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31. Latin America and the Global Economic Crisis

Publication Date:
03-2009
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
An overview of the region up to 30 January 2009 by the UN Economic Commission for Latin America and the Caribbean (cepal) argues that the larger economies have been more directly affected by the global economic crisis (because in general they are more integrated with the global markets, especially finance), but are also better equipped to respond to it. In particular, Cepal sees South America as diverging from Central America and the Caribbean, which seem to be both less resilient in terms of their economies, and more exposed to the slump in the USA. They are being driven back to aid as the last/only resort. Mexico is in a category of its own, the most exposed to the US downturn, but as a large economy and an oil exporter, better placed to withstand the downturn than its Caribbean basin neighbours.
Topic:
Economics, Globalization, and International Political Economy
Political Geography:
South America, Latin America, and Caribbean

32. Haiti: Is Economic Security Possible if Diplomats and Donors Do Their Part?

Author:
Robert Perito
Publication Date:
05-2009
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
In 2009, Haiti has been the subject of an unprecedented diplomatic initiative led by the United Nations. In rapid succession, Haiti received visits from the UN Secretary General Ban Ki-moon, the UN Security Council, former President Bill Clinton and Secretary of State Hillary Clinton and numerous senior delegations from Caribbean and South American countries. In April, Haiti was the subject of an international donors' conference hosted by the Inter-American Development Bank that reaffirmed previous commitments and pledged $324 million in new economic assistance. The visits and the donors' conference were preceded by a UN sponsored report by Oxford economist and bestselling author Paul Collier on specific steps that could help Haiti achieve economic security.
Topic:
Conflict Resolution, Diplomacy, Economics, Foreign Aid, and Financial Crisis
Political Geography:
South America, Caribbean, and Haiti

33. Institutions Versus Policies: A Tale of Two Islands

Author:
Peter Blair Henry and Conrad Miller
Publication Date:
01-2009
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both countries inherited property rights and legal institutions from their English colonial masters yet experienced starkly different growth trajectories in the aftermath of independence. From 1960 to 2002, Barbados' Gross Domestic Product (GDP) per capita grew roughly three times as fast as Jamaica's. Consequently, the income gap between Barbados and Jamaica is now almost five times larger than at the time of independence. Since their property rights and legal systems are virtually identical, recent theories of development cannot explain the divergence between Barbados and Jamaica. Differences in macroeconomic policy choices, not differences in institutions, account for the heterogeneous growth experiences of these two Caribbean nations.
Topic:
Development, Economics, International Trade and Finance, Political Economy, and Poverty
Political Geography:
Caribbean

34. Haiti 2009: Stability at Risk

Publication Date:
03-2009
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
A series of crises in 2008 have increased the potential for serious trouble in Haiti this year. The politically motivated, violent April riots against high living costs caused widespread disruption and suffering, toppled the government of Prime Minister Jacques-Édouard Alexis and forced postponement of a donor conference. In August and September, four tropical storms and hurricanes killed 800, affected nearly one million, exacerbated food shortages and pushed yet more Haitians into poverty. Extensive damage was caused to infrastructure and agriculture. The global financial crisis is making it difficult for donors to meet commitments and reducing diaspora remittances. President René Préval and Prime Minister Michèle Pierre-Louis, who took office in September 2008, need to secure the support of donors and parliament quickly for a wide-ranging stabilisation strategy or risk political instability and violence. These are major challenges in a year in which parliamentary elections will be held and constitutional reform is on the agenda.
Topic:
Conflict Resolution, Political Violence, Development, Disaster Relief, Economics, Politics, Post Colonialism, and Poverty
Political Geography:
Caribbean and Haiti

35. Colleagues for the America's Seminar with General Douglas Fraser, USAF

Author:
Col Jay Cope
Publication Date:
11-2009
Content Type:
Working Paper
Abstract:
Based on 5 busy months as commander, U.S. Southern Command, including visits to eight countries, General Douglas Fraser shared his impressions of opportunities and challenges in Central and South America and the Caribbean. He set the stage for his emphasis on cooperation by discussing geographical, economic, cultural, and military-to-military linkages between the United States and its southern neighbors, citing numerous examples of collaboration, particularly among the armed forces.
Topic:
Conflict Prevention, Economics, Regional Cooperation, and Counterinsurgency
Political Geography:
United States, America, Latin America, and Caribbean

