Finance, growth and social fairness:Evidence for Latin America and Bolivia

This PhD thesis explores the role of finance in promoting economic growth and social fairness. Our case studies concentrate on Latin America and the Caribbean, and on Bolivia, a developing region and a country for which the relationship between finance, growth, and social fairness turns out to be particularly important. Bolivia is considered as one of the poorest and most unequal countries in Latin America and the Caribbean. Poverty and inequality are not only deeply rooted in the country, but they are also among the most distinctive features of the region. In general, economic growth in Latin American countries has not met expectations, regardless of significant institutional reforms and an inherent potential to fare better. Consequently, the identification of factors that would promote economic growth and social fairness in Bolivia and the region becomes transcendental and necessary. At the same time, the study seeks to contribute to the scarce regional and single country-level research in this field. To pursue this goal, theoretical and empirical literature has been reviewed and original empirical evidence prepared. Moreover, the goal of this research is to conduct an integral investigation that does not rely only on macroeconomic evidence (at the regional and single country level) but also uses microeconomic evidence regarding the role of value chain financial mechanisms in a value chain case study. Throughout the thesis, different dimensions of finance such as financial depth, access to finance, and institutional diversification have been taken into account. Several of these aspects of finance have recently been studied in the empirical literature. Additionally, regarding the limited access to finance for certain agents in Bolivia – in particular, small-sized firms and rural and poor households – value chain finance has been considered as an important alternative for making financial services accessible. The results of this dissertation have implications for the design of financial and social policies for the Latin American and Caribbean region and for Bolivia

Competitividad económica-ambiental para la cadena de lácteos de la agroindustria de Cochabamba

A pesar de que el departamento de Cochabamba ocupa casi la cuarta parte de la producción de leche a nivel nacional lo que lo constituye en una actividad de visible importancia económica y social, en Bolivia y particularmente en el departamento de Cochabamba hay una notable ausencia de políticas públicas específicas dirigidas a la agroindustria láctea. En este sentido, en la presente publicación se plantea la aplicación de los enfoques Cadena Global de Mercancías (CGM) y Análisis del Ciclo de Vida (ACV) considerando que su combinación da la posibilidad de integrar los aspectos económicos, sociales y ambientales, sobre cuya base se pueden formular lineamientos de política para fortalecer la competitividad del sector lácteo de Cochabamba

The Future of Bronchopulmonary Dysplasia: Emerging Pathophysiological Concepts and Potential New Avenues of Treatment

Yearly more than 15 million babies are born premature (<37 weeks gestational age), accounting for more than 1 in 10 births worldwide. Lung injury caused by maternal chorioamnionitis or preeclampsia, postnatal ventilation, hyperoxia, or inflammation can lead to the development of bronchopulmonary dysplasia (BPD), one of the most common adverse outcomes in these preterm neonates. BPD patients have an arrest in alveolar and microvascular development and more frequently develop asthma and early-onset emphysema as they age. Understanding how the alveoli develop, and repair, and regenerate after injury is critical for the development of therapies, as unfortunately there is still no cure for BPD. In this review, we aim to provide an overview of emerging new concepts in the understanding of perinatal lung development and injury from a molecular and cellular point of view and how this is paving the way for new therapeutic options to prevent or treat BPD, as well as a reflection on current treatment procedures