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Trust: The Key to Social Cohesion and Growth in Latin America and the Caribbean

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Abstract

La confianza es el problema más acuciante y, sin embargo, el menos abordado al que se enfrenta América Latina y el Caribe. Ya se trate de los demás, del gobierno o de las empresas, la confianza en la región es menor que en cualquier otra parte del mundo. Las consecuencias económicas y políticas de la desconfianza se propagan a toda la sociedad. La desconfianza reduce el crecimiento y la innovación: la inversión, la iniciativa empresarial y el empleo florecen cuando las empresas y el gobierno, los trabajadores y los empleadores, los bancos y prestatarios, así como los consumidores y productores confían unos en otros. Por otro lado, la confianza dentro de las organizaciones del sector privado y público es esencial para la colaboración y la innovación. La desconfianza distorsiona la toma de decisiones democrática. Impide que los ciudadanos exijan mejores servicios públicos e infraestructura, y que se unan entre sí para controlar la corrupción; asimismo, reduce sus incentivos para hacer sacrificios colectivos que benefician a todos. La buena noticia es que los gobiernos pueden aumentar la confianza ciudadana con promesas más claras sobre lo que los ciudadanos pueden esperar de ellos, con reformas del sector público que les permitan cumplir sus promesas y con reformas institucionales que refuercen los compromisos que los ciudadanos contraigan unos con otros. Este libro orienta a los responsables de la toma de decisiones en su esfuerzo para incorporar la confianza y la cohesión social en las reformas integrales necesarias para abordar los retos más difíciles de la región.

Suggested Citation

  • Keefer, Philip & Scartascini, Carlos, 2022. "Trust: The Key to Social Cohesion and Growth in Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 11771, November.
  • Handle: RePEc:idb:idbbks:11771
    DOI: http://dx.doi.org/10.18235/0003792
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    Citations

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    Cited by:

    1. Mariano Tommasi, 2023. "Latin America and the Caribbean in the first quarter of the 21st century. What should be reformed, what can be reformed, and how to think about it?," Working Papers 170, Universidad de San Andres, Departamento de Economia, revised Jul 2024.
    2. Rocco Macchiavello, 2022. "Relational Contracts and Development," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 337-362, August.
    3. Busso, Matias & Ibáñez, Ana María & Messina, Julián & Quigua, Juliana, 2023. "Preferences for redistribution in Latin America," LSE Research Online Documents on Economics 120687, London School of Economics and Political Science, LSE Library.
    4. Domínguez, Patricio & Scartascini, Carlos, 2022. "Willingness to pay for crime reduction: evidence from six countries in the Americas," IDB Publications (Working Papers) 12488, Inter-American Development Bank.
    5. Bonvecchi, Alejandro & Calvo, Ernesto & Otálvaro-Ramírez, Susana & Scartascini, Carlos, 2022. "The Effect of a Crisis on Trust and Willingness to Reform: Evidence from Survey Panels in Argentina and Uruguay," IDB Publications (Working Papers) 12359, Inter-American Development Bank.
    6. Vlaicu, Razvan, 2024. "Inequality Persistence and Policymaking Constraints: Explaining Regional Data Patterns," IDB Publications (Working Papers) 13546, Inter-American Development Bank.
    7. Altube, Matias Guizzo & Scartascini, Carlos & Tommasi, Mariano, 2023. "The political economy of redistribution and (in)efficiency in Latin America and the Caribbean," LSE Research Online Documents on Economics 120678, London School of Economics and Political Science, LSE Library.
    8. Ardanaz, Martin & Otálvaro-Ramírez, Susana & Scartascini, Carlos, 2023. "Does information about citizen participation initiatives increase political trust?," World Development, Elsevier, vol. 162(C).
    9. Borzino, Natalia & Fatas, Enrique & Peterle, Emmanuel, 2023. "In transparency we trust an experimental study of reputation, transparency, and signaling," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 106(C).
    10. Ardanaz, Martín & Otálvaro-Ramírez, Susana & Scartascini, Carlos, 2022. "Does Citizen Participation in Budget Allocation Pay? A Survey Experiment on Political Trust and Participatory Governance," IDB Publications (Working Papers) 12256, Inter-American Development Bank.
    11. Matias Spektor & Guilherme N. Fasolin & Juliana Camargo, 2023. "Climate change beliefs and their correlates in Latin America," Nature Communications, Nature, vol. 14(1), pages 1-11, December.
    12. Edgar Demetrio Tovar-García, 2023. "A note on institutional trust and poverty: evidence from Latin America," Economics and Business Letters, Oviedo University Press, vol. 12(4), pages 313-320.

    More about this item

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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