tag:blogger.com,1999:blog-159274582012-02-17T06:23:15.825-08:00This page is based on comments related with economics and business issues,concerning Latin America, Chilean economy and the global economy.-ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comBlogger1961100tag:blogger.com,1999:blog-15927458.post-30588654350286048722012-02-17T06:23:00.000-08:002012-02-17T06:23:15.830-08:00

The global economy needs to create more han 600 million jobs in the next decade.Three quarter of them because of population growth..- The pice of capital goods is decreasing because of the scale factor at the global economy level, technological progress, and free trade.This lower prices induces a substitution from labor to capital specially in the manufacturing sector ,which might imply

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-65265181323598988122012-02-03T08:36:00.000-08:002012-02-03T08:38:17.562-08:00

SSMZEs have been considered in many countries ,to be the core for economic dynamism and growth. When these firms get its market target and become well positioned to compete, it creates not only additional jobs, but also are a source of innovation . Global economy characteristics have important implications for SMZEs: It increase connectivity, it increase markets size ,it develops new

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-51929773401944749902012-01-20T07:07:00.000-08:002012-01-20T07:07:21.254-08:00

Some economic agents might be surprised about the recent downgraded by ratings agencies, of European countries, Banks and even stability funds, but perhaps much more from it, because it did not hurt (at least in the short term) too much the market expectations about European economy prospect , to cope with its debt constraint . .- Well , maybe an analogy might help.It is like you

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-53008887610035630522012-01-06T06:54:00.000-08:002012-01-06T06:54:04.693-08:00

Macroeconomic Policy and Central Banks: The Financial variables are key Most of the economies which have autonomous Central Banks , might count on it as a key tool for price stability .Latin America in the nineties started off with its own experience on the matter ,and the outcomes so far are pretty satisfactory. On average, Inflation rate has been steadily going down , up to a one

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-25382488667599135552011-12-16T03:36:00.000-08:002011-12-16T03:36:12.387-08:00

This year has been plenty of uncertainties concerning the global economy possibilities to overcome the spillover effect of the financial crisis of 2008.Policy makers, confronting tough choices about fiscal and monetary policies, and politicians thinking about the next election (whenever it is),rather than the next generation, made the whole year a mixing experience of mild recovering on

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-21548282951664554672011-12-02T08:15:00.000-08:002011-12-02T08:15:28.660-08:00

Will the Euro survive?: EU at its critical hour Most of analysts agree that the chances for the Euro to survive the current debt problem in the EU , goes along with Central banks focusing on financial stability as much as they do on price stability.- The problem is that in most of the world economies ,Central Banks have made of price stability a trade mark based upon its importance

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-52109654991685054552011-11-18T03:46:00.000-08:002011-11-18T03:56:46.408-08:00

Is it feasible the two speed euro zone?The notion of the “two speed euro zone” , foster speculation whether it is a kind of yellow light for countries which refuse to go on with necessary reforms to stay in the euro zone, or it is a real possibility to get Europe and the global economy out of the economic recession territory .European Union, is currently the largest economic zone of

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-78309857182762429822011-11-04T05:05:00.000-07:002011-11-04T05:07:49.698-07:00

Tax reforms and government efficiency (II)Do Governments have incentives to be efficient?.What is the real meaning of tax efficiency?.What is the real burden taxes imposes on welfare level?.These questions ,should come along for tax reforms.Governments do not have incentive to be efficient, because its key role is to be effective, which means it has to do what it is demanded by

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-78224361415221705322011-10-21T06:18:00.000-07:002011-10-21T06:32:38.791-07:00

Tax Reforms and Government efficiency (I)Taxes are the main source but not he only one of revenues for Government to provide services. Thus, any time those services are increasingly necessary,(economic recession, inequality gap, new demands and the like), the first option which comes along is to increase taxes. It is assumed that the efficiency level of Government programs, is

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-69351382342552741412011-10-07T07:48:00.001-07:002011-10-07T07:56:58.710-07:00

Global economy risks : The time for coordinated leadershipRecent weeks have shown how vulnerable is global economy to risk perceptions. The complicated situation of debtor countries and the risk of defaulting their debts, has made market volatility something rather usual. Any positive signals(even weak), might be enough to recover the mood, but apparently for not too

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-92133709363310965752011-09-23T07:18:00.000-07:002011-09-23T07:33:49.757-07:00

IMF World economic outlook: Any Improvement for 2012?The IMF world economic outlook reflect the current risk of global economies.The GDP estimation decrease for developed and emerging economies fro 2011 ,from 4,3% to 4% and 6,6% to 6,4% respectively.-Latin America is expected to have a slower growth pace this year down from 6,6% (2010) to 4,9% (2011).Although it still represents a

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-52887094953643567362011-09-09T05:35:00.000-07:002011-09-09T05:38:16.574-07:00

The Chilean model: The social costs of oligopoly (II)How the Chilean model became an structural oligopoly?. Free market economy might work with both political monopoly and political oligopoly, because of its adaptability.(in both cases, the economic institutional framework might be market oriented).Therefore, while it looked that Chilean model worked its way through to become a

