From the moment the earthquake happened, I was anxious to go to the coastal areas that were most affected. Possibly because of my past life working for a relief agency, where emergencies were an immediate call to action to help those who were, and are, facing so much loss – loss of family and friends, of homes, of livelihoods, of a sense of peace and security. But also a sense of uncertainty to be faced with such loss –to look beyond the tragedy to find the hope. While at the same time, managing the risks for my colleagues and myself of possibly facing another strong replica that might leave us among the disaster.
Latin America & Caribbean
This blog was previously published in The World Post.
Talk about ‘growth’ in Latin America has become less upbeat today than a few years ago. That’s no surprise. For over a decade, average growth meant at least double the economic activity that we are seeing today.
Read parts 1 & 2
There’s good evidence that a country’s level of financial development affects the impact of volatility on economic growth, particularly so in less developed countries, as the charts below demonstrate
The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government reduces spending (the pro-cyclical approach), the likely result is a deeper recession.
- Organization of Eastern Caribbean States
- macroeconomic policy
- Financial Sector
- Latin America & Caribbean
- Virgin Islands, British
- Trinidad and Tobago
- St. Vincent and the Grenadines
- St. Lucia
- St. Kitts and Nevis
- Dominican Republic
- Antigua and Barbuda
- Macroeconomists for the Poor