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2. Sustaining Social Safety Nets: Critical for Economic Recovery
- Author:
- Alejandro Foxley
- Publication Date:
- 03-2010
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The current global financial shock will be followed by a long period of abnormally high unemployment, and by severe pressure to reduce government expenditures, once the fiscal stimulus runs its course. As a consequence, the coverage and quality of basic social services—from unemployment insurance to health care and social security—may suffer. At the same time, the recession is reducing household income, and thus many households that cannot afford privately provided services will face increasing difficulties in accessing underfunded public services. Significant segments of the middle class might slide back into poverty.
- Topic:
- Economics, Human Welfare, Labor Issues, and Financial Crisis
3. Recovery: The Global Financial Crisis and Middle-Income Countries
- Author:
- Alejandro Foxley
- Publication Date:
- 07-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- No country has proved immune to the devastating effects of the current global financial crisis. But the middle-income countries of Eastern Europe, Latin America, and East Asia, which previously had achieved significant progress—economically and socially— have shown themselves to be particularly vulnerable. The crisis has high- lighted important lessons for these countries, which inhabit a twilight zone between the developed and developing worlds –and those that aspire to join their ranks – as they rebuild
- Topic:
- Economics, Globalization, Markets, and Financial Crisis
- Political Geography:
- Europe, East Asia, and Latin America
4. Recovery: The Global Financial Crisis and Middle-Income Countries
- Author:
- Alejandro Foxley
- Publication Date:
- 07-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- No country has proved immune to the devastating effects of the current global financial crisis. But the middle-income countries of Eastern Europe, Latin America, and East Asia, which previously had achieved significant progress—economically and socially—have shown themselves to be particularly vulnerable. The crisis has highlighted important lessons for these countries, which inhabit a twilight zone between the developed and developing worlds?and those that aspire to join their ranks—as they rebuild.
- Topic:
- Economics, International Trade and Finance, Monetary Policy, and Financial Crisis
- Political Geography:
- Europe, East Asia, and Latin America
5. Market Versus State: Postcrisis Economics in Latin America
- Author:
- Alejandro Foxley
- Publication Date:
- 11-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The global financial crisis has reignited the fierce debate about the roles of the market and the state in modern economies. Latin America, in particular, revisits this debate every time it suffers an external shock. While some blame unregulated markets, others fault states' inability to design institutions or implement policies capable of neutralizing the negative impact of these shocks on output, employment, and social welfare.
- Topic:
- Economics, International Trade and Finance, and Financial Crisis
- Political Geography:
- Latin America