Macroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis

Incluye Bibliografía

Changes in the distribution of income and the New Economic Model in Jamaica

Includes bibliography

Financial regulation and supervision in emerging markets: the experience of Latin America since the Tequila crisis

Includes bibliography

The impact of hurricane Ivan in the Cayman Islands

Includes bibliography

Jamaica: Report of the macro socio-economic effects of the events in western Kingston area 22 May- 7 June 2010

.--I. Background.--II. The affected population.--III. Sectoral analysis of damage and loss.--IV. The macro socio economic effect of the event.--V. Conclusions and recommendations

Belize: Macro socio-economic assessment of the damage and losses caused by tropical depression 16

Tropical Depression 16 (TD16) crept up on disparate populations in Belize over a period 8-16 October 2008. TD16 struck less than five months after the first named tropical storm of the 2008 Atlantic season, Arthur. The storm had been forecasted to dump up to 10 inches of rain over Belize and up to 15 inches in isolated areas. Arthur had devastating effects on Belize, particularly the southern regions where bridges collapsed and lives were lost. It was in the aftermath of such devastation that Belize faced TD16. The consequence of TD16 is what falls under the purview of this assessment.

Trade and investment promotion between Asia-Pacific and Latin America: present position and future prospects

Includes bibliography

Foreign investment in Mexico after economic reform

Includes bibliography

Bond markets for Latin American debt in the 1990s

Includes bibliography

Informe de la reunión de expertos sobre Panamá en el proceso de integración centroamericana

1. A lo largo de las últimas décadas, se han dado pasos de acercamiento entre Panamá y el proceso de integración centroamericana. A lo largo de este proceso, Panamá ha participado en algunas reuniones de los organismos de la integración regional, ha firmado acuerdos comerciales con sus miembros y ha analizado el cómo y cuándo ingresar al proceso de integración centroamericana. Recientemente, como consecuencia del proceso de globalización y el establecimiento de la política de regionalismo abierto en la región, las posturas de los países centroamericanos y Panamá se han acercado como nunca antes. Atendiendo a estos cambios y a lo dispuesto en el programa de trabajo regular de la Unidad de Comercio Internacional e Industria (UCII); para 2008-2009, se ha llevado a cabo un estudio sobre "Panamá y el proceso de integración centroamericana", en el que se analizan algunas áreas relevantes que podrán acercar más a Panamá y al proceso de integración centroamericana, y se identifican algunas determinantes que han facilitado un vínculo más estrecho entre Panamá y Costa Rica. 2. La Reunión de Expertos sobre “Panamá en el proceso de integración centroamericana” responde al compromiso establecido en el Plan de trabajo regular de la CEPAL para 2008-2009 para llevar a cabo una reunión de expertos relativa al tema de integración y políticas comerciales en la subregión. Las sugerencias de los expertos citados en está reunión ayudaron a elaborar la versión final del documento Panamá y el proceso de integración centroamericana”. 3. Lo que sigue de este informe tiene como objetivo principal dar cuenta de la organización, dinámica y conclusiones de este evento. Report on the Meeting of Experts on Panama in the process of Central American integration Abstract: 1. During the greater part of the past decades, Panama has begun approaching the process of Central American integration. Throughout this process, Panama has participated in several meetings with the organizations focused on regional integration, and signed several trade agreements with their members, as well as analyzed how and when to join the process of Central American integration. Recently, as a consequence of globalization and establishment of regional policies of openness in the region, the positions of the countries of Central America and Panama have become closer aligned than ever before. In response to these changes and information over the regular work program of the Unit for International Trade and Industry (UCII); for 2008-2009, a study was carried out over the subject of Panama and the process of Central American integration, in which some areas relevant to the subject Panama and the process of Central American integration were analyzed, and determinants that have facilitated a stronger link between Panama and Costa Rica were identified. 2. The meeting of experts over “ Panama and the process of Central American integration”, was in response to commitment established in the regular work plan of ECLAC for 2008-2009 to carry out a meeting experts on the matters of integration and trade policies of the subregion. The suggestions of the experts quoted from this event, helped to elaborate the final version of the report “Panama and the process of Central American integration”. 3. The main objective of this report is to provide information over the organization, dynamics and conclusions of this event.

El impacto de los desastres naturales en el desarrollo: documento metodológico básico para estudios nacionales de caso

Incluye Bibliografía

Capital flows to Latin America: third quarter 2001

Events in Argentina dominated most of the third quarter of 2001 until September 11, when the terrorist attacks against the United States prompted a sell-off of emerging markets assets, increasing uncertainty and risk aversion against a background of global economic slowdown. Emerging markets' short term prospects to tap international capital markets deteriorated significantly. In the third quarter of 2001, Latin American countries issued US$7.6 billion in bonds, following US$11.2 billion in the second quarter and US$13.2 billion in the first quarter, which had been a jump from only US$2.9 billion in the last quarter of 2000. At first, it seemed that the pace of debt issuance would slow down considerably given Argentina's troubles in July, as Argentina's bond auction at the beginning of the month was poorly received, forcing the government to shorten the maturity of the new debt and to pay rates as high as those during the Russian crisis in 1998. By August, however, emerging markets rebounded strongly on the back of a new US$8 billion IMF assistance package to Argentina, with both Mexico and Brazil successfully launching large issues. International markets displayed considerable flexibility as investors gave Mexico's US$1.5 billion 30- year bond and Brazil's JPY200 billion two-year samurai issue a warm reception. This return to capital markets was interrupted by the events of September 11, which caused debt issuance to fall sharply in September and October. Following the events of September 11, EMBI+ spreads widened above 1,000 basis points for the first time in nearly two years. According to J.P. Morgan there was a 3.7% market decline in September, which brought year-to-date returns for the EMBI+ to only 0.06%. Emerging markets debt, however, fared better than most other fixed income and equity markets in the immediate aftermath of the attacks. U.S. high-yield market suffered its worst month since August 1998, declining by 6.5%, while the S&P 500 and Nasdaq declined by 8.2% and 17%, respectively. Emerging equity markets suffered even greater declines, with losses as severe as 24% in local currency terms and 31% in U.S. dollar terms.

Toward an integrated transport policy: institutions, infrastructure and logistics - the case in Chile

This edition of the FAL Bulletin presents a summary of the major outcomes of the workshop, “Toward an integrated transport policy: institutions, infrastructure and logistics”, which was organized by the ECLAC Infrastructure Services Unit, in late 2009. The objective of the event was to analyse the various government bodies involved in the transport sector, Chile’s experience in formulating transport policy and the challenge that formulating and executing integrated policies entails.