Crime and violence are still in the top 5 main worries of the world. Globally, one in five people become a victim of violence and crime in their lifetime. But it is not only the cost of human life lost: Crime and violence hamper economic growth and development, erode social cohesion, affect governance and, in some cases, shake countries' political stability.
For two and a half years, more than 4,000 people have worked to build Line 1 of the Quito Metro, a mass transit system that extends 22 kilometers across the city.
With its 15 modern stations, ranging from Quitumbe in the south to El Labrador in the north, this infrastructure project is changing the urban landscape of the Ecuadorian capital and will become the backbone of the city’s integrated transport system. How is it coming along?
Carl Fuerstenberg, one of the most prominent German bankers of his generation, famously said more than a century ago that shareholders are irrational and impertinent. They are irrational, he said, because they entrust their money to people they don’t control, and impertinent because they expect to receive dividends as a reward for their foolishness.
This dynamic lies at the very heart of the corporate governance challenges faced by many companies and is especially acute in Latin America.
View from Santo Domingo, Dominican Republic / World Bank
Published in digital portal El Dinero
In the past, a company in the Dominican Republic facing financial difficulties, such as falling behind on tax payments and having outstanding debts with suppliers and cashflow problems, usually faced bankruptcy, with low rates of recovery.
For them, forested lands mean some fuelwood, timber, perhaps some fruit — benefits that are much lower than those they could get by cutting the trees down and cultivating the land or using it for pasture. It’s not surprising, then, that many of them choose to do so, resulting in high rates of deforestation throughout the world.