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dc.titleTrust: The Key to Social Cohesion and Growth in Latin America and the Caribbean (Executive Summary)
dc.contributor.authorKeefer, Philip
dc.contributor.authorScartascini, Carlos
dc.contributor.editorKeefer, Philip
dc.contributor.editorScartascini, Carlos
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2022-01-13T00:01:00
dc.date.issue2022-01-13T00:01:00
dc.description.abstractTrust is the most pressing and yet least discussed problem confronting Latin America and the Caribbean. Whether in others, in government, or in firms, trust is lower in the region than anywhere else in the world. The economic and political consequences of mistrust ripple through society. It suppresses growth and innovation: investment, entrepreneurship, and employment all flourish when firms and government, workers and employers, banks and borrowers, and consumers and producers trust each other. Trust inside private and public sector organizations is essential for collaboration and innovation. Mistrust distorts democratic decision-making. It keeps citizens from demanding better public services and infrastructure, from joining with others to control corruption, and from making the collective sacrifices that leave everyone better off. The good news is that governments can increase citizen trust with clearer promises of what citizens can expect from them, public sector reforms that enable them to keep their promises, and institutional reforms that strengthen the commitments that citizens make to each other. This book guides decision-makers as they incorporate trust and social cohesion into the comprehensive reforms needed to address the region's most pernicious challenges.
dc.format.extent26
dc.identifier.doihttp://dx.doi.org/10.18235/0003911
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Trust-The-Key-to-Social-Cohesion-and-Growth-in-Latin-America-and-the-Caribbean-Executive-Summary.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Confianza-la-clave-de-la-cohesion-social-y-el-crecimiento-en-America-Latina-y-el-Caribe-Resumen-ejecutivo.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/french/document/La-confiance-Cle-de-la-cohesion-sociale-et-de-la-croissance-en-Amerique-latine-et-les-Carabes-Resume-executif.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/portuguese/document/Confianca-A-chave-para-a-coesao-social-e-o-crescimento-na-America-Latina-e-Caribe.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.relation.seriesDevelopment in the Americas
dc.subjectEconomy
dc.subjectTrust
dc.subjectPublic Policy
dc.subjectSmall Business
dc.subjectPolitical Trust
dc.subjectRegulation
dc.subjectLabor Force
dc.subjectPublic Employment
dc.subjectDigital Transformation
dc.subject.jelcodeD02 - Institutions: Design, Formation, Operations, and Impact
dc.subject.jelcodeD23 - Organizational Behavior • Transaction Costs • Property Rights
dc.subject.jelcodeD72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
dc.subject.jelcodeD82 - Asymmetric and Private Information • Mechanism Design
dc.subject.jelcodeD91 - Intertemporal Household Choice • Life Cycle Models and Saving
dc.subject.jelcodeH41 - Public Goods
dc.subject.jelcodeH83 - Public Administration • Public Sector Accounting and Audits
dc.subject.jelcodeO34 - Intellectual Property and Intellectual Capital
dc.subject.keywordsDIA;Development in the Americas
dc.typeCatalogs and Brochures
idb.identifier.pubnumberIDB-CB-00623
idb.operationBK-C2036
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