36. Growth Oriented Macroeconomic Policies for Small Islands Economies: Lessons from Singapore

Author:
Anis Chowdhury
Publication Date:
04-2008
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Most small island economies or 'microstates' have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a few small island economies have succeeded in generating sustained rapid growth and reducing poverty, most have dismal growth performance, resulting in high unemployment and poverty. Although macroeconomic policies play an important role in growth and poverty reduction, there has been very little work on the issue for small island economies or microstates. Most work follows the conventional framework and finds no or very little effectiveness of macroeconomic policies in stabilization. They also concentrate on short-run macroeconomic management with a focus almost entirely on either price stability or external balance. The presumption is that price stability and external balance are prerequisite for sustained rapid growth. This paper aims to provide a critical survey of the extant literature on macroeconomic policies for small island economies in light of the available evidence on their growth performance. Given the high output volatility and its impact on poverty, this paper will argue for a balance between price and output stabilization goals of macroeconomic policy mix. Drawing on the highly successful experience of Singapore, it will also outline a framework for growth promoting, pro-poor macroeconomic policies for small island economies/microstates.
Topic:
Development, Economics, and Government
Political Geography:
Asia, Australia/Pacific, Caribbean, and Singapore

37. U.S.-Latin America Relations: A New Direction for a New Reality

Publication Date:
05-2008
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
This Task Force report takes stock of the current situation in Latin America and the main challenges and opportunities for U.S.-Latin America relations. Latin America has benefited greatly in recent years from democratic opening, stable economic policies, and increasing growth. Many countries are taking advantage of these developments to consolidate democratic institutions, broaden economic opportunities, and better serve their citizens. Yet Latin American nations face daunting challenges as they integrate into global markets and work to strengthen historically weak state institutions. These challenges increasingly matter for the United States, as deepening economic and social ties link U.S. well-being to the region's stability and development.
Topic:
Foreign Policy, Diplomacy, Economics, and Poverty
Political Geography:
United States, South America, Latin America, and Caribbean

38. The US and Latin America: Repairing a Damaged Relationship

Author:
Peter Hakim
Publication Date:
01-2008
Content Type:
Journal Article
Journal:
The Journal of Diplomacy and International Relations
Institution:
School of Diplomacy and International Relations, Seton Hall University
Abstract:
Repairing the US relationship with Latin America will be a formidable challenge for the United States, regardless of who is elected president next year. Trust and credibility have to be restored among the region's leaders and ordinary citizens. The anti-Americanism that has taken hold in the region has to be reversed while the practice of political and economic cooperation has to be restored; however, the prospects for success do not depend only on Washington. The governments of Latin America and the Caribbean will also have to do their share to rebuild cooperation in the Americas, despite having lost confidence in the US as a reliable partner.
Topic:
Economics
Political Geography:
Washington, Latin America, and Caribbean

39. Why Foreign Aid to Haiti Failed: (and How to Do It Better Next Time)

Author:
Terry F. Buss and Adam Gardner
Publication Date:
02-2006
Content Type:
Working Paper
Institution:
The National Academy of Public Administration
Abstract:
Haiti—an island [shared with the Dominican Republic] country of 8 million people about the size of Maryland just 600 miles off the coast of Florida—is an extreme case: it has received billions in foreign assistance, yet persists as one of the poorest and worst governed countries. Haiti is strategically important to the United States because of its location; perpetual state of violence and instability affecting the region; support for drug trafficking; potential as a trading partner; strong ties to a large Haitian-American diaspora; counterbalance to Communist Cuba; and relationship with the Latin American and Caribbean community.
Topic:
Economics, Poverty, Bilateral Relations, Foreign Aid, and Governance
Political Geography:
United States, Cuba, Latin America, Caribbean, and Florida

40. The Role of Perceived Opportunity in Fertility Choice: Evidence from Latin America

Author:
Louise C. Keely and Margaret MacLeod
Publication Date:
06-2004
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
We hypothesize that the perceived returns to human capital and to income uncertainty are important determinants of recent cross-sectional variation in Latin American fertility. An empirical study of cross-country individual level data supports the hypothesis. In particular, we find that a higher perceived return to human capital and higher income uncertainty both lead to higher fertility, all else equal. We interpret the evidence to suggest that increasing economic opportunity in Latin America should be accompanied by institutions that provide social protection in order to promote further decreases in fertility toward the replacement rate.
Topic:
Economics, Gender Issues, and Human Welfare
Political Geography:
South America, Latin America, Central America, and Caribbean