Balance of payments dominance: its implications for macroeconomic policy

This paper defines “balance of payments dominance” as a macroeconomic regime in which the short-term macroeconomic dynamics is essentially determined by external shocks, positive or negative. It argues that this is the predominant regime in emerging and developing countries. Trade shocks play an important role but the major procyclical shocks are associated with boom-bust cycles in external financing. Policy challenges are associated not only with the management of such shocks but also with the need to enhance the space for countercyclical macroeconomic policies, as boom-bust cycles tend to pressure macroeconomic policies to behave in a procyclical way. Under these conditions, the best bet is to design policies to reduce external vulnerabilities through a mix of administered exchange rate policies, very active foreign exchange reserve management, reduced reliance on external borrowing, and macroprudential regulations, including those directly affecting capital flows. Countercyclical fiscal policy can also play a role but face strong economic and political economy challenges.

Characterization of S3Pvac Anti-Cysticercosis Vaccine Components: Implications for the Development of an Anti-Cestodiasis Vaccine

Background: Cysticercosis and hydatidosis seriously affect human health and are responsible for considerable economic loss in animal husbandry in non-developed and developed countries. S3Pvac and EG95 are the only field trial-tested vaccine candidates against cysticercosis and hydatidosis, respectively. S3Pvac is composed of three peptides (KETc1, GK1 and KETc12), originally identified in a Taenia crassiceps cDNA library. S3Pvac synthetically and recombinantly expressed is effective against experimentally and naturally acquired cysticercosis.Methodology/ Principal Findings: In this study, the homologous sequences of two of the S3Pvac peptides, GK1 and KETc1, were identified and further characterized in Taenia crassiceps WFU, Taenia solium, Taenia saginata, Echinococcus granulosus and Echinococcus multilocularis. Comparisons of the nucleotide and amino acid sequences coding for KETc1 and GK1 revealed significant homologies in these species. The predicted secondary structure of GK1 is almost identical between the species, while some differences were observed in the C terminal region of KETc1 according to 3D modeling. A KETc1 variant with a deletion of three C-terminal amino acids protected to the same extent against experimental murine cysticercosis as the entire peptide. on the contrary, immunization with the truncated GK1 failed to induce protection. Immunolocalization studies revealed the non stage-specificity of the two S3Pvac epitopes and their persistence in the larval tegument of all species and in Taenia adult tapeworms.Conclusions/ Significance: These results indicate that GK1 and KETc1 may be considered candidates to be included in the formulation of a multivalent and multistage vaccine against these cestodiases because of their enhancing effects on other available vaccine candidates.

Legitimacy and context: Implications for public sector reform in developing countries

This article examines the interplay between legitimacy and context as key determinants of public sector reform outcomes. Despite the importance of variables Such as legitimacy of public institutions, levels of civic morality and socio-economic realities, reform strategies often fail to take such contextual factors into account. The article examines, first, relevant literature both conceptual and empirical, including data from the World Values Survey project. It is argued that developing countries have distinctive characteristics which require particular reform strategies. The data analysed shows that in Latin American countries, there is no clear Correlation between confidence in public institutions and civic morality. Other empirical studies show that unemployment has a negative impact on the level of civic morality, while inequality engenders corruption. This suggests that poorer and socio-economically stratified countries face greater reform challenges owing to the lack of legitimacy of public institutions. The article concludes that reforms should focus on areas of governance that impact on poverty. This will in turn help produce more stable outcomes. Copyright (C) 2008 John Wiley & Sons, Ltd.

Parasitism of Greenbugs (Homoptera: Aphididae) by Lysiphlebus testaceipes (Hymenoptera: Braconidae) in Grain Sorghum: Implications for Augmentative Biological Control

Field cage studies were conducted to describe the relationship between the percentage of Lysiphlebus testaceipes (Cresson) parasitism (as measured by aphid mummies) and densities of greenbug, Schizaphis graminum Rondani, on grain sorghum, Sorghum bicolor L. In 1993 and 1994, a biotype E-susceptible grain sorghum hybrid was grown in field cages and L. testaceipes adults were released after each plant was infested with 20 biotype E greenbugs. The release rates were 0, 0.5, 1.0, and 2.0 wasps per plant in 1993, and 0, 0.16, 0.33, and 0.5 wasps per plant in 1994. Greenbugs and mummies were counted 1-2 times a week on all leaves of 2-4 randomly selected plants per cage. A release rate of 0.33-0.5 wasps per plant infested with 20 greenbugs maximized the number of mummies produced and prevented the greenbugs from reaching an economic threshold of 1,000 greenbugs per plant. Peak numbers of mummies occurred ≈400-500 DD (10°C base) after the initial wasp release. Regression analyses showed that the greenbug population started decreasing when the percentage of parasitism (as measured by mummies) reached 20-30 %. Greenbugs in the absence of wasps significantly reduced yield in 1994, but not in 1993.

Economic Survey of Latin America and the Caribbean 2004-2005

Includes bibliography

Economic Survey of Latin America and the Caribbean 2007-2008: Macroeconomic policy and volatility

Includes bibliography

Economic Survey of Latin America and the Caribbean 2008-2009: Policies for creating quality jobs

Includes bibliography

Economic Survey of Latin America and the Caribbean 2010-2011: Internacional integration and macroeconomic policy challenges amid global economic turmoil

Includes bibliography

The international financial crisis and its implications for Latin America and the Carribbean

Includes Bibliography

Globalization of financial markets: implications for the Caribbean

Includes bibliography

E-commerce environment and trade promotion for Latin America: policy implications from East Asian and advanced economies' experiences

Includes bibliography

Export promotion policies in CARICOM: main issues, effects and implications

Includes bibliography

Towards a theory of the small firm: theoretical aspects and some policy implications

Includes bibliography

Social dimensions of economic development and productivity: inequality and social performance

Includes bibliography

The millennium development goals: strategic implications for the Latin American and Caribbean statistical systems

Includes bibliography