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Blog posts - 2018

The management of natural resource wealth is one of the most critical challenges posed to developing countries nowadays and it has been the case throughout history; from the diamonds of Sierra Leone to the oil of Venezuela, and the ivory of Tanzania. At least 40 percent of internal conflicts worldwide are linked to natural resources yet it would be far too simplistic to state that availability triggers conflict directly.  

Building Human Capital in Latin America

When regions of the world are compared in terms of long run economic growth, Latin America ranks at the bottom along with Sub-Saharan Africa. Countries in the region, in consideration of the Gini coefficient, are nearly 30% more unequal than the global average. Some 74 million Latin Americans (about 12.4% of the region’s population) live on less than $2 per day. Over half of them are children. And, in Brazil, children in the bottom income quintile complete an average of eight years of school versus over ten years completed by children in the top income quintile.

The literature on Economics and International Relations displays a heavy use of the term ‘Emerging Economies’, which is often associated with both developed and developing countries. Yet it has not been entirely accepted neither as an economic notion nor as a political one, mostly because the complexity in the dissimilar markets that integrate the emerging set  has cast doubt on the appropriateness of the term to encompass so much diversity.