This article aims to make a walk-through in the virtual reality of budgetary and fiscal matters in order to identify the possible degrees of freedom to achieve a higher level of convergence between the public discourse on equity and the real content of public policies aimed at that goal. To this end, the author explores possible answers to four questions: what is the current meaning of the concept of equity; how much leeway is there in the field of taxation for expanding resources and improving vertical equity; what means are there for giving priority to the objective of equity in managing pub…
This article makes both a theoretical and an empirical analysis of the new policies applied in Argentina since 1992 with regard to the treatment accorded to capital goods: exemption from import duties, with drawback facilities for domestic producers in respect of their local sales. The new system is evaluated through a detailed analysis of its effects on demand for capital goods (section II);; on the domestic supply of such goods (section III);; and on some macroeconomic variables such as the fiscal balance (section IV); and the external balance (section V);. Some aspects relating to the manag…
7 - 08 Oct
2024, 08:00 - 10:00
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Evento (Meetings and technical symposiums)
An Introduction to CGE Modeling is designed to introduce fundamental concepts and practices of tax and trade policy assessment. The primary tool used is Computable General Equilibrium (CGE) modelling.
The workshop will be a brief introduction to the practice of economic impact analysis, and a presentation of how CGE models are used to provide evidence-based analysis for Caribbean countries. The presentations will explain standard economic theory behind general equilibrium and will provide examples of CGE applications for tax policy and international trade analysis.…
14 Oct 2022, 06:00 - 15:00
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Evento (Comité Ejecutivo)
Caribbean Development and Cooperation Committee (CDCC) Member Countries and Associate Members will convene for the 29th session.
(Meeting documents can be found below)…
Addressing inequality fosters an enabling environment for innovation and capacity-building amid technological advancements, leading to economic growth and the strengthening of political institutions.
Despite the increased focus on income inequality in recent years, its measurement remains a topic of discussion. This document highlights the need to improve the availability and timeliness of household surveys, national accounts and income tax records for a more complete picture of income distribution. Integrating these data sources through the construction of “distributional national accounts” p…
The Joint Program “Support for the development of an Integrated National Financing Framework for the SDGs in Cuba” (CIFFRA) is part of the more than 60 experiences implemented worldwide to finance the 2030 Agenda under the global framework agreed upon by world leaders in Addis Ababa, Ethiopia in 2015. CIFFRA is part of the initiatives funded by the Joint SDG Fund of the United Nations System (Joint SDG Fund).
CIFFRA Policy Notes represent an effort by the project's Technical Committee to document, executively, its main progress, results and messages. This first note is dedicated t…
What: Twenty-ninth (29) session of the Caribbean Development and Cooperation Committee.
When: 14 October 2022 (Opening ceremony at 9 am).
Where: The Royal Torarica Hotel, Kleine Waterstraat 10, Paramaribo, Suriname.
Background Information
Caribbean Development and Cooperation Committee (CDCC) Member Countries and Associate Members will convene for the 29th Session. Pursuant to resolution 358(XVI) of 1975, the CDCC was created as a permanent subsidiary body of the Economic Commission for Latin America and the Caribbean (ECLAC), to promote development cooperation among Caribbean countrie…
Caribbean economies have been grappling with high debt, low growth and structural challenges which have been exacerbated since the onset of the COVID-19 pandemic. There is, therefore, an urgent need to reduce debt and promote resilience building for these economies. The Economic Commission for Latin America and the Caribbean (ECLAC) has proposed the establishment of the Caribbean Resilience Fund (CRF) as a mechanism to contribute to the achievement of these critical development goals. The CRF is a special purpose financing vehicle intended to leverage long-term low-cost development financing f…
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (third quarter of 2018) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
The Latin America and Caribbean (LAC) region has seen the best and the worst conditions for tapping international capital markets this year. In January 2018, issuers from the region placed their highest ever monthly volume of debt in international markets: US$ 32 billion. First quarter debt issuance in international markets…
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 Economic Commission for Latin America and the Caribbean (ECLAC) headquarters in Port of Spainrecentlybrought together decision makers from Belize, Grenada and Trinidad and Tobago to examine the trade-related performance of Caribbean countries.
he basis for discussion was the ECLAC study entitled “Monitoring trade agreements: Improving export performance and promoting industrialization in the goods-producing economies of the Caribbean”. The study highlighted that the exports of Belize, Suriname, and Trinidad and Tobago are concentrated towards few markets, most notably the United Stat…
Consultations aimed at explaining the importance of pursuing public expenditure reviews (PERs) as part of the budget process were facilitated in Belize by a team from the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean, led by Deputy Director, Dr. Dillon Alleyne, along with Coordinator of the Economic Development Unit at ECLAC Caribbean, Sheldon McLean, and consultant, Professor Vanus James.
