Sustaining Latin America's Resurgence : Some Historical Perspectives

This paper looks at the historical lessons that might serve to entrech Latin America's newly resurgent growth phase. It briefly reviews the post-World War II experiences in Latin America and Asia, focusing on the conditions that favored capital accumulation and productivity growth in the faster growing economies. Among these, the paper highlights the importance of stable macroeconomic policies, especially fiscal policy.
Publication date: November 2006
ISBN: 9781451865127
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Economics- Macroeconomics , Money and Monetary Policy , Macroeconomic Policy , Policy Design and Consistency , Economic Growth , Open Economies , fiscal policy , exchange rate , exchange rate regimes , discretionary fiscal policy , exchange rates , Prices , Business Fluctuations , and Cycles: General (includes Measurement and Data)

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