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1121. A Short History of the Washington Consensus

Author:
John Williamson
Publication Date:
09-2004
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The term “Washington Consensus” was coined in 1989. The first written usage was in my background paper for a conference that the Institute for International Economics convened in order to examine the extent to which the old ideas of development economics that had governed Latin American economic policy since the 1950s were being swept aside by the set of ideas that had long been accepted as appropriate within the OECD. In order to try and ensure that the background papers for that conference dealt with a common set of issues, I made a list of ten policies that I thought more or less everyone in Washington would agree were needed more or less everywhere in Latin America, and labeled this the “Washington Consensus.” Little did it occur to me that fifteen years later I would be asked to write about the history of a term that had become the center of fierce ideological controversy.
Topic:
International Relations, Debt, Economics, and Politics
Political Geography:
Washington and Latin America

1122. The Mexican Internet after the Boom: Challenges and Opportunities

Author:
Martin Kenney, James Curry, and Oscar Contreras
Publication Date:
06-2004
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
The Internet will be the defining technology of the first decade of the 21st Century. It is redefining boundaries of all sorts in new and unforeseen ways. As with many previous disruptive technologies, the Internet can be a double-edged sword for developing countries such as Mexico. For example, the Internet has the potential to dramatically lower barriers to cross-border trade. This will enable international retailers to penetrate the Mexican market potentially undermining domestic retail businesses. On the other side, the Internet could provide opportunities for Mexican firms to enter the global market, particularly Spanish-speaking Latin America and the huge U.S. Hispanic market. But this is only the tip of the iceberg of change. For example, in a country such as Mexico in which information has not been readily available and public libraries are relatively few in number and poorly stocked, the free and low-cost information available on the Internet provides a powerful new distribution medium – it provides inexpensive access to global information sources.
Topic:
Industrial Policy, International Trade and Finance, and Science and Technology
Political Geography:
United States, Latin America, Central America, North America, and Mexico

1123. The carter center financing democracy in guatemala. Final Report: Financing Democracy in Guatemala

Publication Date:
05-2004
Content Type:
Working Paper
Institution:
The Carter Center
Abstract:
In recent years discussions about the quality of democracy in the Western Hemisphere have focused increasing concern on the financing of political parties and their campaigns. Unlimited spending on campaigns is believed (correctly or not) to have raised the cost of elections to the point where poor candidates stand little chance of competing and the prospect of creating a level playing field for parties and their candidates has become decidedly remote. Undisclosed contributions of licit or illicit origin by wealthy donors have meanwhile intensified the dependence of elected officials on their campaign funders, increasing the likelihood that politicians respond to donor interests and hindering effective representation for the ordinary citizen in the making of public policy. In tandem, these trends are contributing to public cynicism about parties and candidates, and about the possibilities for meaningful citizen participation in politics.
Topic:
Democratization, Economics, and Politics
Political Geography:
Latin America and Central America

1124. Financing Democracy in the Americas

Publication Date:
05-2004
Content Type:
Working Paper
Institution:
The Carter Center
Abstract:
Citizens throughout the hemisphere increasingly question the integrity of political processes with opaque methods of financing and access. After a quarter-century of democratic governance, money-conscious voters in Latin America's troubled economies have begun to ask whether elections really allow them to hold governments accountable for enacting promised reform s or whether instead politicians respond primarily to the special interest groups who fund their campaigns. Democracy remains a valued good, but questions are being asked about how much it costs, who pays, and whether the need to raise funds distorts policy agendas.
Topic:
Democratization, Economics, and Politics
Political Geography:
Latin America and Central America

1125. Overview of Civil Society Participation in Regional and Sub-Regional Processes: The Case of Latin America and the Caribbean

Author:
Anita Ratynska
Publication Date:
02-2004
Content Type:
Working Paper
Institution:
Global Facilitation Network for Security Sector Reform
Abstract:
The following paper presents the current landscape of civil society participation in regional security policy-making bodies in Latin America and the Caribbean (LAC). It highlights the achievements made in civil society (CS)-government/regional mechanisms partnerships as well as the areas of concern that still remain to be addressed.
Topic:
Government, International Cooperation, and International Organization
Political Geography:
Latin America and Caribbean