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-74035410258578779182011-08-26T06:43:00.000-07:002011-08-26T06:47:57.583-07:00

Chilean Economic model: The social cost of oligopoly (I) In recent months, Chilean society has been stressed with street demonstration . Why?. Lets try some explanation.When the “Chilean Model” started out 36 year ago, it was based upon a free market economy, with the private sector on the lead to support economic growth and wealth creation, and the state playing a complementary

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-40877210239071008202011-08-12T06:52:00.000-07:002011-08-12T07:41:46.943-07:00

Do policy makers or politicians have to feel constraint by market reactions to any decision they take?.In other words, do markets performance creates a sort of boundaries on what policy makers should or should not do?.After all, there is legitimate authorities and institutions whom any public decision must be accountable to.-. We have witnessed these days, the wild fluctuations in stock market

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-54902881986587950802011-07-29T07:04:00.000-07:002011-07-29T07:11:40.566-07:00

Learning from economic crisis: Where the economics science stands?Although economic crisis means losses of efficiency ,output, employment and welfare levels, the economic science has not been able to reach out the point such that the quality of its economic policies make possible steady economic growth, employment and welfare gains . Rather there has been economic cycles with up

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-70084883137137283302011-07-15T07:23:00.000-07:002011-07-15T07:25:59.678-07:00

Chilean students of different levels, although mostly from public universities, have been claiming about the current conditions of public education, and the implications of private investment in this field.Public universities(25),are financed by the State with percentages which has been decreasing in real terms over the years. In the last five years, Public Universities,

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-33889521177114899382011-07-01T07:59:00.000-07:002011-07-01T08:04:41.723-07:00

The Greek economy tragedy: A Plan is necessaryLatin America learned thirty years ago, how hard is to cope with external debt when it goes beyond what it is available. It meant a “lost decade” and incredible enough ,made the whole continent a capital exporter .It had to pay back U$$ 100.000 millions(Dollars of 1980) .Those resources, could not be used to finance roads, schools,

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-42360665789758444532011-06-17T08:11:00.000-07:002011-06-17T08:15:08.947-07:00

Chile ´s own sub prime crisis: The retail industry under scrutinyIt has been widely said that the market oriented Chilean economy, strongly depend upon an economic institutional framework almost crisis proof. It means there is no chance the regulatory authority, do not have the proper tools to protect market confidence, consumer rights, small investor interest and systemic risk. In

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-35607937839852330452011-06-03T07:46:00.000-07:002011-06-03T07:50:13.717-07:00

Rough times for global economy: The middle of the road situationThe economic recovery arising from the financial crisis of 2008, seems to follow the traditional path. Let make clear that it is not the same an economic recovery back from a real shock ,(sharp drop in exports), that a recovery back from a financial shock. While in the former, it is a matter decrease domestic spending

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-13402647288619704702011-05-14T16:51:00.000-07:002011-05-14T16:55:06.837-07:00

Reforms that do matterThere are different kind of reforms depending upon their scope and deepness. Thus ,there are economic ,political , public services, institutional and financial reforms to mention the most usual. All of these reforms ,have a kind of life Cycle which means that they are useful to the extent that they fulfill its purposes. After that it begins a decreasing relevance and

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-41238748743966769452011-04-29T07:08:00.000-07:002011-04-29T07:28:51.431-07:00

It is well known that the welfare State notion was imported from Europe, to allow massively to others, what it was granted for just a few. Did this notion fit properly with some sense of social responsibility ?.As long as Social Responsibility, deals with taking into account the interest of stakeholders (not just shareholders), probably it did so. In this case ,shareholders were

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-10566726532552332492011-04-08T07:13:00.000-07:002011-04-08T07:16:15.672-07:00

There has been wide spread positive evaluation of Latin America economies, specially considering its relatively faster recovery than the rest of the economies ,after the big financial crash of 2008.Some analysts have divided the continent in two blocs: the one leading by Mexico which include Central America, and the other one leading by Brazil which include some of

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-60277681500443022632011-03-24T13:12:00.000-07:002011-03-24T13:18:30.995-07:00

In his address to the Americas in Santiago (Chile), President Obama´s speech (march 21,)set the working boundaries for a new deal with Latin American countries. This one, based on mutual respect as it happens among equals, leaving behind the traditional backyard perspective. Although it did not specify any core initiative (such as a strategic alliance on the implementation of

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-3154584631039206362011-03-11T05:25:00.000-08:002011-03-11T05:28:01.051-08:00

When the evaluations were made, there were probably few doubts about the countries President Obama could consider in his short list to his first trip to Latin America: El Salvador, Brazil and Chile .These countries represent what has been historically a priority: a.- Its strategic influence in Central Americab.- The importance of having reliable Latin America partners,

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-31205292697509100732011-02-25T06:47:00.000-08:002011-02-25T07:06:37.819-08:00

