The Economic Consequences of Covid-19 in Latin America
YSI Webinar series on the COVID-19
May 2020 - August 2020
The EDWG and LAWG launch their coverage of the Covid-19 economic consequences in developing economies
The Covid19 pandemic is a crisis of an unprecedented scale and nature. The measures imposed to mitigate the spread of COVID-19 are already beginning to tool on economic system across most of the economic. The impact is likely to be particularly severe for the developing economies, in particular for Latin America. This impact, however, are likely to vary according to the capacity and willingness of governments to provide fiscal stimulus. As a matter of fact, capital outflows to hegemonic countries (relaunching "flight to quality" episodes), along with the fall of exports (in quantities) and terms of trade (prices), has put the Balance of Payments of these economies in a precarious situation. Although the FED has lowered the interest rates and recreated the swap line for a number of foreign Central Banks (thereby, acting as a push factor of capital towards the peripheral countries), it, as has been evidence from the recent episodes of exchange rates devaluations affecting the developing world, is not expected to be enough.
In order to analyze these different aspects of the likely economic impact of the measures undertaken to mitigate the spread of the pandemic, the Economic Development and the Latin America WG is launching a webinar series on economic consequences of Covid19 in the region.
The first event with Matias Vernengo is available here: https://ysi.ineteconomics.org/project/5ea21729e03df84054462ebf/event/5ea225a3e03df840544632a2
The second episode hosting Numa Mazat can be accessed here: https://ysi.ineteconomics.org/project/5ec29b134450c86ec067dc49/event/5ec2b71f4450c86ec067e486
There are no upcoming events in this project.
16 Jun 2020
The Economic Consequences of Covid-19 in Mexico
UPDATE: due to some technical issues, the webinar had to be postponed. It will now happen Tuesday, June 16th, at 12:00. Following up the two previous webinar on the Economic Consequence of Covid-19 in Latin America, the Economic Development WG and the Latin America WG are happy to announce yet another episode of this series. In this meeting, we will host Professor Juan Carlos Moreno Brid on the effects of the crisis in Mexico. Juan Carlos Moreno Brid is currently Professor at the Economics Faculty in UNAM, Mexico. Previously he was Associate Director and Research Coordinator of the UN’s office In Mexico of ECLAC (Economic Commission For Latin America And The Caribbean) and Research Associate at the David Rockefeller Center for Latin American Studies in Harvard University. He completed his PhD at Cambridge University, and publishes extensively on the economics of Latin America in international journals and editorial houses, including Development and Growth of the Mexican Economy: A Historical Perspective (Fondo de Cultura Económica, 2014; Oxford University Press 2009); Políticas De Desarrollo Productivo En Mexico (Ilo, 2019); Cambio estructural y crecimiento en Centroamérica y República Dominicana (CEPAL, 2014). References Mexico’s Road to a Green New Deal (with Kevin Gallagher): https://www.networkideas.org/wp-content/uploads/2020/05/NACLA-52.pdfThe demise of neoliberalism in Mexico today if so, so what : https://www.networkideas.org/featured-articles/2019/04/the-demise-of-neoliberalism-in-mexico-today-if-so-so-what/La estrategia de AMLO “empuja al país al abismo” (interview, in Spanish): https://www.proceso.com.mx/631329/la-estrategia-de-amlo-empuja-al-pais-al-abismoDos escenarios para la recuperación económica de México (Antonio Rojas): https://www.economia-latinoamericana.com/post/dos-escenarios-para-la-recuperaci%C3%B3n-econ%C3%B3mica-de-m%C3%A9xicoLearn more
1 Jul 2020
Finance in developing countries and COVID crisis: What’s going on in Mexico
Following up the previous webinars on the Economic Consequence of Covid-19 in Latin America, the Economic Development WG and the Latin America WG are happy to announce yet another episode of this series. In this meeting, we will host Professor Noemi Levy Orlik on the financial effects of the crisis in Mexico. Noemi Levy Orlik is currently a professor at the Economics Faculty at UNAM, in Mexico. She has been working at UNAM for more than 35 years teaching in the bachelor, master and PHD Economic programs. She has been awarded with Premio Universidad Nacional en Docencia en Ciencias Económicas y Administrativas, 2014 (most important of UNAM teaching award, in her field), the Reconocimiento “Sor Juan de Inés de la Cruz”, (for the most outstanding women researcher in her university, 2019) and she belongs to the Mexican National Research Council (CONACYT-SNI). She specializes in issues regarding financial macroeconomics, monetary theory and policy, Latin American development studies, and international monetary analysis. Her research activities are extensively published in international and Mexican journals and editorial houses. The latest book she has published are “América Latina movimiento de capitales y su efecto sobre el modelo liderado por las exportaciones” Economic Faculty UNAM (2019), “Financialisation in Latin America. Challenges of the Export-Led Growth Model”, Routledge, (2018) “The financialization response to economic disequilibria: European and Latin American Experiencies, Edward Elgar publishing, 2016Learn more
