Has Latin Americas Post Reform Growth Ben Disappointing

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Has Latin America's Post-Reform Growth Been Disappointing?

Author : Norman Loayza
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (913 download)

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Book Synopsis Has Latin America's Post-Reform Growth Been Disappointing? by : Norman Loayza

Download or read book Has Latin America's Post-Reform Growth Been Disappointing? written by Norman Loayza and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: January 1997 The response of economic growth to reforms in Latin America has not been disappointing. Because of those policy changes, and despite a global slowdown, Latin America did well to return to its historic growth rate of 2 percent per capita in 1990-93. After years of poor macroeconomic performance, many Latin American countries undertook ambitious programs of macroeconomic stabilization and structural reform in recent years. This change in policy created high expectations for the region, and some observers have questioned whether actual growth outcomes in several Latin American countries have lived up to these expectations. Easterly, Loayza, and Montiel offer evidence that the response of economic growth to reforms in Latin America has not been disappointing. Because of those significant policy changes, and despite a global slowdown, Latin America did well to return to its historic growth rate of 2 percent per capita in 1990-93. Latin American growth has responded to changes in policy variables, as would have been predicted by the experience of other times and places. Those earlier experiences are summarized by a panel regression spanning many countries and multiyear periods from 1960 to 1993. To get consistent estimates of the parameters linking growth and policy variables, the authors use a dynamic panel methodology that both controls for unobserved time- and country-specific effects and accounts for the likely joint endogeneity of the explanatory variables. This paper - a product of the Macroeconomics and Growth Division, Policy Research Department - is part of a larger effort in the department to understand the determinants of economic growth.

Has Latin America's Post-reform Growth Been Disappointin?

Author : William Easterly
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis Has Latin America's Post-reform Growth Been Disappointin? by : William Easterly

Download or read book Has Latin America's Post-reform Growth Been Disappointin? written by William Easterly and published by World Bank Publications. This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Has Latin America's Post-Reform Growth Been Disappointing?

Author : William Easterly
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Has Latin America's Post-Reform Growth Been Disappointing? by : William Easterly

Download or read book Has Latin America's Post-Reform Growth Been Disappointing? written by William Easterly and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The response of economic growth to reforms in Latin America has not been disappointing. Because of those policy changes, and despite a global slowdown, Latin America did well to return to its historic growth rate of 2 percent per capita in 1990-93. After years of poor macroeconomic performance, many Latin American countries undertook ambitious programs of macroeconomic stabilization and structural reform in recent years. This change in policy created high expectations for the region, and some observers have questioned whether actual growth outcomes in several Latin American countries have lived up to these expectations.Easterly, Loayza, and Montiel offer evidence that the response of economic growth to reforms in Latin America has not been disappointing. Because of those significant policy changes, and despite a global slowdown, Latin America did well to return to its historic growth rate of 2 percent per capita in 1990-93. Latin American growth has responded to changes in policy variables, as would have been predicted by the experience of other times and places. Those earlier experiences are summarized by a panel regression spanning many countries and multiyear periods from 1960 to 1993. To get consistent estimates of the parameters linking growth and policy variables, the authors use a dynamic panel methodology that both controls for unobserved time- and country-specific effects and accounts for the likely joint endogeneity of the explanatory variables.This paper - a product of the Macroeconomics and Growth Division, Policy Research Department - is part of a larger effort in the department to understand the determinants of economic growth.

Has Latin America's Post Reform Growth Been Disappointing?

Author : William Easterly
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (933 download)

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Book Synopsis Has Latin America's Post Reform Growth Been Disappointing? by : William Easterly

Download or read book Has Latin America's Post Reform Growth Been Disappointing? written by William Easterly and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Has Latin America's post-reform growth ben disappointing

Author : William Russell Easterly
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (777 download)

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Book Synopsis Has Latin America's post-reform growth ben disappointing by : William Russell Easterly

Download or read book Has Latin America's post-reform growth ben disappointing written by William Russell Easterly and published by . This book was released on 1997 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

After the Washington Consensus

Author : Pedro-Pablo Kuczynski
Publisher : Columbia University Press
ISBN 13 : 0881324515
Total Pages : 386 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis After the Washington Consensus by : Pedro-Pablo Kuczynski

Download or read book After the Washington Consensus written by Pedro-Pablo Kuczynski and published by Columbia University Press. This book was released on 2003-03-26 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises. Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.

After the Washington Consensus: Restarting Growth and Reform in Latin America

Author :
Publisher : Peterson Institute
ISBN 13 : 9780881325928
Total Pages : 398 pages
Book Rating : 4.3/5 (259 download)

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Book Synopsis After the Washington Consensus: Restarting Growth and Reform in Latin America by :

Download or read book After the Washington Consensus: Restarting Growth and Reform in Latin America written by and published by Peterson Institute. This book was released on with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the nature of the economic policy agenda that the region should be pursuing after the better part of a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. Diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises.

