Risks associated with climate change will inevitably increase costs for many sectors, particularly those dependent on fossil fuels. But new standards for transparency of exposure to climate risk can help smooth the transition. Development banks like Mexico’s NAFIN can lead the way by integrating climate-change targets into their governance, strategies, and structures, writes Marisol Rentería Bravo (Nacional Financiera).
Mexican workers are paid less and work more than their counterparts in the rest of the OECD, and the situation has only been getting worse. By broaching reform Mexico’s new president Andrés Manuel López Obrador has taken a step in the right direction, but he inherits a labour market plagued by informality, precarity, and lack of union representation, whereas automation poses a serious threat in the longer […]
The G20 in Argentina needs to address its own failings as well as the many problems facing the global economy
Argentina’s laudable attempts to raise issues vital to Latin America and the wider developing world are likely to fall on deaf ears. But, if the G20 is going to stop drifting from summit to summit and get to grips with genuinely global challenges, it needs to establish a modest but permanent secretariat and appoint an influential secretary-general, writes Tony Payne (SPERI) in this special […]
Growing national income in Latin America and the Caribbean is feeding demands for more and better government services. But after raising expenditure during the years of the commodity boom, many governments now face less favourable external conditions and need to adjust. These external headwinds mean there is more pressure to look for domestic sources of growth. As LSE prepares to host the 2018 Annual […]
Carbon pricing offers development banks like Mexico’s NAFIN a way to encourage organisations to reduce emissions through adoption of improved technologies and practices. But these positive effects could be further reinforced by encouraging companies to adopt shadow prices, writes Cesar Espinosa García (Nacional Financiera).
López Obrador y su equipo multidisciplinario proponen políticas económicas y sociales inclusivas que buscan reactivar la inversión y mejorar la competitividad y la equidad. Pero también explican cómo estas políticas se financiarán a través de reducciones en costos operativos y medidas anticorrupción, escribe Graciana del Castillo (CUNY).
López Obrador and his multidisciplinary team propose inclusive economic and social policies that aim to reactivate investment and make the Mexican economy more competitive and equitable. Crucially, he also explains how such policies will be financed through reductions in operational costs and in corruption, writes Graciana del Castillo (City University of New York).
Rising trends in GDP per capita are often interpreted as reflecting rising levels of general wellbeing. But GDP per capita is at best a crude proxy for wellbeing, neglecting important qualitative dimensions. This column explores the long-term trends in global wellbeing inequality using a new dataset. Inequality indices reflecting various aspects of wellbeing are shown to have been declining since […]