Saving for Development: How Latin America and the Caribbean Can Save More and Better

Eduardo A. Cavallo, Tomás Serebrisky, Veronica Frisancho, Jonathan Karver, Andrew Powell, Diego Margot, Ancor Suárez-Alemán, Eduardo Fernandez-Arias, Matías Marzani, Solange Berstein, Mariano Bosch, María Laura Oliveri (), Alejandro Izquierdo, Matias Busso, Andrés Fernández Martin and Juan Pablo Rud
Authors registered in the RePEc Author Service: Cesar E. Tamayo

No 7677 in IDB Publications (Books) from Inter-American Development Bank

Abstract: Why should people--and economies--save? The typical answer usually focuses on the need to protect against future shocks, to smooth consumptionduring hard times, in short, to save for the proverbial rainy day. This book approaches the question from a slightly different angle. While saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save so they can invest in their own and their children's health and education, live productive fulfilling lives, and end their days in comfort and peace. Firms must save so they can grow productive enterprises that employ more workers in better jobs to produce quality goods for domestic and international markets. Governments must save to build bridges, highways, and airports that support a productive economy, to provide quality services such as education, health, water, and sanitation to their citizens, and to assure their senior citizens a dignified, worry-free retirement. In short, countries must save for a sunny day -a time when everyone can bask in the benefits of growth, prosperity, and well-being.

Keywords: DIA; poupança nacional; national saving; poupança informal; productividad; desarrollo económico; fondos de pensiones; ahorro nacional; inversión en infraestructura; ahorros formales; poupança formal; ahorros informales; informal saving; tasa de ahorro; formal saving; Desarrollo en las Américas (search for similar items in EconPapers)
JEL-codes: D91 E21 E22 F32 G2 J11 J26 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:idbbks:7677

DOI: 10.18235/0012585

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