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There was the economic development "miracle" in the East Asia Region, then the great crash. In the Latin American and Caribbean region, there remain question marks, little increased growth, and no "miracle" in sight. Given the opportunity to observe both of these regions first hand over a 25-year period, Shahid Javed Burki, relates his observations, perceptions, and comparisons of these diverse emerging economies. As he departs the World Bank, Mr. Burki leaves this contribution to the store of Bank knowledge for future reference. It is both a professional and personal narrative of two dynamic regions undergoing tremendous change. Mr. Burki shares his unique insight into these economies and his own changing perceptions during his work in the Latin American and Caribbean region.
A growing concern in most regions of the world is the heightened incidence of criminal and violent behavior, especially in the Latin American and Caribbean Region. This study uses a new data set of crime rates for a large sample of countries to analyze the determinants of national homicide and robbery rates. The authors describe a simple model of "incentives to commit crimes" by estimating several econometric models and utilizing empirical models to draw their conclusions.
The idea that a private enterprise has a social function and some obligations to all stakeholders is not something that has always existed. Concepts like sustainable development and shared value appeared only after a long process of trial and error. Understanding the origins of the theory of corporate social responsibility and its evolution will allow us to be ever closer to solving the mystery of what should be the role of private capital in society. It will also help us determine its importance when facing significant challenges due to government absence or weakness over certain territories.
Development economists and practitioners agree that close collaboration between business and government improves industrial policy, yet little research exists on how best to organize that. This book examines three necessary functions–-information exchange, authoritative allocation, and reducing rent seeking–-across experiences in Latin America.
"The report provides a preliminary assessment of DR-CAFTA, with particular attention to three key themes: (i) expected trade and non-trade benefits, (ii) actions that Central American countries need to pursue to capitalize optimally on the new opportunities, and (iii) identification of the population groups that may require assistance to adapt to a more competitive environment. The Introductory Chapter reviews the main findings of the report. Chapter II places DR-CAFTA in the historical context of the economic reforms that Central America has been undertaking since the late 1980s. Chapter III provides a summary overview of the recently negotiated DR-CAFTA. Chapter IV reviews various analyses...
Latin America and the Caribbean has been one of the regions of the world with the greatest inequality. This book explores why the region suffers from such persistent inequality, identifies how it hampers development, and suggests ways to achieve greater equity in the distribution of wealth, incomes and opportunities. The study draws on data from 20 countries based on household surveys covering 3.6 million people, and reviews extensive economic, sociological and political science studies on inequality in Latin America. Four broad areas for action by governments and civil society groups to break the destructive pattern are outlined: (1) build more open political and social institutions, that a...
The three forces of democratization, decentralization, and development have swept the world over the last decade and redrawn the maps of politics, power, and prosperity. Modern Mexico has been fully engaged in the trio, making it a rich case study. In recent years, enhanced political competition has redistributed decisionmaking across all levels of government, making the government more accountable to the average citizen. It has also given subnational governments a renewed role as economic agents. The taxation, spending, borrowing, and institutions of Mexican states and municipalities are now increasingly under the rigor of market discipline. The combined, closer scrutiny of voters and finan...
This volume discusses the challenges faced by South Asia at the dawn of the new century. It seeks to discover why, despite having an enormous potential for development, the region has lagged behind other areas of the world in its utilization of resources, and provides possible solutions to South Asia's problems.
Includes entries for maps and atlases.
Collects the papers which were presented at the Annual World Bank Conference on Development in Latin Aerica and the Caribbean that the topics were about financial system and economic development.