Given Colombia’s recent economic success during years of war, what it could achieve in years of peace? Colombia’s inherited reputation for cocaine, drug-trafficking and conflict may not be entirely…
Armen Ovanessoff and Eduardo Plastino of the Accenture Institute for High Performance interview Otaviano Canuto as part of a research project on collaborative innovation. As part of the Accenture Institute…
This paper studies the existence of middle-income growth traps in a two-period overlapping generations model of economic growth with two types of labor and endogenous occupational choices. It also distinguishes between “basic” and “advanced” infrastructure, with the latter promoting design activities, and accounts for a knowledge network externality associated with product diversification. Multiple steady-state equilibria may emerge, one of them taking the form of a low-growth trap characterized by low productivity growth and a misallocation of talent—defined as a relatively low share of high-ability workers in design activities. Improved access to advanced infrastructure may help to escape from that trap. The implications of other public policies, including the protection of property rights and labor market reforms, are also discussed.
In September 2003, one of us was among the delegations of trade representatives from around the world that gathered in Cancun, Mexico, for one of the first Doha rounds…
Reuters BUSINESS NEWS NOVEMBER 29, 2015 IMF's yuan inclusion signals less risk taking in China Pete Sweeney, Krista Hughes SHANGHAI/NEW YORK (Reuters) - When the International Monetary Fund agrees on Monday to…
China’s shadow banking system thrived in the years after the global financial crisis, until reined in by regulators since 2013. Nevertheless, new forms of shadow banking are emerging.
Nicaragua is far more than just the newest and swankiest destination for world travelers. It is -and mark our words – on its way to becoming the latest success…
Small states, like the Caribbean countries, have been negatively affected by recent “de-risking” policies implemented by international banks, with particularly damaging consequences on correspondent banking relationships.
Capital Finance International, Autumn 2015 International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained…
On June 2005, upon the initiative of late Venezuelan President Hugo Chavez, the governments of Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Saint Kitts…
Developing countries seek to bypass stalled IMF and World Bank reform, risking US veto 25 SEPTEMBER 2015 Copyright New Rules for Global Finance SUMMARY Developing countries looking to bypass stalled…
Reuters INTEL SEPTEMBER 4, 2015 IMF official warms to interim deal to boost emerging markets role LONDON/WASHINGTON (Reuters) - A compromise deal on reforms to give emerging markets greater…
Otaviano Canuto - Expansão e crise na Economia Global, 03/08/2015 economiaunicamp Published on Aug 26, 2015 Otaviano Canuto é atual Diretor Executivo do FMI, ex Vice Presidente do Banco Mundial…
Many small states are known for their pristine natural environments and are either tourism or commodity based. However, despite numerous challenges emanating from their specific vulnerabilities and small size,…
Capital Finance International, summer 2015 The end of the upswing phase of the commodity price super-cycle, after its peak in 2011, has lowered economic growth prospects in most of…