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Tag: Latin America


There’s No Magic Bullet, But We Have the Tools to Reduce Inequality

Blog Post

Reducing inequality is front and center of the current economic policy agenda. Multilateral institutions like the IMF and the World Bank have accepted that high inequality leads to macroeconomic instability and lowers growth and that lower inequality helps make growth sustainable in the long run.

But there is no magic bullet. Reducing inequality requires a long hard slog of building institutions for better tax and expenditure policies, improving the efficiency of redistribution, ensuring fairness, and increasing accountability. There is also no substitute for a strong state that designs effective fiscal policies and protects the interests of those who struggle to provide economic stability and security for their families, both in the developed and the developing world.

Emerging Markets Slowdown: Global and Domestic Economic Policy Challenges

Blog Post

Toward the end of the 2008 global economic crisis, the consensus was that developed economies would recover just as quickly as they did in past recessions. It was also expected that emerging market economies would continue acting as the world growth locomotive for a relatively long time. Until mid-2011, this perspective appeared to be in the process of materializing. By now, however, this scenario differs significantly from reality.

Can Brazil Stay the Course on Reducing Deforestation?

Blog Post

The results of Sunday’s runoff election in Brazil open a new chapter in the country’s fight against deforestation. Dilma Rousseff will have to overcome skepticism that she’s the right woman for the job, in light of perceptions that she privileged development at the expense of conservation during her first term as president.