We begin with a brief overview of Chilean firms responses to the globalization pressures originated by the economic liberalization in Chile since 1975 and in the rest of Latin America since 1985. One of these responses was the rise of Chilean outbound foreign direct investments across Latin...

The paper aims to communicate to the Latin American audience both factual evidence regarding the Asian experience, and the possible implications of this historical legacy for contemporary Latin American economic development strategies.

A labor supply and demand model is presented where three main determinants of the wage differential are investigated: trade openness, technology transfer and labor supply. Findings show that increased trade openness is related to reductions in wage differentials.

This paper tries to untangle the causes behind the recent real exchange rate overshooting events with particular attention paid to the Sudden Stop of capital flows, and also to the comparison across the two emerging markets, Asian and Latin America. We examine whether the sudden stop of capital...

Improved microfinance strategies in Peru have increased credit access for microentrepreneurs. To establish effective national credit reporting systems elsewhere in the region, ensured universal reporting cooperation, reliable identification, privacy and consumer protection are needed.

As the MFI industry matures, the necessity of dealing with foreign exchange risk becomes more urgent. Identifying possible solutions to foreign currency risk before they become a critical priority will give MFIs more options in the future.