Development in the Americas

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Development in the Americas (DIA)
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Development in the Americas DIA, Better Spending for Better Lives cover

CountryUnited States
LanguageEnglish
Publisher Inter-American Development Bank
Published2018-09-16
Published in English2018-09-16
Media typeDigital
No. of books10
Website Publisher website

Development in the Americas (DIA) is the flagship publication series of the Inter-American Development Bank. Published annually, the report contains the results of research compiled over a span of two to three years related to economic development in Latin America and the Caribbean. Reports have included topics such as tax systems, education, public spending, childhood development, productive development policy, saving, information technology, productivity, and quality of life.

Contents

Development in the Americas 2018

The 2018 DIA, "Better Spending for Better Lives," analyzes government spending in Latin America and the Caribbean. [1] The research details widespread waste and inefficiencies that could be as large as 4.4 percent of the region’s GDP, suggesting there is room to improve services without increasing expenditures. [2] The report provides policy recommendations on how to improve the efficiency of government spending. [3] It argues against across-the-board cuts and suggests countries re-align their spending to meet priorities, including taking into account if given expenditures increase or decrease inequality. [4]

Development in the Americas 2017

The 2017 DIA, "Learning Better: Public Policy for Skills Development," documents the state of education in Latin America and the Caribbean, finding deficiencies in education which include years of completed schooling, educational attainment, academic achievement as measured by PISA scores, and equality in access to education. [5] These deficiencies in turn result in skills deficits that impede countries’ attempts to shrink a large informal sector and their efforts to participate in a knowledge economy. The report advocates increasing efficiency in educational spending and support of lifelong learning through apprenticeships and on-the-job training as well as formal education. [6]

Development in the Americas 2016

The 2016 DIA, "Saving for Development: How Latin America and the Caribbean Can Save More and Better," documents the longstanding problem of the region’s low savings rates, including domestic savings. The report identifies three systemic sources of low saving: small and inefficient financial sectors, private pension funds that fail to encourage adequate worker contributions, and governments’ tendency to favor current spending to the detriment of public investment. [7] In addition to systemic improvements, the report advocates the promotion of financial literacy to increase saving. [8]

Previous Reports 2008-2015

See also

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References

  1. "La ineficiencia del gasto público cuesta 220,000 mdd en Latinoamérica". Forbes (in Spanish).
  2. "Report reveals widespread waste, inefficiencies in C'bean gov't spending". Jamaica Observer. 24 September 2018.
  3. Linde, Pablo (24 September 2018). "El dinero público malgastado en América Latina bastaría para acabar con la pobreza extrema". El Pais.
  4. "Mientras presionan por aumentos, BID ratifica elevado gasto salarial del país" (in Spanish). ABC Color. 24 September 2018.
  5. "Skills for Development in a Changing World". The London School of Economics and Political Science. 4 October 2017.
  6. Eulich, Whitney (30 August 2017). "In Mexico, a rethinking of the skills taught at tech high schools". Christian Science Monitor.
  7. "Ahorrar Para Desarrollarse. Cómo América Latina y El Caribe puede ahorrar más y mejor" (in Spanish). Instituto Peruano De Economia. June 2016.
  8. "Ahorrar para desarrollarse". Ultim Ahora. 24 December 2016.