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Author: Mr.Marco Pinon
Publisher: International Monetary Fund
ISBN: 1616353783
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision.
Author: Sebastián Auguste
Publisher:
ISBN: 9781597822060
Category :
Languages : en
Pages :
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Book Description
Author: Mr.Marco Pinon
Publisher: International Monetary Fund
ISBN: 1616353783
Category : Business & Economics
Languages : en
Pages : 280
Get Book Here
Book Description
Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision.
Author: Marco Solera
Publisher: Inter-American Development Bank
ISBN: 1597822515
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
Social spending is a powerful tool to reduce poverty, achieve higher equality and better life conditions for the inhabitants of a country. In "Social Expenditure in Central America, Panama and the Dominican Republic: 2007-2013", a characterization of the different variables that have taken social expenditure to its current position is performed. During the economic crisis period, many governments of the region confront this situation with an increase in social expenditures. However, part of the increase was centered on inflexible items, particularly wages, which facilitated the increase in fiscal deficits and, consequently, on public debt. Thus, after the financial crisis, the fiscal situation has reduced governments' buffers to respond to economic shocks, which imply that we need to examine the fiscal policy given its rigidity, the scarcity of public resources and the institutional contract. The study of wage bill increases provides more information related to the causes of this dynamic, and allow us to offer recommendations to improve spending management without threatening public finances. A better use of resources could contribute to define a more efficient and equitable agenda for the countries in the region. Finally, something that was not deeply explored, as of today, is the institutional complexity and how this could facilitate, or hinder, the government's ability to express its fiscal policy, including the effectiveness in the use of public resources.
Author: Russell Crandall
Publisher: Rowman & Littlefield
ISBN: 9780742550483
Category : History
Languages : en
Pages : 276
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Book Description
In this balanced and thought-provoking study, Russell Crandall examines the American decision to intervene militarily in three key episodes in American foreign policy: the Dominican Republic, Grenada, and Panama. Drawing upon previously classified intelligence sources and interviews with policymakers, Crandall analyzes the complex deliberations and motives behind each intervention and shows how the decision to intervene was driven by a perceived threat to American national security. By bringing together three important cases, Gunboat Democracy makes it possible to interpret and compare these examples and study the political systems left in the wake of intervention. Particularly salient in today's foreign policy arena, this work holds important lessons for questions of regime change and democracy by force.
Author: Lou Hernández
Publisher: McFarland
ISBN: 0786489367
Category : Sports & Recreation
Languages : en
Pages : 414
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Book Description
Major League Baseball today would be unrecognizable without the large number of Latin American players and managers filling its ranks. Their strong influence on the sport can trace its beginnings to professional leagues established south of the border and in the Caribbean nations in the 1940s. This narrative history of Latin American baseball leagues during the 1940s and 1950s provides an in-depth, year-by-year chronicle of seasonal leagues in the seven primary baseball-playing areas in the region: Mexico, Nicaragua, Panama, Venezuela, Cuba, the Dominican Republic, and Puerto Rico. The success of these leagues, and their often acrimonious competition with U.S. Organized Baseball, eventually ushered in a new era of contract concessions from owners and general labor advancements for players that forever changed the game.
Author: Thomas M. Leonard
Publisher: University of Georgia Press
ISBN: 9780820313207
Category : Political Science
Languages : en
Pages : 276
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Book Description
In this study, Thomas Leonard examines the history of relations between the United States and the countries of Central America. Placing those relations in their political, cultural, and economic contexts, he illuminates the role of such factors as the Clayton-Bulwer Treaty of 1850, William Walker's invasions of Nicaragua, Theodore Roosevelt's corollary to the Monroe Doctrine in 1904, the "Dollar Diplomacy" of the 1910s, and Ronald Reagan's support of the contra war. Central America and the United States is the fourth volume in The United States and the Americas, a series of books assessing relations between the United States and its neighbors to the south and north: Mexico, Central America, Cuba, the Dominican Republic, Haiti, Panama, Colombia, Venezuela, the Andean Republics (Peru, Ecuador, and Bolivia), Brazil, Uruguay and Paraguay, Argentina, Chile, and Canada. Lester D. Langley is the general editor of the series.
Author: Theodore Roosevelt
Publisher:
ISBN: 9780543693020
Category :
Languages : en
Pages : 36
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Book Description
This Elibron Classics title is a reprint of the original edition published by the Government Printing Office in Washington, 1903.
Author: Ms.Kimberly Beaton
Publisher: International Monetary Fund
ISBN: 1484370287
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region’s growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development).
Author:
Publisher:
ISBN:
Category : Organized crime
Languages : en
Pages : 86
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Book Description
This report is one of several studies conducted by UNODC on organized crime threats around the world. These studies describe what is known about the mechanics of contraband trafficking - the what, who, how, and how much of illicit flows - and discuss their potential impact on governance and development. Their primary role is diagnostic, but they also explore the implications of these findings for policy. Publisher's note.
Author: Stephanie Medina Cas
Publisher: International Monetary Fund
ISBN: 1475510845
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other regional integration initiatives in recent years, but this paper finds that their exports remain below the norm for countries of their size. Several indexes of outward orientation are constructed and suggest that the breadth of geographic trading relationships, depth of integration into global production chains, and degree of technological sophistication of exports in CAPDR are less conducive to higher exports and growth than in fast-growing, export-oriented economies. To boost exports and growth, CAPDR should implement policies to facilitate economic integration, particularly building a customs union, harmonizing trade rules, improving logistics and infrastructure, and enhancing regional cordination.
