Developing countries' anti-cyclical policies in a globalized world

Includes bibliography

Chile: the Chilean national investment system and projects integrated bank

Includes bibliography

Competitiveness and welfare: balancing the long and short term

Includes bibliography

An analysis of maritime transport and its costs for the Caribbean

Includes bibliography

Experiences gained from GDDS compliance in the English-speaking Caribbean

Includes bibliography

Cartera vencida y estrés macrofinanciero: un estudio econométrico para Centroamérica y la República Dominicana en 2008-2009

Incluye Bibliografía

TradeCAN: database and software for a Competitiveness Analysis of Nations: user guide

Includes bibliography

The United States and Latin America and the Caribbean: highlights of economy and trade

Document prepared on the occasion of the visit of President Barack Obama to Brazil, Chile and El Salvador in March 2011

Latin America and the Caribbean in the World Economy 2013: A sluggish postcrisis, mega trade negotiations and value chains: scope for regional action

Incluye bibliografía.

The use of census data for national development planning Focus on the 2010 population and housing census

Includes bibliography.

The economic infrastructure gap and investment in Latin America

This edition of the FAL Bulletin aims to present and encourage the use of the economic infrastructure investment database for Latin America and the Caribbean (EII-LAC-DB), built by the Infrastructure Services Unit of the Economic Commission for Latin America and the Caribbean (ECLAC). The information contained refers to the period 1980-2012, in keeping with measurements undertaken by the World Bank, ECLAC and under the cooperation agreement between ECLAC and the Development Bank of Latin America (CAF).

Capital Flows to Latin America and the Caribbean: Recent Developments

For six years, the global economy has been driven by the U.S. Federal Reserve’s policies of easy money. Liquidity has flowed from developed to developing economies, financing infrastructure and corporate investment and allowing consumers to indulge in credit-fuelled retail spending. Thus the effective ending of the Fed’s third round of asset purchases (QE3) at the end of October represents both a watershed and the beginning of a new stage in the world economy. The end of asset-purchases comes at a challenging time for emerging markets, with China’s economy slowing, the Euro zone struggling to avoid a recession and the Japanese economy already in recession. The unwinding of the U.S. monetary stimulus, while the European Central Bank and the Bank of Japan step up their monetary stimulus, has underpinned an appreciation by the U.S. dollar, in which most commodities are priced. An appreciated dollar makes dollar-denominated commodities more expensive to buyers, thereby creating pressure for sellers to lower their prices. Latin American markets ended the third quarter of 2014 under pressure from a stronger U.S. dollar. In this changing external context, there are many signs that a slowdown in Latin American and Caribbean (LAC) financial markets, particularly debt markets, which have been breaking issuance records for the past six years, may slowdown from now on. Commodity prices – including those of oil, base metals and some goods – are in a prolonged slump. The Bloomberg commodity price index, a benchmark of commodity investments, has fallen to a five-year low as China’s economy slows down, and with it the demand for commodities. Investment into the LAC region has decelerated, in large part because of a deceleration of mining investments. Latin American currencies have suffered depreciations, as current account deficits have widening for a number of countries. And LAC companies, having issued record amounts of foreign currency bonds may now struggle to service their debt. In October, credit-rating agency Moody’s downgraded the bonds of Brazil’s Petrobras to tow notches above speculative grade because of the impact of falling oil prices and the weaker real on its debt. Growth prospects look brighter in 2015 relative to 2014, but a strengthening U.S. dollar, uneven global growth and weakness in commodity prices are skewing the risk toward the downside for the 2015 forecasts across the region. The Institute of International Finance expects the strengthening of the dollar to have a divergent impact across the region, however, depending on trade and financial linkages. The Institute of International Finance, Capital Flows to Emerging Markets, October 2, 2014. A stronger dollar lifts U.S. purchasing power, supporting exports, growth and capital inflows in countries with close trade links to the U.S. economy. However, rising dollar financing costs will increase pressure on countries with weak external positions. Given the effects of falling oil prices and a stronger dollar, some companies in the region, having issued record amounts of foreign currency bonds, may now struggle to service their debts. Prospects of Fed rate hikes resulting in tighter global liquidity amid the rapid rise in the corporate external bond stock has indeed raised concerns over some companies. However, there is still a shortage of bonds at a global level and the region still enjoys good economic policy management for the most part, so LAC debt markets may continue to enjoy momentum despite occasional bursts of high volatility – even if not at the record levels of recent years.

Report of the regional workshop on microdata documentation and dissemination (IHSN Toolkit)

The Economic Commission for Latin America and the Caribbean (ECLAC) Subregional Headquarters for the Caribbean, in collaboration with the World Bank, conducted a week-long Regional Workshop on Microdata Documentation and Dissemination. The workshop, which was funded by the Partnership in Statistics for Development in the Twenty-First Century (PARIS21) and the Organization for Economic Co-operation and Development (OECD), was held at the Hilton Hotel and Conference Centre in Port of Spain, Trinidad, from 26 to 30 April 2010. The main objective of the workshop was to provide training to member States on the Microdata Management Toolkit. This toolkit was developed by International Household Surveys Networks (IHSN) to assist in the documentation, dissemination and preservation of household survey, census and microdata in accordance with international standards and best practices. The training was organized in response to numerous requests by directors of statistics in the region for the development of capacity in that area. It was specifically timed to meet the training needs of those offices ahead of the 2010 round of Population and Housing Censuses.

An assessment of social vulnerability and resilience in poverty reduction strategy papers (PRSPS/I-PRSPS) of selected Caribbean SIDS

The study undertakes a review of the Poverty Reduction Strategy Papers (PRSPs), and Interim Poverty Reduction Strategy Papers (I-PRSPs) of four selected Caribbean SIDS from the Eastern Caribbean. The countries had participated in the Poverty Reduction Strategy initiative formulated by the World Bank. The country papers reviewed were the Commonwealth of Dominica, Grenada, Saint Lucia and St. Vincent and the Grenadines. The review assesses and provides a comparative analysis of the general awareness of the notions of vulnerability and the inclusion and use of strategies that address the reduction of vulnerability and the strengthening of resilience by the countries reviewed. It also explores how vulnerability reduction strategies were applied to differing groups, as elaborated through the PRSPs.