Export Dynamism in Latin America: Why has it been Insufficient for GDP Dynamism?

Ricardo Ffrench-Davis

Chapter V in Reforming Latin America’s Economies, 2005, pp 115-134 from Palgrave Macmillan

Abstract: Abstract Since the mid-eighties, Latin America recorded significant export dynamism. This was associated, first, with depreciation of local currencies as a result of the debt crisis, and secondly, with a generalized process of trade liberalization. Indeed, regional exports grew over 7% in 1990–2004. However, despite the export success, the overall economic performance was rather poor, with an annual growth rate of GDP of 2.6% for the region as a whole. Why were the high rates of export growth in the nineties not associated with a vigorous GDP growth in Latin America as did happen, for instance, in the East-Asian Economies?

Keywords: Exchange Rate; Real Exchange Rate; Trade Liberalization; Export Performance; Export Growth (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50990-0_5

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DOI: 10.1057/9780230509900_5

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