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Impact of the global crisis on the achievement of the MDGs in Latin America

Robert Vos and Rob Vos
Authors registered in the RePEc Author Service: Marco V. Sánchez Cantillo ()

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: Progress towards the MDGs is expected to slow as a consequence of the global economic downturn. This study applies an economy-wide framework to analyze the impact of the crisis on MDG achievement in six Latin American countries. It finds significant setbacks towards the goals and, in the case of the region’s low-income countries, the cost of achieving these would rise between 1.6 and 3.4 per cent of GDP per year between 2010 and 2015 as compared with a no-crisis scenario. The additional public spending would contribute to economic growth though not sufficiently for full recovery to pre-crisis growth.

Keywords: computable general equilibrium models; distribution; welfare and poverty; foreign aid; macroeconomic analyses of economic development (search for similar items in EconPapers)
JEL-codes: C68 D3 F35 I3 O11 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2009-06
New Economics Papers: this item is included in nep-dev
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