Latin America and the Caribbean's Long-Term Growth

World Bank

No 26674, World Bank Publications - Reports from The World Bank Group

Abstract: This semiannual report examines short-run and long-run challenges for economic growth for the Latin America and the Caribbean (LAC) region in the aftermath of the 2008-09 global financial crisis. The first part of this report provides an overview of recent economic developments, including an analysis of the sources of external risks for short-term economic activity in the region, and an in-depth look at whether LAC can leverage its deepening connections with China and turn it into an important (but not the only one) source of long-term growth. It also discusses policy response options for the short and long-term horizons. The second part of the report documents and analyzes the emergence, over the last decade, of a downward trend in education earnings premia (the additional earnings associated with a higher level of education), which is believed to reflect a re-balancing between higher supply and lower demand for skills.

Keywords: Environment-Environmental Economics & Policies Private Sector Development-Emerging Markets Poverty Reduction-Achieving Shared Growth Finance and Financial Sector Development-Currencies and Exchange Rates Macroeconomics and Economic Growth-Economic Growth Macroeconomics and Economic Growth-Economic Policy; Institutions and Governance Macroeconomics and Economic Growth-Macroeconomic Management (search for similar items in EconPapers)
Date: 2011-09
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