Price-based capital account regulations: the Colombian experience

Includes bibliography

Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America

Includes bibliography

Euro and the financial relations between Latin America and Europe: medium- and long-term implications

Includes bibliography

Expenditures, investment and financing for sustainable development in Brazil

Includes bibliography

Two stops in today's new global geographies: shaping novel labor supplies and employment regimes

Includes bibliography

The urban female labour market in Latin America: the myth and the reality

Includes bibliography

Tax reforms and fiscal stabilization in Latin American countries

Includes bibliography

Indexes of structural reform in Latin America

Includes bibliography

International capital flows to Latin America

Includes bibliography

Social dimensions of macroeconomic policy: report of the Executive Committee on Economic and Social Affairs of the United Nations

Introduction The social agenda is long-term in nature, in the sense that poverty alleviation along with a better distribution of income, wealth and opportunities are long-term goals. A sound macroeconomic policy, on the other hand, has to do largely with the consistent management of short-term policy instruments pursuing a sustainable and predictable pace for aggregate economic variables and major prices (wages, inflation, interest rates and exchange rates). In spite of the different arena and rationale in which they play, there are strong links between the two. First and most obvious, macroeconomic adjustment and structural reform are more likely to be sustainable when they are equitable. Second, social intervention —i.e., policies, programmes and reforms aimed at improving social performance in the long run—, needs stable funding which is not always available in view of macroeconomic constraints. Third, macroeconomic instability —especially episodes of recession or hyperinflation— increases poverty and inequality, while restoring macroeconomic equilibrium does not restore previous social balances. Finally, there is no unique macroeconomic policy mix to tackle a given situation, and the policy options may not be neutral from a social standpoint. Monetary, fiscal and exchange rate policies, together with structural reform, have major consequences for the social wellbeing of societies, not only in terms of protection against shocks and crises but also in terms of equity. Many, if not all, of the necessary social policies are of a domestic nature. This report thus concentrates on domestic strategies aimed at maximizing the linkages between consistent macroeconomic policies and social progress. Pursuing them, however, depends to a considerable extent on the international enabling environment in which the global financial system, the unsettled debt crisis and increasing ODA flows play a significant role. Countries operate in a world economy where market players everywhere immediately scrutinize domestic monetary, financial or fiscal policy decisions and the performance of exchange rate regimes of individual countries. Under these conditions, the room for manoeuvre of policymakers has become considerably constrained. Consequently, it is becoming increasingly complex to incorporate the social dimensions into such policy decisions, to the extent that external analysts consider that authorities are sacrificing sound macroeconomic policies. The main message of the report is that the expediency of short-term economic efficiency as embedded in much of the advice on macroeconomic stability needs to be tempered by long-term development objectives. The report starts with a short historical background which describes the ascendancy of macroeconomic policies over social development policies (chapter I). It continues with an evaluation of the relation between macroeconomic consistency and social effort (chapter II), and the importance of sustainable and stable growth for social progress (chapter III). The report then turns to the need for an equity-enhancing growth strategy (chapter IV) and an analysis of the priorities of social policies in an integrated approach to growth (chapter V). The final chapter adds some final institutional remarks.

Música como aia da vontade: ensaio sobre a leitura wagneriana de Schopenhauer

In the year 1851, Richard Wagner had his first contact with the philosophy of Schopenhauer, a fact that was followed soon by his proclaimed and somewhat surprising conversion to schopenhauerianism. Tweny years later, his debt to Schopenhauer is reaffirmed in Beethoven, a comemorative writing in which are to be found the outlines of a philosophy of music - claimed by the composer to be based on Schopenhauer's aesthetics - that had great influence in Nietzsche's theoretical elaboration of the dionysiac, as it appears in The birth of Tragedy. My work aims primarily at investigating to what extent the musical aesthetics outlined in Beethoven is actually compatible with that presented in The world as Will and representation. The pointing out of remarkable differences between the two aesthetic conceptions gives then rise to some reflexions concerning the character of the relations between Wagner, Schopenhauer and the young Nietzsche.

Capital-account and counter-cyclical prudential regulations in developing countries

Includes bibliography

Growth crises and strategic turnarounds

Includes bibliography

Public policies and the competitiveness of agricultural exports

Includes bibliography

Fiscal adjustment and social spending

Includes bibliography