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Since the early 2000s, Latin America has become increasingly integrated with the global economy, liberalizing trade and opening its capital account. These initiatives were prompted by the assumption that advanced economies would not impose barriers to the cross-border movement of goods and services. But today, a rising wave of protectionism not seen since the Great Depression challenges this assumption.
With this new reality as the backdrop, the Latin American Committee on Macroeconomic and Financial Issues (CLAAF) will be meeting in Washington, DC to discuss how to tackle these emerging global economic challenges. Members of this committee include former finance ministers, former central bank governors, and other high-level economic officials and academics from across Latin America.
On Tuesday, April 10th the Committee will host a forum to debate and discuss these important questions:
If protectionist threats materialize, should Latin America follow suit, or reassert its determination to move towards global integration?
Entering a period of greater financial volatility associated with a dangerous combination of protectionism and higher international interest rates, should Latin America reassess its relatively orthodox macroeconomic stance and favor more heterodox policies (e.g., controls on capital flows)?
What is the role of regional institutions and the IMF in supporting Latin America’s financial stability in a changing world?
Laura Alfaro, Warren Albert Professor, Harvard Business School and Former Minister of National Planning and Economic Policy, Costa Rica
Guillermo A. Calvo, Professor of Economics, International and Public Affairs, Columbia University and Former Chief Economist, Inter-American Development Bank
Alberto Carrasquilla, Senior Partner, Konfigura Capital and Former Minister of Finance and Public Credit, Colombia
Augusto de la Torre, Former Chief Economist for Latin American and the Caribbean, World Bank and Former Governor, Central Bank of Ecuador
Roque BenjamínFernández, Director, Fund for the Promotion of Research, CEMA University and Former Minister of Finance, Argentina
Pablo Guidotti, Professor of Economics, School of Government, University Torcuato Di Tella and Former Vice Minister of Finance, Argentina
Liliana Rojas-Suarez (Committee Chair),Senior Fellow, Center for Global Development and Former Chief Economist for Latin America, Deutsche Bank
Ernesto Talvi, Director, Global-CERES Economic and Social Policy, Latin America Initiative, Brookings Institution and Academic Director, CERES, Uruguay
Evidence from US-based firms like Google, Facebook, and Amazon shows that market concentration and the failure of competition policy has had grim effects on productivity and inequality. Indeed, across a handful of industries, only a couple of massive firms control the majority of decisions Americans make as consumers. But what effects does market consolidation have on the rest of the world?
AidEx is a two day event, which encompasses a conference, exhibition, meeting areas, awards and workshops. Its fundamental aim is to engage the sector at every level and provide a forum for aid & development professionals to meet, source, supply and learn. AidEx was created to help the international aid and development community engage the private sector in a neutral setting, drive innovation and support the ever-growing need for emergency aid and development programmes.
Over 1 billion women lack access to financial services due to economic and social barriers, time and mobility constraints, and discrimination Financial services delivered digitally can address these barriers. Closing the global gender gap in access to finance provides an opportunity for the private sector to reach an untapped and profitable market, and provides governments with an opportunity to better reach their constituents. This event looks at the recent evidence on which emerging technologies empower women economically, as well as the importance of cross-sectoral partnership and women’s entrepreneurship in sub-Saharan Africa.
The Center for Global Development, TechnoServe, and the World Bank are pleased to co-host this event in Dar es Salaam. We are committed to finding what works to promote women’s financial inclusion and are conducting innovative research on the potential of digital technologies. This event will launch new research on this topic and bring together leaders in the government and the private sector with experts in finance, development, and technology to have critical conversations on closing the financial gender gap. We hope you can join us.
With the goal of driving down drug costs, governments across the globe have instituted various forms of pharmaceutical price control policies. Understanding the impacts of such policies is particularly important in low- and middle-income countries, where lack of insurance coverage means that prices can serve as a barrier to access for patients and lack of effective quality control may allow for low-quality medicines in the market. In her paper, Emma Boswell Dean examines the theoretical effects of price controls in such markets and then measures the empirical effects of one implementation of pharmaceutical price controls, in which the Indian government placed price ceilings on a set of essential medicines.
This unique conference is designed to convene both the new industrial policy thinkers, who have studied the history of government intervention, and blended finance practitioners, who are involved in setting up the institutions and procedures that will use official development finance to subsidise private enterprise in developing countries. These two communities too often work in isolation and have much to learn from each other.
The conference will combine scholar presentations with high-level policy discussions. Please see the preliminary programme for a list of sessions and speakers, in addition to more details about the conference.
Please join us for this “first of its kind” conference and feel free to share this invitation with your network and encourage your colleagues to attend. We want to reach as many people who work in private sector development as possible.