Regional Spillovers from the Venezuelan Crisis

Regional Spillovers from the Venezuelan Crisis
Author: Jorge Alvarez
Publisher: International Monetary Fund
Total Pages: 61
Release: 2022-12-05
Genre: Business & Economics
ISBN:

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As a new migration crisis is unfolding in Europe because of the war in Ukraine, the purpose of this paper is to also highlight the ongoing migration crisis in Latin America and the Caribbean (LAC) due to Venezuela’s economic collapse. The stock of Venezuelan migrants reached 5 million in 2019, most of which had settled in other LAC countries. Following a temporary halt during the pandemic, migration from Venezuela has resumed, with the stock of migrants reaching 6.1 million in 2021. These migration flows are expected to continue in the coming years, which can strain public services and labor markets in the recipient economies in LAC. This Departmental Paper focuses on migration spillovers from the Venezuelan economic and social crisis. It sheds light on how migration can raise GDP growth and affect fiscal and external positions in host countries. It also discusses policy options, including greater support for education and integration into the workforce, which could help migrants find jobs to match their skills and help raise growth prospects in recipient countries.

Venezuelan Migration Crisis Puts the Region's Democratic Governability at Risk

Venezuelan Migration Crisis Puts the Region's Democratic Governability at Risk
Author: Víctor M. Mijares
Publisher:
Total Pages: 13
Release: 2018
Genre:
ISBN:

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Abstract: As Venezuela has become increasingly authoritarian and its population more and more impoverished, one of the largest waves of migration in the Western Hemisphere has been the consequence hereof. Since 2014, some 2.3 million Venezuelans have fled the country. The politicisation of Venezuela's state-owned oil company, Petróleos de Venezuela (PDVSA), has led to a 50 per cent drop in production since 2013. As a result, oil revenues have become insufficient to maintain the petro-state and its society, generating shortages that have forced millions to emigrate. Venezuela's mass exodus is affecting neighbouring countries - namely, Colombia, Ecuador, Peru, and Brazil. This humanitarian crisis is increasingly putting democratic governability in South America at risk, at a moment when the capacity for regional governance has reached a new low. The Venezuelan crisis has triggered a political division within Latin America. The Union of South American Nations (UNASUR) has virtually disintegra

Global Economic Prospects, January 2016

Global Economic Prospects, January 2016
Author: WorldBank
Publisher: World Bank Publications
Total Pages: 286
Release: 2016-01-21
Genre: Business & Economics
ISBN: 1464806764

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The January 2016 edition of Global Economic Prospects discusses current global and regional economic developments and prospects, analyzing key challenges and opportunities confronting developing countries. This volume addresses, among other topics, spillovers from large emerging markets and macroeconomic vulnerabilities during resource development. Global Economic Prospects is a World Bank Group Flagship Report. Semiannually (January and June), it examines global economic developments and prospects, with a special focus on developing countries. The report includes analysis of topical policy challenges faced by developing countries through in-depth research in the January edition and shorter analytical pieces in the June edition.

Regional Economic Outlook, April 2018, Western Hemisphere Department

Regional Economic Outlook, April 2018, Western Hemisphere Department
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Total Pages: 134
Release: 2018-05-11
Genre: Business & Economics
ISBN: 1484339878

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The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018–19 have improved across all regions, reinforced by the expected positive near-term spillovers from tax policy changes in the United States. Accommodative global financial conditions, despite some tightening and market volatility in early February 2018, have been providing support to economic recovery. Higher commodity prices are contributing to an improved outlook for commodity exporters. The US and Canadian economies posted solid gains in 2017 and are expected to grow above potential in the near term. Despite the improved near-term outlook, however, medium-term prospects are tilted downwards. Growth prospects for advanced economies are subdued and many emerging market and developing economies are projected to grow in per capita terms more slowly than advanced economies, raising concerns about income convergence. While risks appear broadly balanced in the near term, they skew to the downside over the medium term, including a possible sharp tightening of financial conditions, waning popular support for global economic integration, growing trade tensions and risks of a shift toward protectionist policies, and geopolitical strains.

Ecuador

Ecuador
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Total Pages: 98
Release: 2019-12-20
Genre: Business & Economics
ISBN: 1513523864

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This paper discusses Ecuador’s Second and Third Reviews Under the Extended Fund Facility Arrangement and Request for a Waiver of NonObservance and Modifications of Performance Criteria. The Ecuadorian authorities have continued to make progress in strengthening the country’s fiscal and external positions and have appropriately recalibrated their economic program to include a more moderate fiscal consolidation and international reserves’ paths in response to recent developments and to protect pro-poor growth and social spending. Public financial management reforms are paramount to secure fiscal sustainability in the longer term. The reform of the central bank aimed at strengthening central bank autonomy, accountability, and governance will be instrumental in supporting the dollarization regime, boosting reserves, and ensuring their prudent management. Efforts to raise competitiveness should continue to focus on improving transparency, strengthening governance, increasing efficiency of the public sector, and creating conditions in the labor market to facilitate hiring and female participation.

