This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries. Contents: Editors' Summary In Search of the Missing Resource Curse, By Daniel Lederman and William F. Maloney The Political Economy of Oil Production in Latin America, By Osmel Manzano and Francisco Monaldi Output Volatility and Openness to Trade: A Reassessment, By Eduardo A. Cavallo The Impact of Globalization on the Poor in Latin America, By Erik Thorbecke and Machiko Nissanke On the Determinants and Implications of School Choice: Semi-Structural Simulations for Chile, By Francisco A. Gallego and Andres E. Hernando, reviewing a previous edition or volume