Reform and Growth in Latin America

Author : Eduardo Fernández Arias
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Reform and Growth in Latin America by : Eduardo Fernández Arias

Download or read book Reform and Growth in Latin America written by Eduardo Fernández Arias and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper addresses the adequacy of post-reform growth in Latin America in the 1990s on the basis of international comparison and other relevant standards, analytically exploring and empirically testing a number of hypotheses to explain the perceived dissatisfaction with growth performance. It also estimates the long-run growth payoff of macroeconomic reforms, the additional gains that can be achieved by deepening the first generation of reforms, and the potential payoff from broadening the scope of reform into a second generation of reforms encompassing deeper structural and institutional areas.

Growth, Employment, and Equity

Author : Barbara Stallings
Publisher : Rowman & Littlefield
ISBN 13 : 9780815798293
Total Pages : 276 pages
Book Rating : 4.7/5 (982 download)

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Book Synopsis Growth, Employment, and Equity by : Barbara Stallings

Download or read book Growth, Employment, and Equity written by Barbara Stallings and published by Rowman & Littlefield. This book was released on 2010-12-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication In the last ten to fifteen years, the Latin American and Caribbean region has undergone the most significant transformation of economic policy since World War II. Through a series of structural reforms, an increasing number of countries have moved from closed, state-dominated economies to ones that are more market oriented and open to the rest of the world. Policymakers expected that these changes, in conjunction with lower rates of inflation and increased spending in the social area, would speed up economic growth, increase productivity, and lead to the creation of more jobs and greater equality. Have those expectations been fulfilled? Analyzing the impact of the reforms in nine countries (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru), this study provides a detailed picture of progress to date. At the overall regional level, the book suggests, the reforms have had a surprisingly small impact: a small positive impact on investment and growth, and a small negative impact on employment and income distribution. But at the country, sectoral, and microeconomic levels, it finds evidence of strong effects, with some units doing very well and others falling behind.

Economic Reforms, Growth and Inequality in Latin America

Author : Gustavo Indart
Publisher : Routledge
ISBN 13 : 1351159348
Total Pages : 341 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Economic Reforms, Growth and Inequality in Latin America by : Gustavo Indart

Download or read book Economic Reforms, Growth and Inequality in Latin America written by Gustavo Indart and published by Routledge. This book was released on 2019-06-04 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2004. Growth, income distribution, and labour markets are issues of pivotal importance in the Latin American context. Examining unique theoretical issues and the empirical evidence, this book provides a critical analysis of the key elements of income distribution determinants, labour market functions, trade policies, and their interrelations. As the advance of globalization becomes seemingly unstoppable, this book provides an important reappraisal of the impact of this new phenomenon, and in particular, the pernicious impact it may have on income growth and distribution. The key objective of the volume is to integrate more fully the analysis of trade and labour market economists, in order to better understand the labour market and income distribution implications of globalization and international integration. Forty years after the early calls to appropriately investigate the micro foundations of macroeconomics, the separation of the two at the policy level is more damaging than ever before - particularly for developing regions; this volume therefore makes an important contribution at the theoretical and policy levels by bringing together macroeconomic and microeconomic analyses.

Economic Reform and Progress in Latin America and the Caribbean

Author : Norman Loayza
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 111 pages
Book Rating : 4./5 ( download)

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Book Synopsis Economic Reform and Progress in Latin America and the Caribbean by : Norman Loayza

Download or read book Economic Reform and Progress in Latin America and the Caribbean written by Norman Loayza and published by World Bank Publications. This book was released on 1997 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Development

Author : Bruce Currie-Alder
Publisher :
ISBN 13 : 0199671664
Total Pages : 972 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis International Development by : Bruce Currie-Alder

Download or read book International Development written by Bruce Currie-Alder and published by . This book was released on 2014 with total page 972 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central premise is that an objective and universally‐accepted measure of “success” in development and paths to it does not exist.

In Search of Prosperity

Author : Dani Rodrik
Publisher : Princeton University Press
ISBN 13 : 1400845890
Total Pages : 496 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis In Search of Prosperity by : Dani Rodrik

Download or read book In Search of Prosperity written by Dani Rodrik and published by Princeton University Press. This book was released on 2012-11-21 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics of growth has come a long way since it regained center stage for economists in the mid-1980s. Here for the first time is a series of country studies guided by that research. The thirteen essays, by leading economists, shed light on some of the most important growth puzzles of our time. How did China grow so rapidly despite the absence of full-fledged private property rights? What happened in India after the early 1980s to more than double its growth rate? How did Botswana and Mauritius avoid the problems that other countries in sub--Saharan Africa succumbed to? How did Indonesia manage to grow over three decades despite weak institutions and distorted microeconomic policies and why did it suffer such a collapse after 1997? What emerges from this collective effort is a deeper understanding of the centrality of institutions. Economies that have performed well over the long term owe their success not to geography or trade, but to institutions that have generated market-oriented incentives, protected property rights, and enabled stability. However, these narratives warn against a cookie-cutter approach to institution building. The contributors are Daron Acemoglu, Maite Careaga, Gregory Clark, J. Bradford DeLong, Georges de Menil, William Easterly, Ricardo Hausmann, Simon Johnson, Daniel Kaufmann, Massimo Mastruzzi, Ian W. McLean, Lant Pritchett, Yingyi Qian, James A. Robinson, Devesh Roy, Arvind Subramanian, Alan M. Taylor, Jonathan Temple, Barry R. Weingast, Susan Wolcott, and Diego Zavaleta.

