Beyond Commodities

The Growth Challenge of Latin America and the Caribbean

Business & Finance, Economics, Macroeconomics, Economic Development, International
Cover of the book Beyond Commodities by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker, World Bank Publications
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker ISBN: 9781464806599
Publisher: World Bank Publications Publication: November 9, 2016
Imprint: World Bank Publications Language: English
Author: Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
ISBN: 9781464806599
Publisher: World Bank Publications
Publication: November 9, 2016
Imprint: World Bank Publications
Language: English
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.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
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.

More books from World Bank Publications

Cover of the book The Little Data Book on Africa 2012/2013 by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book The IBNET Water Supply and Sanitation Blue Book 2014 by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Doing Business 2019 by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Valuing Services in Trade by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Toward Gender Equality in East Asia and the Pacific: A Companion to the World Development Report by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Municipal Finances by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Nonfinancial Defined Contribution Pension Schemes in a Changing Pension World by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Inflation in Emerging and Developing Economies by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book The Little Data Book 2012 by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Key Labor Market Indicators by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Rents to Riches?: The Political Economy of Natural Resource-Led Development by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Right to Work? by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book International Debt Statistics 2016 by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Inclusion Matters by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
Cover of the book Impact Evaluation in Practice, Second Edition by Jorge Thompson Araujo, Ekaterina Vostroknutova, Markus Brueckner, Clavijo, Konstantin M. Wacker
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy