Session 12: Sovereign Debt Distress in the Global South

This blog was originally published in the book Urban Sustainable Development: Governance, Finance, and Politics, a collaborative effort by the Brazilian Center for International Relations (CEBRI) and the Rio de Janeiro City Hall. The Policy Center for the New South has contributed as a Knowledge Partner to this work.   I belong to a city that has been evolving positively for 20 years. Rabat has one of the world’s highest rates of green space per square meter per capita. This focus ...

This paper was originally published on springer.com Wage subsidy policies’ impact on access to the first job is crucial for workers; however, their influence on job quality holds greater significance for society as a whole. This paper evaluates the impact of the “IDMAJ” wage subsidy program on job quality, extending beyond the traditional focus solely on job placement. Utilizing the complete database from the IDMAJ program survey conducted by the Ministry of Employment, this study ...

At the COP29 climate summit that began on November 11, 2024, in Baku, Azerbaijan, one of the main focuses is Article 6 of the Paris Agreement. Article 6, introduced at COP21 in 2015 and shaped through years of negotiation, enables countries to meet climate targets collaboratively, either through carbon markets or non-market strategies. This section of the Paris Agreement has the potential to unlock significant climate finance, cut the cost of reducing emissions, and foster cooperati ...

This paper was originally published on thebrenthurstfoundation.org   Situated at the northwest borders of the continent, between the Atlantic Ocean and the Mediterranean Sea, Morocco has established itself as a stable and dynamic economy and a gateway to Africa. A part of the Maghreb and Arab world, the country has for many decades embraced a policy of economic and financial openness, aiming to integrate its economy into global markets. According to the United Nations Conference o ...

This study quantifies the contributions of Brazil’s blue economy and explores the economic interdependence between coastal and hinterland regions through interregional linkages. Employing a multi-level approach, we analyze municipality and state-level data on oceanrelated activities. Using an interstate input-output model, we estimate the value chains of the blue economy, offering a deeper understanding of its systemic impacts. This study addresses gaps in national, regional, and lo ...

Using panel data from a large group of developing economies and a Generalized Method of Moments (GMM) estimator, we examine the effects of trade and other factors on female labor-force participation and wage employment. We focus particularly on comparing the effects of trade openness in the Middle East and North Africa (MENA) region with Latin America and the Caribbean (LAC) and sub-Saharan Africa (SSA). The empirical results indicate that trade openness affects female labor-force p ...

Ding, dang, dong… Vous avez certainement entendu sonner le carillon. C’est la rentrée. Ou les rentrées. Elles s’étalent sur quasiment deux mois tant la reprise est plurielle et concerne des acteurs ou des agents multiples. La rentrée des élèves, tout d’abord. À la mi-septembre déjà, ils ont enlevé le sable de leurs chaussettes, rangé leurs nouvelles fournitures scolaires. Mais pas seulement, celle des parents aussi : septembre est le mois de toutes les dépenses :  les frais scolaire ...