Author: John Martins

Capital Openness and Income Inequality: Smooth Sailing or Troubled Waters?

The 2008 Global Financial Crisis and subsequent financial turbulence has triggered economists and policymakers to revisit the extent to which capital account liberalization is optimal for all countries at all levels of development. Liberalization is a positive step for financial development as it can increase risk-sharing within the domestic economy and smooth out domestic consumption, […]

China and Sustainable Development in Latin America: The Social and Environmental Dimension

By Rebecca Ray, Kevin P. Gallagher, Andrés López and Cynthia Sanborn Over the last decade, Latin American countries have enacted some of the most ambitious environmental and social protections in the world. But these hard-won protections faced their first serious test in the recent China-led commodities boom, as growth exploded in intrinsically-risky sectors like mining and […]