Rational behavior has been the key variable for microeconomics analysis in the so called neo classical economics school. These school of thought , applied that approach to consumer behavior , then extended it to business(producer) decisions ,labor-leisure hour allocation, such that it establish the foundation for a macroeconomics analysis more rigorous and consistent with the

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-36226960975904153992011-01-28T06:32:00.000-08:002011-01-28T06:39:42.911-08:00

It has been well known the case of an economy which has a positive price shock on its main export good, and later it has not tool to deal with its implications: It is known as ” The Dutch disease”. Chile, might have a similar problem with its leading exports good : Copper .So far, and as expected , the impact on the local currency has been an appreciation to drive it

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-26175183207580115192011-01-14T06:14:00.000-08:002011-01-28T06:40:43.609-08:00

These days ,there is an ongoing discussion in Chile about two issues with important implication for the midterm prospect for Chilean economy economic growth.a.- The justification for Central Bank intervention on the foreign exchange marketb.- The question concerning the “Chilean disease” , which deals with the impact on domestic economy, of the high price for copper in world markets.

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-80672203034628512232010-12-31T04:26:00.000-08:002010-12-31T04:30:37.204-08:00

Brazilians have a lot to celebrate these days. They are in their way to become again the global power they already were before. It is not the first time Brazil is in such situation. In the sixties,(1968) it was among the eight world economies, and its potential on different areas placed it ,in a leading position for the XXI century along with other few Latin

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-72958378167806480652010-12-17T13:42:00.000-08:002010-12-17T13:46:49.954-08:00

As the end of 2010 approach, it is useful to take a look back at the most important economics event such that it might be possible to look forward. So ,let start .a.-There is probably no too much disagreement to consider among the key events in this year, the crisis in the Euro zone and its implication. Alternatively, the Euro requires rule to be

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-86117486194441103832010-12-03T06:21:00.000-08:002010-12-03T06:22:42.737-08:00

A recent report issued by the WMO (World meteorology organization) , set a pessimistic tone to the ongoing discussion about climate change ,at the Cancun XVI Conference on Climate Change in Mexico. The report emphasize the fact that in this year, the emissions of dioxide of carbon has been the highest ever, even though the global economy was not working at its

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-11951615968614069122010-11-19T04:32:00.000-08:002010-11-19T04:38:10.626-08:00

Since the beginning in 1989 ,APEC has been an important source for new opportunities for global trade and economic development. The 21 economies which are part of this association, represent 56% of Global GDP and 46% of global trade. Such a share in global economic in motion ,certainly expand the boundaries for growth. Research by the APEC policy support unit (

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-18209040130282939152010-10-29T04:55:00.000-07:002010-10-29T05:04:06.930-07:00

Recent data and research show that the middle class segment in Latin American economies is growing. While in 1990 53% of the population was in the middle class category, in the year 2010, 63% of the population has reached out such a condition, and the trend is to be even higher twenty year from now , (100 million additional people) as long as economic growth keep the

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-78610853983424367612010-10-15T06:25:00.000-07:002010-10-15T06:36:27.882-07:00

When it comes to keep our health in good conditions, most of us count on food quality, but very few of us realize, how hard this is going to be in the future. Very much of what we need for our health, comes from clean water. Our body is 70% water, which means that the first condition for good health is good quality water. This a well known fact by

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-3426107823921178062010-10-01T13:00:00.000-07:002010-10-01T13:02:35.794-07:00

As long as the State was key to design the new framework, ideology was the driven force in the following years. On this regard and as a condition to make the State stronger, the institutional profile , was bias toward the law and order, rather than freedom and rights.The foundation of the new republic was based on the strength of its State and those who supported and controlled it.

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-62690753832697055802010-09-15T08:08:00.001-07:002010-09-17T13:10:49.475-07:00

These days Chilean people celebrates the most of their pride : to be independent .On September 18 th, in the year 1810 started out a long journey for a new tough land full of scary natural phenomena (earth quakes, volcano eruption, flooding in winter seasons ), but also with the majesty of both geographic and weather diversity. Dry and hot in the north, rainy and

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-42846210991805050072010-09-03T05:59:00.001-07:002010-09-03T06:06:02.630-07:00

It is going to take years before the main economic stream, will settle down the key variables which could be considered as the main source of the global financial crisis which took place in 2008 , and it is still making noise.-So far, it is clear that a mix of wrong doings ranging from policy makers up to credit rating agencies , created the conditions for an over

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-18431653182624143492010-08-20T10:02:00.000-07:002010-08-20T10:06:08.637-07:00

It has been usual to evaluate private firms market valuation, by their willingness to get on board of Social responsibility requirements : In this latest report previous to launch the new ISO 26000,( August 2010) the International standard organization says: “The need for organizations in both public and private sectors to behave in a socially responsible way is

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-65829297077201293592010-08-06T09:29:00.000-07:002010-08-07T15:28:28.153-07:00

