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Publications (8)
– Will local content do the trick?
Extractives and interlinked industries are expecting a boom in Mozambique. This could be good news for the country’s economy, in theory. But can extractives really work as a driver to diversify the Mozambican economy? It is unlikely that the extractives sector can any time soon be used to finance...
– Policy Changes and Lessons
For the last quarter of the twentieth century, Latin America suffered from low growth, rising inequality, and frequent financial crises. However, since the beginning of the twenty-first century the region has enhanced its growth performance, reduced social polarization, and improved macroeconomic...
Research Brief
Integration of Latin America into the international economy over the past quarter century has led to faster export growth, but not to faster GDP or productivity growth Contrary to mainstream analysis, under the current market reforms countries have underperformed as compared to the prior period of...
– How can natural resources support inclusive growth in Africa
For a growing number of countries in Africa the discovery of natural resources is a great opportunity, but one accompanied by considerable risks. There is an extensive literature linking natural resource dependence to poor economic performance. One cause is that resource-abundant economies tend to...
Research Brief
– An Empirical Analysis
Left-of-centre governments emphasized fiscally-prudent but more equitable macroeconomic, tax, social expenditure and labour policies A drop in the premium paid to skilled workers following a rapid expansion of secondary education decreased wage inequality Addressing continued inequality In recent...
Research Brief
After tax reforms in the 1980s and 1990s, income inequality increased in many Latin American countries The tax reforms of the 2000s have been more equalizing in terms of income inequality: Argentina, Honduras and Nicaragua have seen the most redistribution of income Taxation remains unequalizing in...
Research Brief
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Social insurance has not succeeded in reducing fiscal deficits and expanding coverage to more beneficiaries in Latin America Social assistance has had a greater impact on poverty and inequality than social insurance In lower-middle-income countries, social assistance programmes have not expanded as...
Research Brief
During the 1990s, inequality in Ecuador increased because of a natural disaster and deep economic and financial crisis, as well as the impact of liberalization of the trade and financial sectors on labour markets Falling income equality in Ecuador during the 2000s partly coincides with the rise to...
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