9 Jul 2020
COVID-19 and the Unbearable lightness of being of the economist
UPDATE: the webinar had to be postponed. It will now happen Thursday, July 9th, at 12:00 ET. In the next edition of the Economic Consequences of Covid-19 in Latin America series, we take a theoretical perspective on the pandemic with Esteban Perez Caldentey. He will reflect upon the Mainstream interpretation of the Coronavirus and its implications for the economic theory. Esteban Pérez Caldentey holds a Master (1989) and PhD (1996) from the New School for Social Research (NY, USA) and is currently Chief of the Financing For Development Unit at the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. He also teaches a course on Alternative Economic Models with Applications to Latin America at the University of Santiago de Chile (USACH) and taught Post Keynesian Economics at the University of Chile. He is a member of the Editorial Board of Investigación Económica (UNAM, México), the International Journal of Political Economy (USA) and the Review of Keynesian Economics (USA) and also a co-editor of the World Economic Review.Learn more
21 Jul 2020
The fragility of the Colombian economy in times of coronavirus
Our next episode of the webinar series will host Prof. Diego Guevara from Bogotà, who will share us some thoughts on the fragility of the Colombian economy in the wake of the pandemic. Diego Alejandro Guevara Castañeda is Assistant Professor in Macroeconomics at the National University of Colombia (Universidad Nacional de Colombia, UNAL), from which he also holds a Ph.D. in Economics. He carries out research mainly in Heterodox Macroeconomics, Financialization, SFC Modelling and History of Economic Thought. He was visiting professor at the International Business Administration Europa-Universität Viadrina, visiting student at the University of Limerck and he worked for the Colombian Ministry of Communications. In addition, he taught also at the Universidad Catolica de Colombia, the University of Sabana and the Pontifical Javeriana University. He is editor of Cuadernos de Economía (https://revistas.unal.edu.co/index.php/ceconomia/index) and columnist of El Espectador. Fasianos, Apostolos and Guevara, Diego and Pierros, Christos, Have We Been Here Before? Phases of Financialization within the 20th Century in the United States (June 27, 2016). Levy Economics Institute, Working Papers Series No. 869, Available at SSRN: https://ssrn.com/abstract=2801088 or http://dx.doi.org/10.2139/ssrn.2801088 Guevara, Diego and Martínez, Manuel. La fragilidad de la economía colombiana en tiempos de coronavirus Blog El Espectador (April 7, 2020). Available at: https://www.elespectador.com/coronavirus/la-fragilidad-de-la-economia-colombiana-en-tiempos-de-coronavirus-articulo-913397/Learn more
12 Aug 2020
The Political Consequences of Covid-19 in Latin America
In the next episode of the Webinar series, we turn to the political consequences of the crisis in the region from a political economy perspective. Latin America was already facing slower economic growth and popular discontent when the Covid-19 hit the continent. Policy responses vary across countries in the region without following a clear political or economic ideological pattern. Thus, although the economic consequences are likely to prevail, the political implications are less clear. International financial markets' responses to different policies in the region and their influence in economic policymaking before, during, and after the health crisis are also open questions. To help us connect these dots between economic volatility and political instability in the region, we will host a Webinar with Daniela Campello. Daniela Campello is a Professor at FGV/EBAPE in Rio de Janeiro, Brazil. She teaches courses and conducts research on international and comparative political economy, focusing on the consequences of economic internationalization in domestic politics and democracy in emerging economies. Formerly she a was an Assistant Professor at the Department of Politics and at the Woodrow Wilson School of Public and International Affairs at Princeton University. Daniela’s work appears in top political Science Journals, and she is the author of "The Politics of Market Discipline in Latin America: Globalization and Democracy" (Cambridge University Press 2015), and co-author of “The Volatility Curse” (forthcoming, CUP 2020).Learn more
19 Aug 2020
Innovation and spontaneous policies during the COVID19 crisis in Costa Rica
