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Sep 20, 2015 09:35
8 yrs ago
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Spanish term

economías en desarrollo

Spanish to English Bus/Financial Economics minimum wage
I'm scratching my head here. This sentence doesn't make sense to me - unless I'm missing something. To me, it would make more sense to say 'developed economies'.

En los **países en desarrollo**, caracterizados por los altos niveles de informalidad, las implicaciones de la política del salario mínimo difieren sustancialmente de lo que se puede esperar en **economías en desarrollo**. En particular, porque en las **economías en desarrollo** el salario mínimo es más vinculante , tienden a ser más alto (definido entre un 20 por ciento y 60 por ciento del salario promedio) y afecta a un mayor número de trabajadores (Maloney y Núñez Méndez, 2004).

**Al igual que para los países desarrollados**, los resultados en relación a los efectos sobre el desempleo y la demanda laboral tampoco son del todo concluyentes en los **países menos desarrollados**.

Discussion

Muriel Vasconcellos (asker) Sep 24, 2015:
Thank you! It wasn't really a fair question. I do appreciate that several of you agreed that 'developing' didn't make sense. If the intention was 'developed', I wouldn't want to confuse the glossary by choosing it here. I will query the author, and if it turns out that 'developing' was correct, I will reopen the question.
jmf Sep 21, 2015:
emerging market economies? Emergente is usually used for emerging, but I think this is a possibility here. Hopefully the author is able to clarify. HTH
Muriel Vasconcellos (asker) Sep 20, 2015:
@Lorena I can see your point. It makes sense. But I'm still stuck on "difieren de". Perhaps the author made a false start and changed ideas in mid-stream. I'm going to query the author.
lorenab23 Sep 20, 2015:
My two cents To me this paragraph makes sense and I believe I understand what is being said. I can only give you my perspective from personal experience having lived in Peru and in the US. I will give an example and see if it helps illustrate what I think the author is saying:
a shoe salesman Peru vs. US (talking about formal work only)
Peru: Salary, 13-month pay, access to socialized medicine, paid vacations, paid holidays.
US: hourly wage, paid only for hours worked, no health insurance (this is a benefit-private health insurance- provided through work if the company choses to do so), no paid vacations, no paid holidays. Could this be what the author is talking about?
Charles Davis Sep 20, 2015:
Here's Maloney & Núñez Méndez, 2004 http://www.nber.org/papers/w9800.pdf

I must admit, though, that I'm not much the wiser after skimming it. It focuses on Colombia, and it does say that minimum wages there seem high and very binding. And clearly Colombia is an LDC (their term), not an advanced economy. But the same is not true of all Latin American LDCs.
Amy Mc Colgan Sep 20, 2015:
Yes, regarding María's answer, I would have thought the same...they seem to be contrasting developed and developing economies and the salary and minimum wage systems in each...it would make much more sense if "economías en desarollo" read "economías desarrolladas". It looks like you might have to point that out to the client.

Good luck :)
lugoben Sep 20, 2015:
If the requested term was "ese tipo de economía", DLyons's idea would fit in.
DLyons Sep 20, 2015:
Might "esperar" be read as "hope for"?
María Perales Sep 20, 2015:
I agree...I think it must be a mistake of the author. There we should be reading "economías desarrolladas" instead. Otherwise it does not make sense at all!
:-)

Proposed translations

9 hrs

developing economies

Lo entiendo como "economías en vías de desarrollo",.
"Es aquélla que acusa graves problemas estructurales, presenta severas limitaciones para encauzar estrategias de desarrollo dinámico y una inserción sólida en la economía internacional...."
Perhaps the author got his wires crossed?
Note from asker:
Hi Neil, I was looking for an answer that would fit the context. This doesn't make sense - unless your point is that the author made a mistake.
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-1
1 day 45 mins

developed country/economy

economically developed countries

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Note added at 3 días9 horas (2015-09-23 19:27:38 GMT)
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@ liza mccarthy:
A developed country, industrialized country, or "more economically developed country" (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.[1] Which criteria are to be used and which countries can be classified as being developed are subjects of debate.

Developed countries have post-industrial economies, meaning the service sector provides more wealth than the industrial sector. They are contrasted with developing countries, which are in the process of industrialization, or undeveloped countries, which are pre-industrial and almost entirely agrarian. According to the International Monetary Fund, advanced economies comprise 65.8% of global nominal GDP and 52.1% of global GDP (PPP) in 2010.[2] In 2015, the ten largest advanced economies by nominal GDP were the United States, Japan, Germany, France, the United Kingdom, Italy, Canada, South Korea, Australia and Spain. By PPP GDP, they were the United States, Japan, Germany, the United Kingdom, France, Italy, South Korea, Canada, Spain and Australia.[3]

Peer comment(s):

disagree Lisa McCarthy : "en desarrollo" means 'developing'. If it were 'developed', it would read 'desarrollado'. // There is no 'maybe' - IT DOES NOT mean'developed/industrialized' in Spanish.// I pity your clients then.
2 days 8 hrs
No way Lisa.Maybe in spanish. En desarrollo means developed and industralized!Thats your problem dear.In english i will sure use developed economy/industralized country
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