How Can Brazil Restore Its Growth Trajectory?

How Can Brazil Restore Its Growth Trajectory?

photo: PortoBay Hotels & Resorts Only a few years ago, Brazil exemplified the BRIC dream of rapid growth. Now it is coping with its longest recession, loss of confidence,possibly a lost decade. Dan Steinbock explains what happened, and how and when Brazil could restore to its growth. In summer 2016, Rio de Janeiro shall host South America’s first-ever Olympic […]

Venezuela Raises Fuel Prices By More Than 6,000 Percent

Venezuela Raises Fuel Prices By More Than 6,000 Percent

photo: Javier Ignacio Acuña Ditzel In a televised-address on February 17, Venezuelan President Nicolas Maduro delivered some crushing news to his country. To address the fiscal crisis facing the country, the government decided to raisefuel prices by more than 6,000 percent. While that may sound dramatic, it will still leave Venezuela with some of the cheapest fuel […]

Productivity and Financial Inclusion: A Response to the Economic Slowdown

Productivity and Financial Inclusion: A Response to the Economic Slowdown

photo: Mckay Savage  How are financial inclusion and productivity linked? And why are these two pieces of the puzzle important for the economic development of Latin America and the Caribbean? Insufficient growth in productivity has been identified as a key factor in the relative backwardness of the economy of Latin America and the Caribbean compared with […]

The Uncertain Prospects of Hasty and Premature Criticisms of Argentina’s Economic Policies

The Uncertain Prospects of Hasty and Premature Criticisms of Argentina’s Economic Policies

photo: Taylor White Nobel Prize economist Joseph Stiglitz and coauthor Martin Guzman (from now SG) had just written a piece on Argentina, entitled “Argentina’s Uncertain Prospects” focusing on the early economic policies and potential scenarios for the government of the newly elected President Mauricio Macri. In my opinion, the article paints an excessively gloomy picture of […]

Green Microfinance: A Tool for Sustainable Business and Climate Action

Green Microfinance: A Tool for Sustainable Business and Climate Action

Silvia Fernández, a young widow, was not interested at first in a new energy-efficient refrigerator for her business, a bodega on a busy street of a poor neighborhood in Guadalajara, Mexico. She didn’t know what energy efficiency meant, but when she was told it would lower her electricity bill, she changed her mind. She worked […]

New Funding Source for Social Innovation: The ‘Crowd’

New Funding Source for Social Innovation: The ‘Crowd’

In the journey from a revolutionary idea, to a start-up business, to an expanding business, it’s difficult for entrepreneurs and small and medium-sized enterprises to access the finance they need through the traditional channels of private capital markets. A new way to address this gap is crowdfunding—an innovative tool that enables entrepreneurs or enterprises in […]

Whither Emerging Markets Foreign Exchange Reserves

Whither Emerging Markets Foreign Exchange Reserves

After a exponential rise in foreign exchange reserves accumulation by emerging markets from 2000 onwards, the tide seems to have turned south since mid-2014. Changes in capital flows and commodity prices have been major factors behind the inflection, with the new direction expected to remain, given the context of the global economy going forward. Although […]

A New Day in Colombia

A New Day in Colombia

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 undeserved. But in recent years, a new reputation has emerged – one of a serious, safer country with dynamic growth opportunities. Colombia has averaged 4.6 percent […]

Corporate ‘Venturing’ Is Producing Tangible Social Impacts

Corporate ‘Venturing’ Is Producing Tangible Social Impacts

Companies are beginning to understand that they are uniquely positioned to scale up proven solutions to social and environmental problems, and that they have a role in addressing the challenges associated with poverty. The private sector played a key role in developing the recently launched Sustainable Development Goals (SDGs), and companies are working to align their […]