1126. Latin America and Caribbean Security Network Symposium

Author:
Chris Ferguson
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
Global Facilitation Network for Security Sector Reform
Abstract:
The Global Facilitation Network for Security Sector Reform (GFN-SSR) has a single strategy for Latin America and the Caribbean with the goal of strengthening civil society networks in and between the two regions. We hope to help civil society and its representative organisations foster a more informed and holistic approach to human security. This goal includes building improved channels of communication between civil society networks and regional policy makers, such as the Organisation of American States (OAS) and Caribbean Community (CARICOM), to help incorporate greater input from civil society into their agendas.
Topic:
International Relations and Security
Political Geography:
America, Latin America, Central America, and Caribbean

1127. Latin America and Caribbean Security Network Symposium

Author:
Chris Ferguson
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
Global Facilitation Network for Security Sector Reform
Abstract:
The Global Facilitation Network for Security Sector Reform (GFN-SSR) has a single strategy for Latin America and the Caribbean with the goal of strengthening civil society networks in and between the two regions. We hope to help civil society and its representative organisations foster a more informed and holistic approach to human security. This goal includes building improved channels of communication between civil society networks and regional policy makers, such as the Organisation of American States (OAS) and Caribbean Community (CARICOM), to help incorporate greater input from civil society into their agendas.
Topic:
Security and Civil Society
Political Geography:
South America, Latin America, and Caribbean

1128. Networking the Networks: Supporting Regional Peace and Security Agendas in Africa

Author:
Ann M. Fitz-Gerald and Anicia Lala
Publication Date:
07-2004
Content Type:
Working Paper
Institution:
Global Facilitation Network for Security Sector Reform
Abstract:
The Mozambique Security Network Symposium was held in Maputo on 30 June-1 July 2003. The meeting gathered approximately sixty participants from government, regional and sub-regional organisations and civil society. The event was made possible through the support of the UK Government's African Conflict Prevention Pool and was facilitated by the Global Facilitation Network for Security Sector Reform (GFN-SSR), a project funded by the United Kingdom that seeks to unite all actors and agencies in this field of study. Through the generous support of the United Nations Foundation, a number of representatives from Latin American countries also attended the meeting to draw on lessons learned and shared experiences from another southern region.
Topic:
Conflict Resolution, Security, and Regional Cooperation
Political Geography:
Africa, United Kingdom, United Nations, and Latin America

1129. Traditional and Non-Traditional Security Issues in Latin America: Evolution and Recent Developments

Author:
Richard Narich
Publication Date:
01-2003
Content Type:
Working Paper
Institution:
The Geneva Centre for Security Policy
Abstract:
In the second part of the 20th century, the world's attention focused twice on Latin America, first during the Cuban crisis in 1962 and then during the conflicts in Central America in the Eighties and Nineties. The situation there had a direct impact on the general balance of the planet. It was a hot spot. Today this region is not on the agenda anymore: it no longer represents a global threat in terms of security.
Topic:
Security, Defense Policy, and Terrorism
Political Geography:
Latin America and Central America

1130. Contagion: An Empirical Test

Author:
Jon Wongswan
Publication Date:
09-2003
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Using the conditional Capital Asset Pricing Model (CAPM), this paper tests for the existence and pattern of contagion and capital market integration in global equity markets. Contagion is defined as significant excess conditional correlation among different countries' asset returns above what could be explained by economic fundamentals (systematic risks). Capital market integration is defined as the situation in which only systematic risks are priced. The paper uses a panel of sixteen countries, divided into three blocs: Asia, Latin America, and Germany-U.K.-U.S., for the period from 1990 through 1999. The results show evidence of contagion and capital market integration. In addition, contagion is found to be a regional phenomenon.
Topic:
International Relations, Economics, Globalization, and International Trade and Finance
Political Geography:
United States, United Kingdom, Asia, Germany, and Latin America

1131. The Caribbean Security Scenario at the Dawn of the 21st Century: Continuity, Change, Challenge

Author:
Ivelaw L. Griffith
Publication Date:
09-2003
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
The two epigraphs — one by a noted scholar and erstwhile policyactor and the other by a respected policymaker with intellectual acumen — capture core elements of the twin realities of continuity and change that define the security scenario of the contemporary Caribbean. Proximity, vulnerability, and instability are not new features of the Caribbean or of Caribbean-United States dynamics; they represent some of the continuity from times past. However, they assume special character because of the terrorism tragedy that has “cast a pall across the whole hemisphere,” to quote Barbados Prime Minister Arthur.
Topic:
Security and Terrorism
Political Geography:
United States, Latin America, Caribbean, and North America

