A new CEPR paper compares the performance of the Mexican economy with that of the rest of the region over the past 20 years, based on the available economic and social indicators, and with its own past economic performance. It finds that Mexico has experienced lagging growth, persistent poverty and increased unemployment.
A new CEPR paper describes how, contrary to claims by Spanish Prime Minister Mariano Rajoy that “there is no other alternative” to austerity, there are feasible policy changes that would allow Spain to increase growth and restore full employment by 2018 or even sooner, without increasing debt levels.
The recent trend of strong job growth continued in June, with the economy adding over 200,000 jobs for the 5th consecutive month. Job gains were broadly based across sectors, but even at this rate of job growth, it would still take 3 years for the economy to make up the jobs deficit from the onset of the recession. More in this month's Jobs Byte.
In their groundbreaking analysis of the private equity business model, Eileen Appelbaum and Rosemary Batt provide an unprecedented account of the inner workings of the private equity industry and the effects of leveraged buyouts on American companies and workers.
A new report by economists David Rosnick and Mark Weisbrot debunks the oft-cited 'commodities boom' explanation for Latin America's faster economic growth in recent years. Higher export prices allowed countries to avoid current account imbalances, but faster growth was achieved through other factors, such as successful macro-economic policy choices.