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Ecuador study: Implications of macroeconomic policy, external shocks and social protection systems on poverty, inequality and vulnerability in Latin America and the Caribbean. Ecuador, 1990-2006 – (Implicaciones de la política macroeconómica, los choques externos y los sistemas de protección social en la pobreza, la desigualdad y la vulnerabilidad. El caso del Ecuador, 1990-2006)

This report presents the results for the case of Ecuador. The document is presents a historical evolution of macroeconomic indicators in the country; the evolution and functioning of labor markets in Ecuador; analysis of the living conditions of population and social protection systems in the country today; a description of the computable general equilibrium model used in the project; simulations of macroeconomic shocks and public policy to analyze their impact on poverty and inequality; and the main conclusions and policy recommendations.

Nicaragua study: Implications of macroeconomic policy, external shocks and social protection systems on poverty, inequality and vulnerability in Latin America and the Caribbean. Nicaragua – (Implicaciones de la política macroeconómica, los choques externos y los sistemas de protección social en la pobreza, la desigualdad y la vulnerabilidad en América Latina y el Caribe. Nicaragua)

This study describes how Nicaragua being a small open economy is vulnerable to the events of the international economy. After a review of historical data, general equilibrium analysis and application of microsimulation methodology, the study concludes that the external shocks that have had a greater impact on poverty, inequality and vulnerability of Nicaraguan households have been those related to the reduced flow of remittances, the increase in world oil prices and lower capital inflows.

Mexico study: Implications of macroeconomic policy, external shocks and social protection systems on poverty, inequality and vulnerability in Latin America and the Caribbean. Mexico – (Implicaciones de la política macroeconómica, los choques externos y los sistemas de protección social en la pobreza, la desigualdad y la vulnerabilidad en América Latina y el Caribe. México)

This study presents the effects of the economy based on macroeconomic events that affected the Mexican economy in the last two decades. The observed results indicate that a reduction in world prices of major export goods, an increase in global food prices and a drop in remittance income, would cause the most damage in the main macroeconomic indicators, labor market and poverty. It also simulates and analyzes the five public policies relevant social protection that could cope with these shocks.

Strengthening International Support Measures for the Least Developed Countries

The Policy Note takes stock of the nature of the financial, technical and institutional support and preferential trade-related treatments that have been provided to LDCs. It provides an assessment of how useful these existing support measures have been and identifies ways in which they can be made more effective.

Columbia study: Implications of macroeconomic policy, external shocks and social protection systems on poverty, inequality and vulnerability in Latin America and the Caribbean. Colombia – (Implicaciones de la política macroeconómica, los choques externos y los sistemas de protección social en la pobreza, la desigualdad y la vulnerabilidad en América Latina y el Caribe. Colombia)

This study describes how the last decade of the twentieth century was characterized by strong macroeconomic volatility in Latin American economies. In general, the reforms imposed in the early nineties increased flows of entry and exit of goods and capital and also made the economies vulnerable to external shocks. The study presents two toold necessary to define a suitable methodological framework that takes account of all areas, macroeconomic and microeconomic vulnerability .These are a Computable General Equilibrium Model (CGE) and microsimulation analysis.