From the economic point of view, inequality has broad implications for whatever the notion of welfare. Starting from the macroeconomic side, it has been widely demonstrated that inequality is a threat for both social and political stability. Besides, it creates a distortion about the true nature of economic growth ,and the real meaning of freedom associate with it . As long as economic growth by

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-859948255287760282010-07-23T08:16:00.001-07:002010-07-23T08:30:26.185-07:00

The recent financial crisis (2008),has made of Latin America economies the focus of attention because of its strength to cope with the effects of such situation, keeping the fundamental for steady economic growth . However, unemployment (10 million people in these economies), poverty(higher in countries which were on top of the list, because of its progress to reduce

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-69722610490346084552010-07-09T08:44:00.001-07:002010-07-09T08:52:35.511-07:00

In recent weeks, very much of the discussion about global economic recovery has been focused on the role of fiscal deficit to push up global demand, such that to get back the economic activity to normal levels.- Some key considerations about this issue, deals with the fact that even though the global economy might be considered a “closed economy”, it is a kind of decentralized

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-11455184382088692112010-06-18T10:05:00.000-07:002010-06-18T10:10:44.458-07:00

It is a global event every four years, because it gather 32 soccer teams which represent 84% of world GDP, to compete for the privilege of being the Champion. S. Campanario in his book “The Economics of the Unexpected”.(In Spanish La Economia de lo insólito 2009),analyzes the economic impact of such event . Given the fact that a lot of soccer fans leave aside

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-89016638238116628282010-06-04T08:48:00.000-07:002010-06-04T08:50:50.270-07:00

Sometime ago, Robert Gordon (Author of the book :Macroeconomics, 1983) asked whether recession was the only way to fight inflation or for this matter, the implementation of any stabilization program. The question itself might be an interesting issue of academic value, but it deals with the complicated problem of allocation of the cost of adjustment which economies

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-51718014323801969112010-05-21T14:44:00.001-07:002010-05-21T14:47:23.394-07:00

FDI flows are important because of its impact on new technology, management models and employment . All of these are the social benefit of fostering FDI. With low social cost, FDI flows requires clear rules and stable institutional framework. Environment ,taxes , ideology are among the main reason for those conditions to change. The expected impact is not just lower FDI flows ,bvariAut

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-36831303654315778952010-05-07T08:57:00.000-07:002010-05-07T09:00:33.256-07:00

The recent ECLAC report about FDI in Latin America and the Caribbean countries, (May 2010 www.eclac.org ) shows the high level of sensibility global investors have about systemic risk .In fact , Foreign Direct investment dropped 42% in 2009 , down from the record high registered in 2008.Global economy financial crisis, deteriorated economic expectations at a full

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-40298752996645586992010-04-16T07:37:00.000-07:002010-04-16T07:41:05.118-07:00

The theory of representation might be considered as a restriction for the implementation of new technologies, as long as it cares mainly with the enforcement of every employee contract. Besides, it might also rules out the implementation of the planning process, a basic requirement for information technology to be useful, as long as the contract does not allow any new

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-22862333843501883292010-04-01T07:58:00.000-07:002010-04-01T08:03:38.915-07:00

It has been quite usual to assume that because there are new information technologies available, it should have a positive impact on management had they are applied. However, the empirical results does not follow the path of a straight line.A recent research done by Greek economists o(Global Journal of Business Research, Volume Nº 4 ,Number 1, “An empirical study of

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-88860902602685300092010-03-19T06:18:00.000-07:002010-03-22T11:45:50.277-07:00

Europeans are wondering about the prospect for the €uro (www.spiegel.de ,march 9, 2010), following the seriousness of the Greek economy difficulties these days. Three unbalanced account (Public debt, fiscal deficit (12% of GDP) and current account deficit), is the usual menu for economic crisis, which might turn out to be political ones. The financial situation of other European countries ,

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-75197122537269320682010-03-05T10:59:00.000-08:002010-03-05T11:03:18.666-08:00

Just a couple of weeks ago, Chileans were next to finish their vacation season. A lot of them, were getting ready to go back home with personal bags full of nice memories, after enjoying their free time .From the political point of view, the expectation were running high with the new incoming Center right Government, which was also getting in shape to cope with key

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-35143172205677527212010-02-19T08:31:00.001-08:002010-02-19T08:37:47.245-08:00

The presidential election results in January 17th 2010 , will be considered another historic day, just like that one ,when for the first time a woman was elected to be President(2006). It looks like Chile has learnt to work upon a long run span, quite unusual for countries like the Latin Americas ones which for most of the twenty century , hardly were able to cope with

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-64917905411920583392010-01-29T06:36:00.000-08:002010-01-29T06:40:52.363-08:00

Originally a scientific not an economist, Samuelson set the tone from the beginning. While he was defending his PhD thesis, Schumpeter who was among those present at that moment said:” I do not know whether this jury is able to write something as brilliant as this thesis” .The contribution to macroeconomics has made Samuelson the real father of

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-61858964575682477462010-01-08T12:36:00.000-08:002010-01-08T12:49:25.791-08:00

