Daily List 035

Today's highlights

Monday 20 February 2017

Economy

Beyond commodities: the growth challenge of Latin America and the Caribbean.

Latin American development forum
Corporate Author:
World Bank
Author:
Jorge Thompson Araujo

Beyond Commodities shows that Latin America and the Caribbean's growth performance over the last decade cannot be reduced to the commodity boom: growth-promoting reforms that strengthened financial development, increased trade openness and improved infrastructure development also played a significant role and can continue doing so. Based on the econometric analysis of panel data from the 1970-2010 period for 126 countries, the study shows that, while the commodity boom facilitated growth in most of the region, it did not determine it. Domestic pro-growth policies and the maintenance of a sound macro-fiscal framework played a central role in explaining the region's good performance during last decade. It also shows that new growth - such as Panama, Peru, Colombia and the Dominican Republic emerged during this period. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. Finally, with the worsening of external conditions, the authors conclude that the countries of Latin America and the Caribbean have no choice but to turn their attention to domestic drivers to keep growth going, as the structural reforms agenda remains unfinished.

  • ISBN: 9781464806582
  • 27.50

Social Issues

Left behind: chronic poverty in Latin America and the Caribbean.

Latin American development forum
Corporate Author:
World Bank
Author:
Renos Vakis, Jamele Rigolini, Leonardo Lucchetti

One out of every five Latin Americans - about 130 million people - have never known anything but poverty, subsisting on less than US$4 a day throughout their lives. These are the region's chronically poor, who have remained so despite unprecedented inroads against poverty in Latin America and the Caribbean since the turn of the century. This book takes a closer look at the region's entrenched poor, who and where they are, and how existing policies need to change to effectively assist the poor. The book shows significant variations of rates of chronic poverty across and within countries. The book posits that refinements to the existing policy toolkit - as opposed to more programs - may come a long way in helping the remaining poor. These refinements include intensifying efforts to improve coordination between different social and economic programs, which can boost the income-generation process and deal with the intergenerational transmission of chronic poverty by investing in early childhood development. In addition, there is an urgent need to adapt programs to directly address the psychological toll of chronic poverty on people's mindsets and aspirations, which currently undermines the effectiveness of existing policy efforts.

  • ISBN: 9781464806605
  • 27.50

Social Issues

Vietnam 2035: toward prosperity, creativity, equity, and democracy.

Corporate Author:
World Bank

The year 2015 marks 70 years since Vietnam's Declaration of Independence, 40 years since reunification, and just short of 30 years from the launch of Doi Moi reforms, which catapulted the nation from the ranks of the world's poorest to one of the great development success stories. Critical ingredients of success have been visionary leaders, a sense of shared societal purpose, and a focus on the future. Starting in the late 1980s, these elements were fused with the embrace of markets and the global economy, setting the nation on the path to becoming the middle-income country that it is today, raising tens of millions of people out of poverty. Energized by past success but by no means content, Vietnam now aspires, by the year 2035, to modernity, industrialization, and a higher quality of life - aspirations that stand on three major pillars: economic prosperity, balanced with environmental sustainability; equity and social inclusion; and state capacity and accountability. The Vietnam 2035 report - a joint undertaking by experts from Vietnam and the World Bank - evaluates Vietnam's possibilities and options in this endeavor.

  • ISBN: 9781464808241
  • 41.50