In this new episode of the Webinar series on the consequences of COVID-19 in Latin America we will host professor Jeffrey Orozco Barrantes, who will discuss with us about Costa Rica's policy responses and challenges for innovation. Jeffrey Orozco Barrantes is an economist from the University of Costa Rica. Master's degree in Economic Policy with emphasis on international trade from the National University and a PhD in Planning and Development with emphasis on Innovation Economics from Aalborg University in Denmark. Professor at the International Center for Economic Policy for Sustainable Development, CINPE, at the National University. Currently, he has a research and teaching agenda on innovation systems and sustainable development. He has participated as a consultant or as a researcher in multiple projects both with national entities and with international organizations and universities. He has been general director of the International Centre for Economic Policy for Sustainable Development at the UNA. He has also been Executive Director of the Permanent Commission of Self-Management Cooperatives. He served as advisor to cooperatives both in CONACOOP and INFOCOOP. He has a wide range of publications both in books and in national and international journals. He is currently the coordinator of the General Secretariat of Globelics (Global Network for Economics of Learning, Innovation, and Competence Building Systems)Learn more
16 Sep 2020
Environmental crisis and the Pandemic in Latin America
The YSI Webinar series on the impacts of the COVID-19 crisis in Latin America has already discussed the economic, political and social dimensions of this crisis. In the next episode, we turn to the environmental crisis in the context of the pandemic in Latin America. The current development model in Latin America has led to an increasing rate of degradation of natural resources and pollution, besides the climate change consequences. The images of the burning Amazon are just the tip of the iceberg of a large number of environmental degradation, such as water and soil pollution and extreme weather events. Besides, climate change tends to exacerbate structural problems in under-developed countries, such as social vulnerability and the external constraint. The current health crisis has reinforced the urgent need for State coordination to tackle world-wide humanitarian and economic crises that have been at the heart of the environmental crisis we were already in. In this context, the ECLAC/UN initiative called “The Big Push for Sustainability” tries to bring forth the developmentalist idea of State-led coordination of investments in order to foster a green development. In order to discuss the connections between the COVID-19 crisis and the environmental crisis, the next episode of our webinar series will deal with the implications of the COVID-19 crisis to the debate around green development policies. In this meeting, we will host Camila Gramkow. She holds a PhD in Climate Change Economics from the University of East Anglia (UK) and has more than 10 years of experience dealing with sustainable development. She is currently an Economic Officer at the ECLAC/UN working with the Big Push For Sustainability initiative. She has published, in 2019, the ECLAC/UN report: “O Big Push Ambiental no Brasil Investimentos coordenados para um estilo de desenvolvimento sustentável” (https://repositorio.cepal.org/bitstream/handle/11362/44506/1/S1900163_pt.pdf)Learn more
- Latin America
- Economic Development
- Financial Stability
José Pedro Bastos Neves
Giuliano Toshiro Yajima
Santiago José Gahn
Gabriel Ferraz Aidar
For questions, the Project Organizers.
The fragility of the Colombian economy in times of coronavirus
July 21 2020, 16:00
Our next episode of the webinar series will host Prof. Diego Guevara from Bogotà, who will share us some thoughts on the fragility of the Colombian economy in the wake of the pandemic.
Diego Alejandro Guevara Castañeda is Assistant Professor in Macroeconomics at the National University of Colombia (Universidad Nacional de Colombia, UNAL), from which he also holds a Ph.D. in Economics. He carries out research mainly in Heterodox Macroeconomics, Financialization, SFC Modelling and History of Economic Thought. He was visiting professor at the International Business Administration Europa-Universität Viadrina, visiting student at the University of Limerck and he worked for the Colombian Ministry of Communications. In addition, he taught also at the Universidad Catolica de Colombia, the University of Sabana and the Pontifical Javeriana University. He is editor of Cuadernos de Economía (https://revistas.unal.edu.co/index.php/ceconomia/index) and columnist of El Espectador.
Fasianos, Apostolos and Guevara, Diego and Pierros, Christos, Have We Been Here Before? Phases of Financialization within the 20th Century in the United States (June 27, 2016). Levy Economics Institute, Working Papers Series No. 869, Available at SSRN: https://ssrn.com/abstract=2801088 or http://dx.doi.org/10.2139/ssrn.2801088
Guevara, Diego and Martínez, Manuel. La fragilidad de la economía colombiana en tiempos de coronavirus Blog El Espectador (April 7, 2020). Available at: https://www.elespectador.com/coronavirus/la-fragilidad-de-la-economia-colombiana-en-tiempos-de-coronavirus-articulo-913397/
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Time & Date
Start: July 21 2020, 16:00*
Duration: 120 minutes
*Time is displayed in your local time zone (Africa/Abidjan).
Diego Alejandro Guevara Castañeda
Assistant Professor in Macroeconomics, UNAL
Join us for a Webinar!
Topic: The fragility of the Colombian economy in times of coronavirus
Time: July 21 2020, 16:00 (Timezone: Africa/Abidjan)
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