Nature, Development, and Distribution in Latin America. Evidence on the Role of Geography, Climate, and Natural Resources

Michael Gavin and Ricardo Hausmann

No 4128, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: Latin America`s enormous endowment of natural resources impacts many countries of the region. Economic liberalization in several countries was followed by rapid growth of foreign investment and exports of natural resource-intensive products. Growth of labor-intensive manufacturing industries was much more modest. What does increased reliance upon natural resource-based industries mean for development prospects, and for the distribution of income?

Date: 1998-08
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Working Paper: Nature, Development, and Distribution in Latin America: Evidence on the Role of Geography, Climate, and Natural Resources (1998)
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