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Latin America and the Caribbean’s Challenge to Reach the MDGs: Financing Options and Trade-offs

  • Rob Vos
  • Marco V. Sánchez
  • Cornelia Kaldewei

The present study analyzes the determinants of improving outcomes in education, health and basic sanitation and the macroeconomic trade-offs caused by scaling up public spending for the Millennium Development Goals (MDGs), using an integrated modelling approach. At variance with other assessments, the analysis shows that most countries in Latin America and the Caribbean are “off track” towards many of the goals. The study shows that while achieving the goals is affordable for most countries in the region, governments will need to put greater emphasis on tax reforms to mobilize resources for increased social spending while avoiding undesirable macroeconomic trade-offs.

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File URL: http://www.un.org/esa/desa/papers/2008/wp68_2008.pdf
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Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 68.

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Length: 48 pages
Date of creation: Sep 2008
Date of revision:
Handle: RePEc:une:wpaper:68
Contact details of provider: Web page: http://www.un.org/en/development/desa/working-papers.html
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  1. Francisco Rodríguez, 2006. "Have Collapses in Infrastructure Spending Led to Cross-Country Divergence in per Capita GDP?," Wesleyan Economics Working Papers 2006-013, Wesleyan University, Department of Economics.
  2. François Bourguignon & Mark Sundberg, 2006. "Constraints to Achieving the MDGs with Scaled-Up Aid," Working Papers 15, United Nations, Department of Economics and Social Affairs.
  3. Paul Glewwe, 2002. "Schools and Skills in Developing Countries: Education Policies and Socioeconomic Outcomes," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 436-482, June.
  4. Pierre-Richard Agénor, 1996. "The Labor Market and Economic Adjustment," IMF Staff Papers, Palgrave Macmillan, vol. 43(2), pages 261-335, June.
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