It is not easy to say something relevant when it comes to comments the legacy of a prominent economist .Thus, maybe it is better to side step. But ,I am an economist just like Paul Samuelson. Sure, I am not a genius like him ,but I am fully capable of understanding the magnitude of his legacy . I studied with his books, my basic notions of economics.Like many other great economist once they pass

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-69657848202607330132009-12-17T11:10:00.000-08:002009-12-17T11:11:45.589-08:00

As long as we get close to the next decade it is time to evaluate this one. This decade has been a mixed one. Extraordinary events on the economics ,social, politics, technological and environment side , has made it a unique period of innovation, progress but also the natural stress arising because of passing from one stage to another . Let take a closer look to some of these variables:a.-

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-60974691316018477202009-12-04T10:10:00.000-08:002009-12-04T10:21:36.123-08:00

On september the 6th, the 2009 Nobel laureate in economics Paul Krugman, wrote on his column (http://www.nytimes.com/) about two different economist groups. Those from the west (freshwaters),and those from the east (Saltywaters) .Both groups , have in common only the basic framework which the economics science is build upon: This is the economy is more often than expected out of its long run

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-67167588007427346232009-11-13T05:04:00.000-08:002009-11-13T05:08:10.973-08:00

In the sixties (1968) ,Brazil was among the top ten world economies. It was an industrial power based on public policies designed to support industrialization . Unfortunately, that experience ended up with inflation, fiscal deficit and higher poverty. Brazil missed that opportunity but the seeds were already on the field for the following years. Infrastructure, technology (Brazil has developed

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-57856425970003274262009-10-30T12:43:00.001-07:002009-10-30T12:47:20.527-07:00

The month of November will be full of activities around the world concerning entrepreneurship .Between November 16th and 22nd, there will be events world wide to discuss the nature ,implications ,and prospect of entrepreneurship. What is the meaning of entrepreneurships?. In a nutshell, means an attitude toward opportunities arising both from internal and external markets forces. The

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-54542337940803195022009-10-15T05:57:00.000-07:002009-10-15T06:00:05.458-07:00

Climate change threat : A requirement for a more efficient use of resources.The whole world is looking for better answers to climate change. Copenhagen will be at the core of the matter next December , when the industrial and emerging economies will start to work at it. Let make a short introduction to the state of the art.Although it seems an urgent issue ,which suggest that nobody care about it

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-81848890275725595732009-10-02T07:30:00.000-07:002009-10-02T07:36:53.344-07:00

Following Paul Johnson, Politics and politicians became important after WW II, because there were important issues to solve peacefully among different partners. The negotiation table was the new scenario, to solve what the battle field left unsolved. These days, the global financial crisis and its impact , is the equivalent to the economic battle field , and also there are important issues

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-34837147038783826602009-09-18T08:26:00.000-07:002009-09-18T08:28:20.859-07:00

The role of macroeconomic policy , is key to have a strong impact on the economic recovery . According to the IMF paper ,(WP/09/183, august 2009), a 1% of GDP increase in fiscal deficit imply a 0,12% increase in the post recession GDP rebound. On the other side, expansionary Monetary policy is also a powerful tool in industrial countries ,for economic recovery. In fact ,a 10% increase in the

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-37512532372063003872009-09-04T12:16:00.000-07:002009-09-04T12:19:56.254-07:00

A recent IMF paper (WP/09/183) , “International evidence on recovery from recessions”, (august 09)written by V. Cerra, U. Panizza and S. Saxena, analyzes the evidence concerning the main characteristics arising from past recoveries ,with data spanning 1960 to 2005 .The first notion to take into account ,is that not all recoveries have the same profile although at fist glance, it might look so. It

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-53036773082276074572009-08-22T18:32:00.000-07:002009-08-22T18:35:35.171-07:00

While the global economy was booming ,the world trade flows by sea ,were unstoppable ,so it was with the shipping industry including both containers cargo ( 500 million containers were transported in 20008 throughout the world), and ship building ( the cargo capacity increased from 4 millions TEU in the year 2000, to 12,5 today. Source http://www.spiegel.de/, august 11,2009) ).All of the sudden ,

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-69647038581647204082009-08-07T10:02:00.000-07:002009-08-07T10:14:50.756-07:00

While the economy is moving throughout the second half of 2009, it looks highly probably that sooner than later this year , the NBER will call for the end of the USA economy recession(chart Nº 2. Source http://forecast.org/) ) . Based on recent data (exports recovery, slight decrease in unemployment compensations claims , profit level in some key sectors, revival of the financial sector, prices

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-39139319636017596722009-07-24T11:39:00.000-07:002009-07-24T11:58:13.851-07:00

With 40% of world population, and 25% of world GDP, the BRIC group is increasingly considered as the key new economic global partner. The BRIC group , which includes Brazil, Russia, India and China, has arrived to the world stage apparently to works with a different approach , specially concerning the currency for international operations. They do not fully trust the dollar, as the only reference

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-30803241354800155502009-07-10T09:35:00.000-07:002009-07-10T09:43:36.657-07:00

