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Does the Investment Climate Matter?

by Pablo Fajnzylber J. Humberto Lopez Jose Luis Guasch

Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic stability with an increased emphasis on microeconomic reforms. By providing empirical evidence linking actual firm performance to shortcomings in Latin America's investment climate, the book discusses policies that could have a significant impact on firm productivity by improving the environment in which firms invest and operate.

Low-Carbon Development: Latin American Responses to Climate Change

by John Nash Augusto De la Torre Pablo Fajnzylber

This book, the companion volume to 'Low Carbon, High Growth: Latin American Responses to Climate Change', examines some of the major threats posed by climate change to the region's economies, societies, and biodiversity. It describes the patterns of greenhouse gas emissions in the Latin America and Caribbean region and in specific countries, finding that the future trajectory could be increases in emissions relative to other regions. 'Low-Carbon Development' explains why it is in the region's best interest to participate actively in global efforts to reduce emissions and what type of global climate change architecture could allow the countries to make their most effective contributions. Finally, the book lays out an agenda for domestic policies and investments to help the countries adapt to climate change while reducing their emissions profiles. It will be useful to policy makers, civil society organizations, and researchers working in climate change.

Remittances and Development

by Pablo Fajnzylber J. Humberto Lopez

The editors (senior economists at the Office of the Chief Economist for the Latin America and the Caribbean Region, World Bank) present ten papers that analyze cross-country panel data and household surveys for 11 Latin American countries in order to assess the economic effects of worker remittance flows for development. Separately, the collections papers discuss patterns and determinants of migration and remittances, remittances and poverty levels, remittances and household behavior, remittances and recipient countries' financial development, the impact of public transfers on remittances, remittances and real exchange rates, remittance flows and system security, and the role of complementary policies for remittances and growth. Annotation ©2008 Book News, Inc. , Portland, OR (booknews. com)

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