Beyond Commodities: The Growth Challenge of Latin America and the Caribbean
Language: English
Published by WORLD BANK PUBN, 2016
- Softcover
- New
Seller: moluna, Greven, Germanymoluna
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Condition: New
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- Title
- Beyond Commodities: The Growth Challenge of Latin America and the Caribbean
- Author
- Jorge Thompson Araujo|Markus Brueckner|Mateo Clavijo|Ekaterina Vostroknutova|Konstantin M. Wacker
- Publisher
- WORLD BANK PUBN
- Publication year
- 2016
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 1464806586
- ISBN 13
- 9781464806582
- Series
- Book 35 of 40: Latin American Development Forum
Beyond Commodities shows that Latin America and the Caribbean s growth performance over the last decade cannot be reduced to the commodity boom: growth-promoting reforms that strengthened financial development, increased trade openness and improved infrastructure development also played a significant role and can continue doing so. Based on the econometric analysis of panel data from the 1970-2010 period for 126 countries, the study shows that, while the commodity boom facilitated growth in most of the region, it did not determine it. Domestic pro-growth policies and the maintenance of a sound macro-fiscal framework played a central role in explaining the region s good performance during last decade. It also shows that new growth stars such as Panama, Peru, Colombia and the Dominican Republic emerged during this period. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. Finally, with the worsening of external conditions, the authors conclude that the countries of Latin America and the Caribbean have no choice but to turn their attention to domestic drivers to keep growth going, as the structural reforms agenda remains unfinished."
"Synopsis" may belong to another edition of this title.
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