Globalization: Causes and Effects

Author : David A. Deese
Publisher : Routledge
ISBN 13 : 1351932896
Total Pages : 703 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Globalization: Causes and Effects by : David A. Deese

Download or read book Globalization: Causes and Effects written by David A. Deese and published by Routledge. This book was released on 2017-05-15 with total page 703 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization: Causes and Effects is the culmination of an eleven volume series that defines and explains the scholarly field of International Relations. Highlighting primary scholarly accomplishments in the field, this final title frames the sub-field of 'Globalization' and documents the fundamental milestones in thinking about and understanding this phenomenon. 'Globalization' is ripe for work integrating a wide range of leading research results and assessing its findings as a whole. Together, the pioneering articles selected for this book represent the most important scholarly contributions published to date on the main dimensions of globalization. The majority of the authors are political scientists, but a substantial number are economists, sociologists and historians. The volume covers Forms, Origins, and Causes; Political Dimensions and Implications; Economic and financial Impacts; Identity, Culture, and Civilization; and The Future of Globalization.

China's Innovation Challenge

Author : Arie Y. Lewin
Publisher : Cambridge University Press
ISBN 13 : 1316592154
Total Pages : 505 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis China's Innovation Challenge by : Arie Y. Lewin

Download or read book China's Innovation Challenge written by Arie Y. Lewin and published by Cambridge University Press. This book was released on 2016-04-14 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: The miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015. The two engines of growth - export on a scale never before witnessed and massive infrastructure investments - are reaching the point of diminishing returns. This poses the central question which is explored in this book - can China escape the middle-income trap? Assuming current political arrangements remain unchanged and that it does not or cannot adopt Western sociopolitical economic regimes, can China develop an indigenous growth model centered on innovation? This compilation gathers leading Chinese and other international scholars to consider the daunting challenges and complexities of building an innovation-driven Chinese growth model. Providing several comprehensive perspectives, it examines key areas such as the institutional system, technology, sociocultural forces and national policy. The analyses and their conclusions range from strong optimism to deep pessimism about China's future.

Human Capital

Author : Ismail Abdel-Hamid Sirageldin
Publisher : American Univ in Cairo Press
ISBN 13 : 9789774247118
Total Pages : 368 pages
Book Rating : 4.2/5 (471 download)

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Book Synopsis Human Capital by : Ismail Abdel-Hamid Sirageldin

Download or read book Human Capital written by Ismail Abdel-Hamid Sirageldin and published by American Univ in Cairo Press. This book was released on 2002 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers issues of demography and development in the Middle East, the capital value of rising populations, the workings of the labor market, and the impact of migration and urbanization on the region.

Breaking Into New Markets

Author : Richard Newfarmer
Publisher : World Bank Publications
ISBN 13 : 0821376381
Total Pages : 294 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Breaking Into New Markets by : Richard Newfarmer

Download or read book Breaking Into New Markets written by Richard Newfarmer and published by World Bank Publications. This book was released on 2009-03-12 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade in 2009 is projected to contract for the first time since 1982. As a result, export diversifi cation has gained new urgency as one way of using exports to recover lost growth momentum. Moreover, diversifi cation is central to reducing income volatility and sustaining high growth rates, which are especially important for countries with large populations living in poverty. In the 1950s, countries became concerned that their dependence on primary products would lead to steady falls in the purchasing power of primary exports and thus slow growth. A major policy objective of developing countries since that time has been to diversify out of primary products into manufactures. Although some nations have been at least partially successful, many low-income countries remain dependent on a narrow range of primary products. 'Breaking Into New Markets' argues for a comprehensive view of diversifi cation. It explores new thinking and evidence about export diversifi cation and elaborates on policies for its promotion. These policies span tariffs and taxes, services, and government activities to help fi rms take advantage of global opportunities. The book is a compilation of chapters written as short, policy-focused pieces. Many digest longer, more academic papers in an effort to make the information accessible to a larger policy and nontechnical audience. In that sense, the book is a policy primer on what export diversifi cation can and cannot do for growth and how to make diversifi cation happen. Intelligently designed policies that effi ciently address the obstacles to export growth are critical for overall economic growth and poverty reduction. This book offers insights useful to policy makers and practitioners as they embark on efforts to design new programs of competitiveness in their trade strategies.