Macroeconomic Shocks and Conflict

Macroeconomic Shocks and Conflict
Author: Patcharaporn Leepipatpiboon
Publisher: International Monetary Fund
Total Pages: 42
Release: 2023-03-17
Genre:
ISBN:

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Macroeconomic Shocks and Conflict

The Palgrave Handbook of South–South Migration and Inequality

The Palgrave Handbook of South–South Migration and Inequality
Author: Heaven Crawley
Publisher: Springer Nature
Total Pages: 768
Release: 2023-12-27
Genre: Social Science
ISBN: 3031398149

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This open access handbook examines the phenomenon of South-South migration and its relationship to inequality in the Global South, where at least a third of all international migration takes place. Drawing on contributions from nearly 70 leading migration scholars, mainly from the Global South, the handbook challenges dominant conceptualisations of migration, offering new perspectives and insights that can inform theoretical and policy understandings and unlock migration’s development potential. The handbook is divided into four parts, each highlighting often overlooked mobility patterns within and between regions of the Global South, as well as the inequalities faced by those who move. Key cross-cutting themes include gender, race, poverty and income inequality, migration decision making, intermediaries, remittances, technology, climate change, food security and migration governance. The handbook is an indispensable resource on South-South migration and inequality for academics, researchers, postgraduates and development practitioners.

South American Policy Regionalism

South American Policy Regionalism
Author: Leslie Elliott Armijo
Publisher: Taylor & Francis
Total Pages: 231
Release: 2024-09-30
Genre: Political Science
ISBN: 1040130259

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“Regional cooperation exists, but looks different in the global South than in the European Union,” claim the contributors to South American Policy Regionalism, which offers novel theory, methods, and Latin American case studies of joint governance efforts in nine international policy arenas, ranging from illegal drugs to artificial intelligence. Contrasting three major schools of thought in international relations (highlighting power, institutions, and ideas), this book introduces the idea of international policy regionalism as a framework for informed debate about international policy-sector interactions in a regional space. Beginning with a conceptual approach applicable to any world region, it includes a brief history of Western Hemisphere regionalism to aid in future cross-regional comparisons. An international group of contributors constructs rich narratives of the politics of Latin American policy sector evolution since the Cold War. Besides the aforementioned, included sectors span regional development banking, infrastructure planning, electricity distribution, migration governance, climate action, neglected tropical diseases, and food policies. This volume equips readers from various academic disciplines and the policy world to understand the relevance of core international relations theory for the analysis of policy sectors that cross national borders, both within Latin America and elsewhere, and especially throughout the global South.

The Macroeconomic Effects of Large Immigration Waves

The Macroeconomic Effects of Large Immigration Waves
Author: Philipp Engler
Publisher: International Monetary Fund
Total Pages: 19
Release: 2023-12-15
Genre: Business & Economics
ISBN:

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We propose a novel approach to measure the dynamic macroeconomic effects of immigration on the destination country, combining the analysis of episodes of large immigration waves with instrumental variables techniques. We distinguish the impact of immigration shocks in OECD countries from that of refugee immigration in emerging and developing economies. In OECD, large immigration waves raise domestic output and productivity in both the short and the medium term, pointing to significant dynamic gains for the host economy. We find no evidence of negative effects on aggregate employment of the native-born population. In contrast, our analysis of large refugee flows into emerging and developing countries does not find clear evidence of macroeconomic effects on the host country, a conclusion in line with a growing body of evidence that refugee immigrants are at disadvantage compared to other type of immigrants.

Armed Conflict Survey 2023

Armed Conflict Survey 2023
Author: The International Institute for Strategic Studies (IISS)
Publisher: Taylor & Francis
Total Pages: 342
Release: 2023-12-06
Genre: Political Science
ISBN: 1040015387

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The Armed Conflict Survey 2023 provides an exhaustive review of the political, military and humanitarian dimensions of active armed conflicts globally in the period from 1 May 2022–30 June 2023. The review is complemented by a strategic analysis of regional and global drivers and conflict outlooks, providing unique insights into the geopolitical and geo-economic threads linking conflicts regionally and globally, as well as into emerging flashpoints and political risks to monitor. This edition’s regional-focused approach also includes Regional Spotlight chapters on selected key conflict trends of regional and global importance. Reflecting the growing significance of geopolitical factors in shaping current conflict trends across the world, The Armed Conflict Survey 2023 features the third edition of the IISS Armed Conflict Global Relevance Indicator, which compares the global relevance of armed con□ icts in terms of their geopolitical impact, as well as their human impact and intensity. This edition also includes maps, infographics, key statistics and the accompanying Chart of Armed Con□flict.