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 Also available in: Spanish

Institutions to make the state deliver in Latin America and the Caribbean

OECD Development Centre

This chapter puts forward recommendations and highlights ideas and best practices that can guide policy makers in redesigning the institutional framework of the state in Latin America and the Caribbean. It is divided into four parts. The first one analyses the importance of improving the rule of law to overcome some of the main challenges for building inclusive institutions in a context of policy capture, corruption, criminality and impunity. The second section analyses the administrative capacities that need to be strengthened to make states more efficient and effective to deliver their functions. The third part focuses on modernising states by making them more innovative and fostering the connection with citizens through open government initiatives. The final part gathers the main conclusions and policy recommendations for the region.

English Also available in: Spanish


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