Private Capital flows is a key variable, to support the economic growth of countries which can not count on domestic financial resources, due to the weakness of domestic capital markets to increase saving. However, these flows are both risk averse and with high sensitivity to any wrong doing on domestic economic policy matters, such that emerging economies actually have to cope with two crisis at

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-33463198315629797332009-06-26T10:21:00.000-07:002009-06-26T10:24:05.670-07:00

While the financial markets wonder about the shape the economic recovery would look like, it seems to be a fact that employment will be behind the fundamentals. To get a better approach to the problem, let assume some scenarios for the expected economic recovery:a.- From a “L” shaped recession ,to a kind of “F” shaped recovery. It is unlikely that the whole industrialized world and

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-14408894066790460742009-06-12T15:05:00.001-07:002009-06-12T15:08:05.350-07:00

While Oil prices have increased by 75% since February 2009, wheat and others agricultural products , have increased by 25% as well .Thus the question about whether it is a trend for higher future prices, signalling a better chance of robust economic recovery , or it is the result of the speculative forces about these goods, as long as they might be used as financial assets, deserves to be

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-24789397746301839742009-05-29T08:37:00.001-07:002009-05-29T08:41:03.877-07:00

Latin America economies and its policy makers , are like the rest of the world trying to figuring out the way to minimize the losses arising from the current global financial crisis .Some countries are in a better institutional shape than others. According to a recent “Stress time competitiveness index “, the top of the list about this test, includes Denmanrk (which scores the maximum 100),

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-30845376467570000712009-05-14T19:30:00.000-07:002009-05-14T19:35:07.275-07:00

Part of the discussion about the current economic crisis ,is still based on upon who to blame for it. But the important issue goes beyond the one to keep accountable, it deals with the nature of free markets economies. Some Classical economists ,used to blame the capitalist accumulation behavior as a key source for business fluctuations and economic crisis, as long as it was based on credit

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-68387806121883687032009-05-01T09:02:00.000-07:002009-05-01T09:12:00.600-07:00

An interesting paper “Financial Stability frameworks and the role of Central Banks: Lesson from the crisis” . Erlend W Nier IMF, april 2009 (Wp/09/70),explores quite accurately the implications for Central Banks about including the financial stability parameter within its policy reaction function.So far, it is usual for Central Banks to consider within its policy reaction function ,only real

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-13850875666049165752009-04-17T09:32:00.000-07:002009-04-17T09:39:29.887-07:00

While the discussion about the current global economy crisis goes on, there are tough evaluations about the implications of Central Bank decisions concerning interest rate, in the previous years (2001-2005). In particular, the effect of a longer than necessary easy monetary policy, applied in the USA economy after 2001, and how it ignited the housing bubble. On this regards some annalist have

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-91067848966914439522009-04-03T09:51:00.000-07:002009-04-03T09:58:51.690-07:00

Schumpeter said ,behind every economic crisis ,there is also historical forces explaining them , such that a better understanding of its causes, requires models more complex than those based on a partial equilibrium , which do not includes qualitative variables . Thus, in the current situation, of global economic crisis , the historical factor it might be related to the anticipated transition

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-1534211883759244722009-03-20T09:56:00.000-07:002009-03-20T10:05:21.258-07:00

Schumpeter made a case connecting economic cycles, with the optimizing nature of industry behaviour .Behind every economic crisis , or any period of economic progress, lies the dynamic of industry specially when it has lost its equilibrium path, which it happens with the end of an innovation cycle .How is it possible for an industry to miss the equilibrium path, and as a consequence to get the

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-48374303819675435852009-03-06T09:16:00.000-08:002009-03-06T09:24:28.519-08:00

.Every country has different economic cycle pattern, which influences the economic tools to apply .New available macroeconomic models, integrate both fiscal and monetary policy, to evaluate the impact of a joint interaction to get the economy back on the stable growth path once a shock occurs, either from demand or supply side. On this regard, it appears a new element due to the volatility trade

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-36334830508564501632009-02-20T07:15:00.000-08:002009-02-20T07:18:36.362-08:00

These days of economic crisis, Governments have become the only source of expenditures. Consumers and firms alike, are evaluating its future prospects based on their markets behavior expectations , concerning employment, production and inventory respectively. Government looks like it is above those concerns, because it does not face such a constraint for its actions , other than politics one .

