Hesmahán takes over as economy minister in El SalvadorMonday, June 30, 2008 Ricardo Hesmahán has taken over from Yolanda Mayora as economy minister of El Salvador. Mayora resigned to take up the post of secretary-general of the Secretariat for the Economic Integration of Central America (SIECA). Hesmahán, a businessman, was sworn in by President Elías Antonio Saca. Since late 2003, Hesmahán had been president of El Salvador's National Chamber of Farming and Agri-business (Camagro). The social economy of the marketplaceMonday, June 23, 2008 An economy will function adequately when there is an operational framework for the market and the private sector, says an Argentine economist during a recent visit to Guatemala. Marcelo Resico, an economist with the Catholic University in Argentina, said the social economy of the market should focus on the principals, institutions and concrete economic policies that are based on the central idea that the concepts of liberty, solidarity and subsidiarity are complementary. Special Miami Conference Session to Focus on CubaFriday, September 25, 2009 Caribbean Central American Action announces that a session on the shifting dynamics between Cuba, the US and the broader region will take place at its Annual Miami Conference. Washington, DC - Caribbean Central American Action (CCAA) announced today that a special panel on Cuba, which will examine the shifting dynamics between Cuba and the U.S. and the broad regional economic implications related to this movement, will take place during the 33rd Annual Miami Conference on the Caribbean and Central America. The Conference will take place from November 30 to December 2, 2009, at the InterContinental Hotel in Miami, FL. "It is important that the rules are not changed"Friday, September 12, 2008 Ondine Smulders, senior editor of The Economist, has said that the future economic scenario for El Salvador look gray: a slowdown in growth of up to 2.5% in 2009, due to the possible decline in consumption, exports and remittances. Predicting the future is not easy, says Smulders, especially since the pre-electoral climate, as well as the world economic slowdown, cause investor perspectives to change and they need to have a clear rules of engagement to continue investing in the country. Future prosperity is in green technologiesThursday, October 30, 2008 In times of economic crisis, the shift to a low-carbon economy is the smartest investment any country can make. Achim Steiner, the eloquent executive director of the United Nations Environment Program (UNEP), believes that Mexico could take a leadership role in the new "green" economy. "Yesterday I was Proud, Now I am Perfect"Friday, June 26, 2015 An economist is a professional who divides his daily work into two stages: in the morning he explains what went wrong yesterday, and in the afternoon he explains what is happening today. EDITORIAL New Minister of Economy in El SalvadorMonday, April 30, 2012 Armando Flores, until recently the Deputy Minister for Trade and Industry, has replaced Hector Dada Hirezi. Dada Hirezi belongs to the Democratic Change party, which forms the current government coalition. El Salvador on the Brink of RecessionFriday, November 9, 2012 The constant deceleration of the Volume Index of Economic Activity (IVAE in Spanish), is a clear sign that the country's economy could end 2012 in recession. Data reported by the Central Reserve Bank (BCR) up until August indicates that the IVAE that only grew by 0.7% compared to 3.4% reported in the same period of 2011. Analysts see adverse effects in the Salvadoran economyFriday, September 19, 2008 Lower economic activity and the rise in interest rates are signs that the economy is being affected by the financial crisis in the US. Some economic analysts warned yesterday that the effects from the financial crisis in the United States, which has been going on for over a year and which has gotten worse recently, are beginning to show up in the Salvadoran economy. Do economists need brains?Thursday, August 7, 2008 A new school of economists is controversially turning to neuroscience to improve the dismal science. For all the undoubted wit of their neuroscience-inspired concept album, “Heavy Mental”—songs include “Mind-Body Problem” and “All in a Nut”—The Amygdaloids are unlikely to loom large in the annals of rock and roll. Yet when the history of economics is finally written, Joseph LeDoux, the New York band’s singer-guitarist, may deserve at least a footnote. In 1996 Mr LeDoux, who by day is a professor of neuroscience at New York University, published a book, “The Emotional Brain: The Mysterious Underpinnings of Emotional Life”, that helped to inspire what is today one of the liveliest and most controversial areas of economic research: neuroeconomics. Do economists need brains?Thursday, August 7, 2008 A new school of economists is controversially turning to neuroscience to improve the dismal science. For all the undoubted wit of their neuroscience-inspired concept album, “Heavy Mental”—songs include “Mind-Body Problem” and “All in a Nut”—The Amygdaloids are unlikely to loom large in the annals of rock and roll. Yet when the history of economics is finally written, Joseph LeDoux, the New York band’s singer-guitarist, may deserve at least a footnote. In 1996 Mr LeDoux, who by day is a professor of neuroscience at New York University, published a book, “The Emotional Brain: The Mysterious Underpinnings of Emotional Life”, that helped to inspire what is today one of the liveliest and most controversial areas of economic research: neuroeconomics. Citizens Trained in Economics and FinanceWednesday, July 23, 2014 Accepting personal responsibility for your own and your family's progress is a direct result of the knowledge of the fundamentals of economics and finance. In order to manage the personal wealth in an adequate way and to properly assess the economic policies governments apply, it is essential to have an economic and financial education since primary school. Ecuador in defaultFriday, November 14, 2008 Today Ecuador became the first Latin American economy to be in default, following the global financial crisis that started in September. The Andean country's risk shot up more than 4,000 points. The government of Rafael Correa says that they have the funds but do not want to pay as yet, since they are investigating "illegalities" in the contract for the debt that expires tomorrow. Central American leaders dish out strong medicine to fight price hikesMonday, June 30, 2008 The upward spiral of prices of food and oil has obliged authorities throughout Central America to take strong measures. Interest rates have been raised and greater restrictions have been imposed on commercial bank lending. Meanwhile, some countries –- such as El Salvador, Honduras and Nicaragua -- have introduced subsidies on fuel, electricity, public transport and basic foods. The economic face of the warsTuesday, April 29, 2008 The food crisis in the next two years will be terrible, especially for countries like El Salvador that depend on imports. Recent governments have not foreseen the problem and have allowed the abandonment of agriculture, betting instead on industry, trade and the financial system. Of course, the government also depends on remissions, which result from the notorious policy of creating unemployment to increase emigration, basically to the United States, and forcing the disintegration of the family. |
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