Tag Archives: Latin America

The back story.  Similar in Brazil and other Latin American countries. In Brazil the Carnival queen was deposed for being too black.Defend DemocracyVenezuela’s long history of racism is coming back to haunt it Hazel Marsh

 The Economic Commission for Latin America and the Caribbean´s (ECLAC) Economic Survey of Latin America and the Caribbean (“Dynamics of the current economic cycle and policy challenges for boosting investment and growth”) for 2016-2017 was published last Thursday (3 of August). It incorporates a number of heterodox concepts and ideas mainly in Part II. These include the notion of center and periphery (which provides the framework for Chapter III “The region’s current economic cycle and...

Esteban Pérez Caldentey will be talking about the topic in the next conference of the central bank of Bolivia. Program, that includes also Luis Bértola speaking on heterodox (presumably the unconventional, but not heterodox as in not mainstream inspired) monetary policy, is available here.

Ahead of upcoming elections, a call for austerity and economic policies structured for the elites to be left in the nation's pastby Ha-Joon Chang, James K. GalbraithOver the past ten years, Ecuador has achieved major economic and social advances. We are concerned that many of these important gains in poverty reduction, wage growth, reduced inequality, and greater social inclusion could be eroded by a return to of the policies of austerity and neoliberalism that prevailed in Ecuador from the...

[embedded content] Video of the talk at Keene State College on March 20th, 2017.

[embedded content] EPS Symposium: Policy Challenges for the New US President: Global Security: Russia, China, Europe and Latin America from Thea Harvey on Vimeo.

New paper by Carlos Medeiros, with Nicholas Trebat, at the Centro Sraffa (h/t Alejandro Fiorito, and Revista Circus). From the abstract: This paper discusses the connections established in recent non–neoclassical literature between growth, structural change and income distribution in large developing economies. We argue that though many analyses have the merit of reintroducing income distribution as a factor in economic growth, they rely almost exclusively on macroeconomic theory, and thus...

Teaching Latin American Economic Development. Asked students to match the list of countries below with the graph representing GDP per capita in 2016 (source here). List of countries: Argentina, Brazil, Chile, China, Congo, India, Mexico, Norway, Saudi Arabia, and the US. The point I always try to make is that Latin American economies are (most of them) middle income countries, all the ones in the sample with higher GDP per capita than China. That's often a surprise for many students,...

By Naked Keynes (Guest Blogger)The policy of quantitative easing (QE) pursued by the Federal Reserve following the fall of Lehman Brothers in September 2008 meant to lower long-term interest rates in the United States and boost expenditure had major effects on developing economies including in those of Latin America. As it is well know QE did not increase liquidity. The liquidity with which the Federal Reserve bought financial assets ended as excess reserves at the Federal Reserve balance...

By Naked Keynes (Guest Blogger)The latest IMF World Economic Outlook (April 2016) projects stagnation in World Growth (3.1% and 3.2% in 2015 and 2016) both in advanced economies (4.0% and 4.1% in 2015 and 2016) and emerging market and developing economies (1.9% and 1.9% for 2015 and 2016). The prospects for 2017 are hardly any better with an estimate of 3.5% for global output and continuing stagnation of advanced economies. But things could get worse.The current outlook scenario depends on...