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-86303326645185136402009-02-06T07:18:00.000-08:002009-02-06T07:20:42.662-08:00

It has been an usual comment these days, about that Davos gathering, did not provided answers to the current global economy crisis. However, what it started as an academic forum ,can not all of the sudden become a platform for economic policy implementation. Taking a broader view , Davos probably helped to pave the way building consensus, for what it is the next meeting on April this year, which

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-51422141227564837892009-01-16T10:02:00.000-08:002009-01-16T10:09:36.698-08:00

It has been said by different news media ,how important were new sources of communication and information technology during the 2008 Presidential election in the US. Cell phones, e; mails, black berry, Blogs , You tube ,and web pages all of a sudden, has become discovered by politicians who need to get closer to voters ,but very often they fall short of keeping it just like an unfulfilled promise

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-2984244824922285442008-12-26T05:18:00.000-08:002008-12-26T05:29:34.984-08:00

A recent report by the United States Geological services, published by The Washington Post (http://www.washingtonpost.com/) on December 25th ,indicate how severe the global warming problem is expected to be, toward the end of this century. It says for instance, that the global sea level, will rise by 4 feet , instead of the previously 1,5 feet estimated .Besides it states that previous research,

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-7918620029267179792008-12-13T13:18:00.000-08:002008-12-13T13:21:42.450-08:00

A recent World Bank report concerning global warming, assumes that Latin America countries have a very good chance to take the lead among the third world , to pursue a strong strategy to reduce its carbon dioxide emissions, actually 24% above world average .Even so, between 2005 and 2030, the expected carbon dioxide emission by Latin American countries, will be up by 33% above world average as

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-21180212188941644582008-11-29T15:06:00.000-08:002008-11-29T15:14:04.142-08:00

Let assume that the value of the stock in a firm depends on observable signal (s),and unobserved random variable (e).Thus ,the value of the stock is given by v= s + e. Therefore the effective (expected) price is p = v .The better the signal the higher, the price. Besides, price itself must include all the information available.Now consider a market with two types of investors: well

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-92109323483873947062008-11-15T11:19:00.000-08:002008-11-15T11:22:52.136-08:00

There is a discussion about the implications (the day after),for the future of capitalism , of the current financial crisis. There is the notion that whether it was a failure ,it was only a Government one. This way ,seems for some analyst specially in Latin America, the best one to protect the future of capitalism .No matter the intentions ,the fact of the matter is that both markets and

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-26854363402505835632008-10-25T19:14:00.000-07:002008-10-25T19:21:34.981-07:00

The current financial unstable situation will last some time , as its effects on the real economy will become evident in the months ahead. However, much of the discussion about its long lasting impact has already begun. On this regards, there are some key important issues which might be important to keep in mind:a.. This crisis is not the first ,and it will not be the last one ,following the

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-59411372008461206732008-10-11T17:39:00.000-07:002008-10-11T17:42:45.640-07:00

Since mid September, the financial markets has been under severe stress , due to the uncertainty arising about the lasting impact of the mortgage sub prime markets default in the US..Although expected for some , and unexpected for others (unfortunately the most), this crisis ( the most severe since the last depression (1929), will teach quite a lot of lessons concerning key variables concerning

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-61496270907306280302008-09-20T13:31:00.000-07:002008-09-20T13:34:03.434-07:00

The nineties were years of a very active economic compromise between the US economy and Latin America ones. NAFTA, (1991)which included Canada ,Mexico and the US was a breaking point in the long run trend of dependency , as much as for the first time in history , Latin America was considered a trustable official commercial partner, allowing these economies to waking away from the traditional

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-29961027605778464922008-09-06T13:59:00.000-07:002008-09-06T14:05:55.940-07:00

Like most of the fellows of my generation ,I grew up with the notion that the economic condition of Latin America was strongly influenced by the USA economy outcomes, as the main engine of regional economic growth, but also as the main source of Latin America economic dependence . A big deal about it, (I mean the dependence issue ,not my belief), was the motivation of politicians and economists

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-36842809168289678492008-08-23T09:54:00.000-07:002008-08-23T09:56:46.653-07:00

It is usual for most of us to get fresh water any time we need. A plain glass of water, seems to be most basic action at no monetary cost. We have not realized yet that such a simple need ,is also in danger of become very expensive. Would anyone imagine taking water pills?.2500 scientist, politicians , and delegates from 140 countries ,are debating about the rational use of water.

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-41453984820439485342008-08-09T17:54:00.000-07:002008-08-09T17:57:30.082-07:00

The evaluation of the recent Doha Free Trade talks outcomes , the winners are: Governments, farmers, Protectionism policies support. Among the losers are: agricultural exporting countries, less developed countries, industry, services, and cotton producers. Thus, at first glance it seemed that the chances for account that the cost of failure(more losers) was higher than its benefits(less winners).

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-4410533985017654012008-07-19T14:53:00.000-07:002008-07-19T15:10:31.827-07:00

Why do people emigrate ?. There are some key non economics factors which explain migration flows. Let take a look at them:v Social factors. It refers to the desire of migrants to break away from domestic constraint whatever they might be.v Cultural factors, It includes the safety net provide in most advanced countries, which give a better sense of protection and better living standard

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-20680713150309214032008-07-04T12:28:00.000-07:002008-07-04T12:37:23.326-07:00

Although Latin America Immigrants are not a key variable of the problem,(8 million of illegal immigrant in Europe),it has been quite a shock for policy makers in Latin America, the new immigration policy framework, set by European authorities mostly concerned to both North African, and eastern Europeans illegal flows. However, Latin America immigrants in Europe represent a good source of

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-1183052302595334492008-06-20T08:52:00.000-07:002008-06-20T08:57:17.338-07:00

It is usual to read comments concerning the environment conservation ,concerning the way people should behave or feel ,in such a way that the positive externality of either behavior or feelings , turns out to be an higher self consciousness when it comes to deal with the challenge of improving our understanding about environment.Most of the key players on the issue, agree that

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-49042754797300691942008-06-06T08:18:00.000-07:002008-06-06T08:26:48.117-07:00

Is it the State some how the enemy of well being of society?, or is it the case that the State ,has been capture by special interest groups ?.Who are these groups? Politicians?, public management staff who serve their own interest, rather than those of the one they should be serving? .These questions, are at the core of the issue of efficiency of fiscal policy.Let give more attention to it.

