de la guerra de Ucrania sobre la economía uruguaya? Una nueva publicación de la Serie Investigaciones y Perspectivas de la Oficina de la CEPAL en Montevideo analiza dichos efectos.
La investigación titulada Impactos económicos de la guerra en Ucrania: Una mirada desde la región y el Uruguay constata inicialmente que esta guerra representa una crisis de grandes proporciones que se superpone a otras también muy significativas, como la crisis financiera del 2008 y la crisis de la pandemia –que representan lo que la CEPAL ha llamado una “cascada de crisis”. Como …