Economic growth in Latin America and the Caribbean; stylized facts, explanations, and forecasts

Reference & Research Book News, August, 2005

HC130

2005-043704

0-8213-6091-4

Economic growth in Latin America and the Caribbean; stylized facts, explanations, and forecasts.

Loayza, Norman et al.

The World Bank, [c]2005

156 p.

$20.00 (pa)

With the understanding that recent economic downturns have restarted debate about whether market-oriented reforms are effective, this report reassesses the growth performance of the region and its underlying sources. It addresses the cyclical history of GDP growth in the region, and the ways growth, investment, and savings are defined. It then examines how transitional convergence, cyclical reversion, structural policies and institutions, stabilization policies, and external conditions have affected growth in the recent past and how they are expected to have an impact in the near future. Rather than finding a single cause for slow growth or a downturn, the report finds that often many factors come into play and vary from country to country.