The Office of the Chief Economist for the Latin America & the Caribbean (LAC) region provides LAC countries with a wide range of analytical resources to support their efforts to achieve sustainable growth.
Inequality in a Lower Growth Latin America
This semiannual report reviews the economic and financial outlook for the Latin America and the Caribbean (LAC) region at a time when growth in the region and most of the world has decelerated significantly. As usual in this series, Chapter 1 reviews the configuration of global risks and assesses the outstanding short term opportunities and challenges facing the LAC region. We document the significant slowdown in economic activity across the region, and explore the possibility of this being the 'new normal'. >> Read more >> Download the report (English) >> Download the report (Spanish) >> Presentation in Spanish >> Presentation in English
Reserve Requirements in the Brave New Macroprudential World
In the aftermath of the global financial crisis, it is hard to find any macroeconomic policy report that does not include some reference to financial stability or systematic risk and the resulting need for "macroprudential policies." While there is a large and growing literature on macroprudential policies and financial stability, less attention has been paid to how macroprudencial policies may facilitate macroeconomic stabilization in the presence of large capital flows.
Great Teachers: How to Raise Student Learning in Latin America and the Caribbean
The seven million teachers in Latin America and the Caribbean (LAC) are critical actors in the region's efforts to improve education quality and raise student learning, which trails that of students in other middle-income countries. Great Teachers: How to Raise Student Learning in Latin America and the Caribbean documents the high economic stakes around teacher quality, benchmarks the current performance of LAC's teachers, and analyzes he key issues: low standards for entry into teacher training, poor quality training that is detached from the realities of the classroom, unattractive career incentives, and weak support for teachers once they are on the job. >>Read more +Open summary (Spanish) +Open the advance edition of the full report (English)
International Flows to Latin America: Rocking the Boat?
This semiannual Report--produced by the Office of the Chief Economist for Latin America and the Caribbean (LAC) of the World Bank--reviews the economic and financial outlook for the LAC region at a time when the brisk external tailwinds of a few years ago are clearly receding. Chapter 1 reviews the configuration of global risks and assesses the outstanding short term opportunities and challenges facing the LAC region. >> Read More
Latin American Entrepreneurs: Many Firms but Little Innovation
Entrepreneurship is a fundamental driver of growth, development, and job creation. While Latin America and the Caribbean has a wealth of entrepreneurs, firms in the region, compared to those in other regions, are small in size and less likely to grow or innovate. Productivity growth has remained lackluster for decades, including during the recent commodity boom. Enhancing the creation of goods jobs and accelerating productivity growth in the region will require dynamic entrepreneurs. >> Read More
Latin America's Deceleration and the Exchange Rate Buffer
This Semiannual Report--a product of the Office of the Chief Economist for the Latin America and Caribbean Region of the World Bank--examines the short and medium-term challenges for Latin America and the Caribbean (LAC) as the external factors that were instrumental in the region's recent performance recede. In particular, we address the role of the exchange rate as a countercyclical policy tool to buffer adverse external shocks. >> Read More
Latin America and the Caribbean as Tailwinds Recede: In Search of Higher Growth
This Semiannual Report- a product of the Office of the Chief Economist for the Latin America and Caribbean (LAC) Region of the World Bank- examines in detail the most significant patterns of LAC's growth over the last decade and the challenges ahead as the global context becomes less benign for the region. Chapter 1 provides an overview of the global economy and its implications for the short and medium-term prospects of the LAC region. Chapter 2, the main body of the report, provides a detailed analysis of the general patterns of domestic demand and supply observed in LAC over the last decade. In particular we document the steady increase in LAC’s domestic demand, in particular in South America and Mexico, over the 2000s. >> Read More