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-14510208200243254532008-05-16T09:31:00.000-07:002008-05-16T09:32:29.451-07:00

According to Latin America economic outlook 2008,tax and transfers reduce inequality by 15 Gini points in OECD countries while in Latin America, it reduces the equivalent of just 2 gini points. On the other side, fiscal induced reduction in inequality is eight time smaller in Latin America than in Europe. These are some of the key ideas mentioned recently in an article signed by Javier

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-55917383453458065562008-05-09T09:37:00.000-07:002008-05-09T09:40:25.131-07:00

Between the years 1990 -2000, wages increased faster in high skilled occupations, than low skilled occupations. Therefore there is a widening gap between those two labour skill segment with further implications, such as increasing inequality, higher pressure on educational system to improve its ability to respond to labour market requirements, and social tensions between the winners and losers of

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-3002837053835360192008-05-02T13:15:00.000-07:002008-05-02T13:17:15.151-07:00

What is the meaning of labour day , in the XXI century?: Well, perhaps May the 1st, means much more today than it has been usual to think about . Globalization has been mainly driven by capital accumulation, which seek lower cost to get higher capital return. The economic foundation of the globalization process is quite clear ,as it is the fact that the necessary complementary labour

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-32364540705144108782008-04-11T09:39:00.000-07:002008-04-11T09:53:14.633-07:00

It is true that lower taxes reduces the incentives(benefit) of not paying them, which imply that tax payers have to pay higher cost for not paying lower taxes. As a result tax revenues increases because of better tax compliance. However, the question whether lower taxes really means increases in tax revenue , also becomes a practical matter concerning the management technology , the IRS or for

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-34608276177995458512008-04-04T12:15:00.000-07:002008-04-04T12:20:55.604-07:00

Supply side economics although controversial , it was supposedly to be a key development on macroeconomic policy design .Was it so ?. Most of the policies analysis and applications in the second half of the twenty century, has been a kind of solving aggregate demand problems. Keynes, Friedman, Tobin, among others XX th century economist, were all aggregate demand economist. The first two,

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-53618424044722509592008-03-28T08:19:00.000-07:002008-03-28T08:23:06.347-07:00

Internet is expected to have a lasting impact on society, but we still do not know the full strength of it. However, one thing for sure is that any way to limit its effect, will means costs higher than the benefit. Let analyze this assessment in more details. So far, both global society (global village) and global economies seems to move, pretty much up to the pace internet has settled, in terms

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-28911197281934345262008-03-14T08:34:00.000-07:002008-03-14T08:47:44.458-07:00

Since it was widely available for world audience a few years ago, internet has had a deep impact on the way of life around the world ,such that it is not possible to assume a situation without it. How can that impact be explained?. Internet is a communication revolution which allow people to be themselves, to speak out their fears and hopes to a world audience with no real involvement, because it

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-75508209325771091702008-03-11T08:09:00.000-07:002008-03-11T08:12:05.766-07:00

Galeria de Fotos

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-33406483738027011442008-03-07T08:04:00.000-08:002008-03-07T08:19:43.968-08:00

After the nineties most of the Latin America countries, followed a turn to the left, probably searching a new path more socially inclusive to guarantee Governance and democratic stability,not necessarily because of markets failure but more so because of lack of adjustment in the instituional framework to allow markets to work properly.Governance and social inclusion are legitimate objective which

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-25884240888631720892008-02-29T11:18:00.000-08:002008-02-29T11:23:28.370-08:00

It seemed like everything changed, to keep everything as usual. The State is still considered to be the champion of social welfare and protection. It has kept for itself the monopoly of such values, applying high entry barriers to private sector in case they want to go into those areas. Let take some examples, Public health infrastructure, public transportation (subways),and Education are

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.comtag:blogger.com,1999:blog-15927458.post-28468050837566636542008-02-22T10:01:00.000-08:002008-02-22T10:06:23.170-08:00

Where Latin America economies are headed to these days ?.This question seems quite relevant after the adjustment process following the eighties lost decade, and the subsequent “Washington Consensus Policies” in the nineties. It looked like the “new economy” finally arrived to Latin America, so it was the expectations with Argentina, Brazil even Venezuela after its own experience with the effect

ewulfhttp://www.blogger.com/profile/16145166547561007242noreply@blogger.com