PERs are intended to align expenditures with government’s priorities. They also aim to provide savings, either from expenditure reallocati…
“There is no question that the Caribbean is shouldering an unsustainable debt burden which compromises the capacity of the economies for sustained growth and restricts the options available to governments to introduce important social and welfare programmes” the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, said via video conference in opening the 17th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC) on 26 June, during which Ministers and high-level Government representatives from the…
The Caribbean receives higher amounts of Foreign Direct Investment (FDI) when compared to other developing economies, according to a newly published report from the Economic Commission for Latin America and the Caribbean (ECLAC).
Entitled “Foreign Direct Investment in Latin America and the Caribbean”, the flagship report was launched by ECLAC Executive Secretary, Alicia Bárcena, on 27 May at the organization’s headquarters in Santiago, Chile.
This year, the annual report places increased emphasis on the importance of foreign direct investment (FDI) for the Caribbean. FDI inflows into the Carib…
There is much advocacy in the Caribbean regarding the need for evidence-based policy making, that is – policy making that is based on timely and reliable data regarding a particular economic and/or social problem, to promote good governance and facilitate enhanced policy and programme outcomes. However, the reality remains an elusive one for many Caribbean policy makers, who implement policies based on ideas, as well as ad hoc or outdated data.
Outside of the Caribbean, the United Kingdom, Australia and the United States of America are countries where polic…
This study analyzes the patterns of development in the Caribbean and gives particular focus to the challenges to and opportunities for sustainable development. The study is divided into two parts. The first part of the study examines trajectories for development in the Caribbean, while the second addresses the relationship between competition and integration.1
The significant development gains attained since independence have been threatened in the last decade. Slowing productivity growth, rising debt, increasing crime and social dislocation in recent years have adversely affected growth in pe…
This may well be the first time since Latin America gained its independence in the early 1800s that a major economic contraction and financial calamity in the industrialized world has not caused a wave of currency, sovereign debt or banking crises in the region. What explains Latin America's unprecedented resilience in contrast with, for example, Eastern Europe's now-evident financial vulnerability? Here we review the enormous progress made by many governments in Latin America in the past decade to reduce currency mismatches, allow for more flexible exchange-rate regimes, enhance the…
We analyze the emergence of large-scale education systems in a framework where growth is associated with changes in the configuration of the economy. We model the incentives that the economic elite could have (collectively); to accept taxation destined to finance the education of credit-constrained workers. Contrary to previous work, in our model, this incentive does not necessarily arise from a complementarity between physical and human capital in manufacturing. Instead, we emphasize the demand for human-capital-intensive services by high-income groups. Our model seems capable to account for …
The recovery of the economies of MERCOSUR, and the disturbances that the recent crises generated in the region have motivated reconsideration of the medium term prospects of the integration project. This paper tries to contribute to this activity with a brief analysis of regional macroeconomic interactions, and a discussion in broad terms of incentives and restrictions for macroeconomic cooperation in the specific conditions of the region. The themes that play through the discussion are that (i) the lack of a shared concrete perspective about the role of MERCOSUR for the growth of the nationa…
This document was prepared by Sarah Bradshaw, consultant for the Economic Commission for Latin America and the Caribbean (ECLAC), under the supervision of the Women and Development Unit, in close collaboration with the Sustainable Development and Human Settlements Division and the ECLAC Subregional Headquarters in Mexico City, in the framework of the Project Improve damage assessment methodology to promote natural disaster mitigation and risk reduction awareness and preparedness in Latin America and the Caribbean (ITA/99/130). The paper analyses the socio-economic effects of hurricane Mi…