Latin American Economic Outlook 2018

Rethinking Institutions for Development

image of Latin American Economic Outlook 2018

The Latin American Economic Outlook 2018: Rethinking Institutions for Development focuses on how institutions can underpin the foundations of a long period of sustained and inclusive growth and increased well-being. The report begins with an overview of the main macroeconomic challenges, analysing the complex macroeconomic context in the Latin American and Caribbean (LAC) region, and exploring policy options to boost potential growth, with a particular focus on trade. It then analyses the link between low trust and society’s disconnection and dissatisfaction  with institutions and a number of long-standing, structural features of the region as well as more recent, contextual dynamics that are shaping LAC’s economy, society and politics . In this respect, the report examines how the social contract can be strengthened in LAC, mainly through a state that delivers and responds to citizens’ changing demands, as well as through policies and institutions which provide good and equal socio-economic opportunities in a rapidly changing global context.

English Spanish


Dominican Republic

OECD Development Centre

The quality of government has remained fairly stable in the Dominican Republic (DR) during the past decade, as showed by the Quality of Government Index, measured by proxies of corruption, law and order, and bureaucracy quality. The country scored 0.32 in this index in 2015, slightly above 2005 (0.31), and well below the average of the LAC region (0.44) and the OECD average (0.78). Yet the majority of the population (55%) expressed trust towards the national government in 2016, greatly surpassing the regional average of 29% and the OECD average of 37%.

English Spanish

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error