1132. A Resurgent MERCOSUR: Confronting Economic Crises and Negotiating Trade Agreements

Author:
Thomas Andrew O'Keefe
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Almost from the day it was launched on March 26, 1991, skeptics have predicted the imminent collapse of the Common Market of the South (Mercado Común del Sur — MERCOSUR), while some economists have fretted about the project's supposed protectionist designs to create a trade fortress. The most memorable example of the latter was a 1996 report written by a World Bank economist that relied on out-of-date trade statistics and attributed to MERCOSUR policies that were actually pre-existing national automotive regimes. More recent tirades have tried to blame Argentina's economic meltdown on its MERCOSUR membership. A well-known economist from a New York City investment bank has even gone as far as to proclaim MERCOSUR dead. Given all the invective directed against efforts to integrate South America's Southern Cone economically over the past decade, it is not surprising that MERCOSUR is misunderstood by many in North America.
Topic:
Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:
South America, Latin America, and North America

1133. The Changing Landscape of Financial Services in Latin America's Large Emerging Markets

Author:
Jerry Haar
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
The Latin American financial services sector has been profoundly affected by the sweeping economic, legal, and regulatory reforms of the 1990s. Conversely, the sector has extensively impacted the economic liberalization process that has been the hallmark of Latin American development from the late 1980s through the present. This paper highlights trends in the financial services sector; discusses the key drivers of change, both globally and regionally; illustrates how three of those drivers — mergers and acquisitions (M), technology, and customer demand — are revolutionizing this sector; and reviews the organizational and strategic responses by financial firms to an increasingly competitive environment.
Topic:
Economics, Emerging Markets, and Globalization
Political Geography:
Latin America

1134. Promoting the Rule of Law Abroad: The Problem of Knowledge

Author:
Thomas Carothers
Publication Date:
01-2003
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Although the current rule-of-law promotion field is still expanding as it approaches the end of its second decade, it still faces a lack of knowledge at many levels of conception, operation, and evaluation. There is a surprising amount of uncertainty, for example, about the twin rationales of rule-of-law promotion—that promoting the rule of law will contribute to economic development and democratization. There is also uncertainty about what the essence of the rule of law actually is—whether it primarily resides in certain institutional configurations or in more diffuse normative structures. Rule-of-law promoters are also short of knowledge about how the rule of law develops in societies and how such development can be stimulated beyond simplistic efforts to copy institutional forms. And the question of what kinds of larger societal effects will result from specific changes in rule-of-law institutions is also still open. Although aid institutions engaged in rule-of-law assistance do attempt some—lessons learned—exercises, many of the lessons produced are superficial and even those are often not really learned. Several substantial obstacles to greater knowledge accumulation in this field persist, including the complexity of the task of promoting the rule of law, the particularity of legal systems, the unwillingness of aid organizations to invest sufficient resources in evaluations, and the tendency of both academics and lawyers not to pursue systematic empirical research on rule-of-law aid programs. Whether rule-of-law aid is on the path to becoming a well-grounded field of international assistance remains uncertain.
Topic:
International Relations, Democratization, Development, and Economics
Political Geography:
Latin America

1135. Whither Europe?

Author:
Barry Eichengreen
Publication Date:
05-2003
Content Type:
Working Paper
Institution:
Institute of European Studies (IES), UC Berkeley
Abstract:
Where I live, on the West Coast of the United States, and teach, at the University of California, Europe seems far away. Geographically we are closer to Latin America and Asia. Ethnically, Californians of Hispanic and Asian-American descent are increasingly numerous. Within 20 years, residents of European origin will be a minority; already they are a minority of the undergraduates enrolling at Berkeley. Economically as well, we look to Asia. It is in California where the largest number of container ships arriving from Asia are unloaded, and it is across the Pacific, and in China in particular, that most of those containers originate.
Topic:
Economics and Political Economy
Political Geography:
United States, China, Europe, Asia, California, and Latin America

