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Business of the State
As the world moves towards decarbonization and the race for clean energy technologies accelerates, states in the global south are increasingly called upon to supply critical minerals to fuel the transition. Business of the State details how mineral states might design effective growth strategies in this context of strategic competition and climate emergency, via the rise of a hybrid developmental strategy during 1990s and 2010s- the embrace of market-conforming policies to attract FDI and the re-assertion of state-owned enterprises (SOEs) as players in industrial development. Drawing from the experiences of Brazil's Petrobras and Chile's Codelco, the book argues that SOEs might open new path...
Fixing State-Owned Enterprises
The situation of state-owned enterprises (SOEs) in Latin America and the Caribbean continues to be dire. This book uses an original database of SOE performance that shows that every year about one-third of such enterprises in the region report losses (up to 70 percent in some countries) and that they require between 0.3 and one percentage point of GDP in fiscal transfers to cover such losses. Countries in the region have adopted centralized agency monitoring of their SOEs, managed to reduce the fiscal burden of SOEs, shown better financial returns, and accumulated less liabilities to GDP, thus generating less fiscal risk for the government overall. Each of the chapters provides a practical w...
Off the Books
Developing countries face massive infrastructure needs, but public spending on infrastructure is inadequate, and public investment has been declining in recent years. Rising debt levels and tightening fiscal and monetary conditions are putting further pressure on the funds available for infrastructure, heightening the importance of increasing the efficiency of infrastructure spending. Off the Books: Understanding and Mitigating the Fiscal Risks of Infrastructure shows that however governments deliver infrastructure—through direct public provision, state-owned enterprises (SOEs), or public-private partnerships (PPPs), the risk of fiscal surprises is high in both good times and bad. As a res...
Regulation of State-Controlled Enterprises
This book analyses actual and potential normative (whether legislative or contractual) conflicts and complex transnational disputes related to state-controlled enterprises (SCEs) operations and how they are interwoven with the problem of foreign direct investment. Moreover, SCEs also fall within the remit of international political economy, international economics and other SCE-related fields that go beyond purely legal or regulatory matters. In this connection, research on such economic and political determinants of SCE’s operations greatly informs and supplements the state of knowledge on how to best regulate cross-border aspects of SCE’s and is also be covered in this book. The book a...
Regional Economic Outlook, October 2021, Western Hemisphere: A Long and Winding Road to Recovery
An economic recovery is underway in Latin America and the Caribbean (LAC) but the pandemic still casts shadows on much of the region. The recovery was robust in the first quarter of 2021 but lost momentum in some countries in the second quarter, reflecting the rebound in COVID-19 cases. Real GDP is projected to grow by 6.3 percent in 2021, followed by a more moderate growth of 3 percent in 2022, but would not catch up with pre-pandemic trends in the medium term as persistent weakness in labor markets raises risks of scarring. Broadly favorable external conditions, high commodity prices, and pent-up demand support short-term growth, while monetary and fiscal policy reversals work in the other...
Fiscal Risks - Sources, Disclosure, and Management
A number of member countries have expressed interest in advice regarding disclosure and management of fiscal risks (defined as the possibility of deviations of fiscal outcomes from what was expected at the time of the budget or other forecast). This paper analyzes the main sources of fiscal risks and—building on an overview of existing practices in a wide range of countries—provides practical suggestions in this area, including a possible Statement of Fiscal Risks and a set of Guidelines for Fiscal Risk Disclosure and Management.
The Caribbean on the Edge
In a time of persistent uncertainty, fragile eco-structures, the politics of "populism," and limits in institutional leadership, The Caribbean on the Edge acts as an analytical roadmap to a challenging era of globalization for the countries on the edge of history in the Caribbean, those often at a policy standstill pondering which way and how to turn. Winston Dookeran traces ideas that have evolved in development and diplomacy over the last decade to identify the path for new analytical leadership. The Caribbean on the Edge deeply engages the political issues involved in development, governance, and diplomacy. Examining various schools of thought that influence policy choices, The Caribbean on the Edge discusses new approaches and risk factors that are aligned with the current realities in the region. Above all, this book is about the development of a new mindset that will usher in a radical shift in thinking, policy, and practice in order to unlock the paralysis of a Caribbean on the edge.
Foreign Consular Offices in the United States, Spring/Summer 2007
Contains a complete and official listing of the foreign consular offices in the United States, and recognized consular officers. Designed with attention to the requirements of government agencies State tax officials, international trade organizations, chambers of commerce, and judicial authorities who have a continuing need for handy access to this type of information.
