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The Electors
A post-apocalyptic world sees major private security companies take control of the entire planet. Police work on the sidelines. Governments lack decisionmaking power. Justice is now cruel and vindictive. In all this, Rebeca Molinari, a Cuban girl living in Antwerp, has a recurring dream. As she tries to make sense of it, strange things begin to happen around her. Critics have said: «Milán-Jerez has successfully crafted emotional tension with a well-developed plot where all the characters mesh together in a masterful way—parallel storylines with secondary characters that take centre stage.» Qué Leer
Barbados
This paper focuses on Barbados’ Third Review Under the Extended Arrangement, Requests for Augmentation of Access, and Modification of Performance Criteria. Barbados continues its strong implementation of the comprehensive Economic Recovery and Transformation plan aimed at restoring fiscal and debt sustainability and increasing reserves and growth. The ongoing global coronavirus pandemic poses a major challenge for the economy, which is heavily dependent on tourism, and is expected to have a large impact on the balance of payments and the fiscal accounts. State-owned enterprise (SOE) reform remains an essential element of Barbados’ economic program. In order to secure fiscal space for inv...
Corporate Governance Lessons from Transition Economy Reforms
Corporate Governance Lessons from Transition Economy Reforms explores a timely topic at the intersection of economics, law, and policy reform. To date, most sophisticated theoretical work on corporate governance has focused on advanced market economies. In post-socialist countries, corporate finance and transition economics scholars have often done little more than convey the received theory to transition policymakers. This volume focuses, for the first time, on the reverse concern: what, if anything, do the reform experiences of transition countries teach about corporate governance theory more generally? To investigate this question, Merritt Fox and Michael Heller have assembled a stellar g...
Eastern Caribbean Currency Union
With ECCU economies slowly emerging from the pandemic with scars, the impact of the war in Ukraine is a setback to the nascent recovery. Higher food and energy prices, amid ongoing supply disruptions and intra-regional transportation bottlenecks, are raising inflation, eroding income, lowering output growth, worsening fiscal and external positions, and threatening food and energy security. As a result, inflation is expected to hover over 51⁄2 percent in 2022. Real GDP is projected to grow by 71⁄2 percent in 2022, leaving output still well below the pre-pandemic level. Fiscal deficits are projected to remain sizable, given continued pandemic- and disaster-related spending and temporary su...
Climate Change Challenges and Opportunities in Latin America and the Caribbean
The analysis in the book suggests that LAC countries are facing substantial challenges related to climate change but have tools at their disposal to seize the opportunities that the climate change presents. To maximize opportunities and minimize the risks LAC countries will need to improve flexibility and adaptability of their economies. Policies aimed at supporting the reallocation of labor and capital across sectors, investing in basic skills and human capital, improving transparency and economic governance to encourage investment in technology and know-how, and creating fiscal space to manage the climate transition would help LAC countries position themselves to take advantage of the opportunities afforded by the climate transition.
Stalin's Music Prize
Marina Frolova-Walker's fascinating history takes a new look at musical life in Stalin's Soviet Union. The author focuses on the musicians and composers who received Stalin Prizes, awarded annually to artists whose work was thought to represent the best in Soviet culture. This revealing study sheds new light on the Communist leader's personal tastes, the lives and careers of those honored, including multiple-recipients Prokofiev and Shostakovich, and the elusive artistic concept of "Socialist Realism," offering the most comprehensive examination to date of the relationship between music and the Soviet state from 1940 through 1954.
The Horde
An epic history of the Mongols as we have never seen them—not just conquerors but also city builders, diplomats, and supple economic thinkers who constructed one of the most influential empires in history. The Mongols are widely known for one thing: conquest. In the first comprehensive history of the Horde, the western portion of the Mongol empire that arose after the death of Chinggis Khan, Marie Favereau shows that the accomplishments of the Mongols extended far beyond war. For three hundred years, the Horde was no less a force in global development than Rome had been. It left behind a profound legacy in Europe, Russia, Central Asia, and the Middle East, palpable to this day. Favereau ta...
Peru
Peru: Selected Issues
Uruguay
Uruguay showed strong resilience during the Covid-19 pandemic, owing to its high institutional quality, strong governance, and the authorities’ policy responses. Scarring effects in real activity and the labor market were mitigated somewhat by the authorities’ well-targeted responses. The authorities’ strong track record of implementing sound macroeconomic policies in a challenging environment has improved the country’s resilience to shocks. Since September 2022, the country is undergoing the most severe drought in forty years.