1136. Unemployment Protection in Chile

Author:
Wayne Vroman
Publication Date:
08-2003
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
Interruptions of earnings caused by unemployment and reductions in the real value of earnings caused by inflation are two important risks that face persons active in the labor market. The following paragraphs discuss these phenomena and the possible mechanisms for addressing the risks that they pose.
Topic:
Economics, Government, and Human Welfare
Political Geography:
South America, Latin America, and Chile

1137. The Gender Impact of Pension Reform in Latin America—and Broader Policy Implications

Author:
Estelle James, Alejandra Cox Edwards, and Rebeca Wong
Publication Date:
06-2003
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
Over the past two decades multipillar pension systems that include both a public defined benefit (DB) and private defined contribution (DC) pillar have been adopted in many countries. Critics of these pension reforms argue that the tight link between payroll contributions and benefits in the DC pillar will produce lower pensions for women. In contrast, supporters of these reforms argue that multipillar systems remove distortions that favored men and permit a more targeted public pillar that will help women. To test these conflicting claims about multipillar reforms, and to analyze more generally the gender impact of alternative pension systems, this paper examines the differential impact on the two genders of the new and old systems in three Latin American countries—Chile, Argentina, and Mexico. On the basis of household survey data, we simulate the employment histories of representative men and women and the pensions that these are likely to generate under the new and old rules.
Topic:
Economics, Gender Issues, and Human Welfare
Political Geography:
Argentina, South America, Latin America, Central America, North America, Mexico, and Chile

1138. Illegal Immigration, Human Trafficking, and Organized Crime

Author:
Raimo Väyrynen
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
It is important to make a careful distinction between illegal immigration, human smuggling, and human trafficking which are nested, but yet different concepts. This distinction is relevant because these different categories of the illegal movement of people across borders have quite different legal and political consequences. Human smuggling and trafficking have become a world-wide industry that 'employs' every year millions of people and leads to the annual turnover of billions of dollars. Many of the routes and enclaves used by the smugglers have become institutionalized; for instance, from Mexico and Central America to the United States, from West Asia through Greece and Turkey to Western Europe, and within East and Southeast Asia. More often than not flourishing smuggling routes are made possible by weak legislation, lax border controls, corrupted police officers, and the power of the organized crime. Naturally, poverty and warfare contribute to the rising tide of migration, both legal and illegal.
Topic:
Environment and Human Welfare
Political Geography:
United States, Europe, Turkey, East Asia, Greece, Asia, Latin America, Central America, North America, Mexico, Southeast Asia, Western Europe, and West Asia

1139. Income Distribution Changes and their Impact in the Post-World War II Period

Author:
Tony Addison, Giovanni Andrea Cornia, and Sampsa Kiiski
Publication Date:
03-2003
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper analyses the trends in within-country inequality during the post- World War II period, with particular attention to the last 20 years, on the basis of a review of the relevant literature and of an econometric analysis of inequality trends in 73 countries accounting for 80 per cent of the world's population and 91 per cent of world GDP-PPP. The paper suggests that the last two decades have been characterized by a surge in within-country inequality in about two-thirds of the developing, developed and transitional nations analysed. It also suggests that in those countries where the upsurge in inequality was sizeable or where inequality rose from already high levels, growth and poverty alleviation slowed down perceptibly. While this trend towards higher inequality differs substantially across countries in its extent, timing and specific causes, it marks a clear departure from that observed during the first 30 years of the post-World War II period during which, with the exception of Latin America and parts of Sub-Saharan Africa, a widespread move towards greater egalitarianism was noted in the majority of the socialist, developing and industrialized economies.
Topic:
Development, Economics, Emerging Markets, International Political Economy, and Poverty
Political Geography:
Latin America

1140. Mexico Alert: Mexico's Southern Flank: A Crime-ridden "Third U.S. Border"

Author:
George W. Grayson
Publication Date:
12-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
Mexico's southern flank constitutes a porous, crime-ridden third border of the United States. The problem is that both President Vicente Fox and Homeland Security Secretary Tom Ridge concentrate on the U.S.-Mexican frontier, while neglecting the Mexican-Guatemalan interface that provides an open sesame for narcotraffickers, illegal aliens, prostitutes, smugglers, and terrorists.
Topic:
Security, Economics, and Politics
Political Geography:
United States, Latin America, and North America