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Latin America faces old and new development challenges. While, over the last two decades, some countries have implemented solid macroeconomic policies and many have improved their financial regulatory and supervisory frameworks, large segments of the population have not reaped the benefits from economic growth. The COVID-19 crisis has only made things worse—poverty reduction is expected to suffer a setback of more than 10 years and inequality continues to rise.
Structural problems, including very low productivity, the substantial size of the informal economy and the lowest savings rate in the emerging world, remain unsolved. Novel issues, like the migration from Venezuela, or the health and economic challenges that COVID-19 brings about add further pressure to weak social and political consensus—and the looming risk of a financial crisis persists.
CGD’s Latin America Initiative provides sound analysis on these issues and advances recommendations to policymakers and multilateral organizations to support the effort of overcoming these challenges to climb the development ladder and reach shared prosperity.
América Latina afronta, al mismo tiempo, nuevos y viejos desafíos en materia de desarrollo. Aunque, en las últimas dos décadas, algunos países han implementado políticas macroeconómicas sólidas y han mejorado sus marcos regulatorios y de supervisión, amplios segmentos de la población no se han beneficiado del crecimiento económico. La crisis de la COVID-19 solo ha empeorado las cosas: se espera un retroceso de más de 10 años en materia de reducción de la pobreza y la desigualdad continúa aumentando.
Problemas estructurales, como la muy baja productividad, el gran tamaño de la economía informal y los niveles de ahorro más bajos en el mundo emergente, continúan sin resolverse. Nuevos temas, como la migración venezolana o los desafíos sanitarios y económicos generados por la COVID-19, ejercen aun mayor presión sobre un débil consenso social y político. Además, continúa existiendo la amenaza de una crisis financiera.
La Iniciativa Latinoamericana de CGD busca analizar estos temas y proponer recomendaciones que apoyen los esfuerzos de los formuladores de políticas y los organismos multilaterales para avanzar en el proceso de desarrollo de la región y lograr una prosperidad compartida.
A rise in protectionism and increased external uncertainty may compound already existing domestic weaknesses. Latin America cannot run the risk of being unprepared for the significant potential direct and indirect effects of such a menace to its exports, capital inflows and growth.
The collapse of the Doha trade talks puts at risk one of the rich world's most important commitments to developing countries: to reform policies that make it harder for poor countries to participate in global commerce. Trade has the potential to be a significant force for reducing global poverty by spurring economic growth, creating jobs, reducing prices and helping countries acquire new technologies. Global Trade and Development, a Center for Global Development Rich World, Poor World brief, explains how the U.S. engages in global trade and how trade affects development and global poverty. Learn more about Rich World, Poor World: A Guide to Global Development
This Brief is based on the CGD book Millions Saved: Proven Successes in Global Health. The book book features 17 success stories. These cases describe some large-scale efforts to improve health in developing countries that have succeeded - saving millions of lives and preserving the livelihoods and social fabric of entire communities.
This paper studies the relationship between violence in the Northern Triangle and child migration to the United States. It finds that one additional homicide per year in the region, sustained over the six-year period of study—that is, a cumulative total of six additional homicides—caused a cumulative total of 3.7 additional unaccompanied child apprehensions in the United States. The explanatory power of short-term increases in violence is roughly equal to the explanatory power of long-term economic characteristics like average income and poverty.
This report examines the impact of the REDD+ agreement between Guyana and Norway on indigenous communities in the country. It aims to understand the concerns, hopes, and fears of indigenous communities at the start of the agreement, and the effects, if any, that communities have faced from REDD+.