Structural Change And Growth In Central America And The Dominican Republic
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Structural Change and Growth in Central America and the Dominican Republic by Hugo E. Beteta,Juan Carlos Moreno-Brid Pdf
Foreword -- The current global economic context: will the international financial crisis be surmounted or revisited? -- Economic growth and stabilization in Central America and the Dominican Republicin 1990-2011 -- Labour markets, inequality and poverty -- Central America and the Dominican Republic: role in the world economy and structural change -- The balance of payments and economic growth in Central America and the Dominican Republic -- Macroeconomic policy: main instruments and objectives -- Reflections on a macroeconomic policy for development -- Bibliography -- Annex
Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic by Ms.Kimberly Beaton,Mr.Roberto Garcia-Saltos,Mr.Lorenzo U Figliuoli Pdf
Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region’s growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development).
Challenges and Change in Middle America by Katie Willis,Cathy Mcilwaine Pdf
A comprehensive introduction to the important economic, social and political processes and development issues in this extremely popular region. The Central American nations and those of the Caribbean (including Guyana, Surinam and French Guiana on the mainland) share many historical processes as well as experiencing similar development problems today. These include European colonialism, structural adjustment, small size, reliance on primary production, influence of the United States and moves towards democratisation. While Mexico is obviously a much larger country in area, economy and population terms, it is included in this volume because of its close ties to the other countries in the region through processes such as trade and migration.
Central America, Panama, and the Dominican Republic by Mr.Marco Pinon,Mr.Alejandro Lopez Mejia,M. (Mario) Garza,Mr.Fernando L Delgado Pdf
Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision.
Decentralization and Reform in Latin America by Giorgio Brosio,Juan Pablo Jiménez Pdf
'This volume provides a splendid and wide-ranging collection of studies analyzing the political-economy of decentralization in Latin-America. It's a fascinating story with numerous and profound insights into how fiscal decentralization actually works in the context of a variety of fiscal institutions and in a setting with a high degree of inequality in the distribution of income and territorial disparities.' - Wallace E. Oates, University of Maryland, US
The celebratory tone about the emergence of the BRICs and the improved growth in Sub Saharan Africa and Latin America during the 2000s obscures the reality that, for large parts of the developing world, the development challenges are more acute than ever before. After three decades of Washington Consensus policies, deepening globalization, and China's and India's increasing competitiveness in ever more goods and services, many developing countries are now facing three critical challenges: how to engender a transformation of the production structure that creates many more productive jobs, how to make growth more inclusive, and how to stimulate a growth process compatible with environmental sustainability. This book brings together development scholars and practitioners from multiple academic disciplines and policy perspectives to analyze important facets of this triple challenge, to explore interconnections among them and suggest strategies for overcoming the challenges in the current age of globalization. Three features distinguish this book from other current works in the field. First, this book looks beyond the current global crisis and short-term growth opportunities and analyzes the challenges to development from a long-term perspective. Second, books on the barriers to development tend to concentrate on one of the three challenges, e.g. Barbier (2010) A Global Green New Deal on environmental sustainability; Cimoli, Dosi, Stiglitz (2009) Industrial Policy and Development on structural transformation; and Milanovic (2011) The Have and the Have-Nots on exclusion. This book, in contrast, brings the three challenges together to emphasize that they challenges are interlinked and that strategies and policies must begin to recognize these interconnections to address different aspects of the challenges concomitantly. Finally, the contributors to the book include some of the most renowned development thinkers of our time.
Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean
Author : Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean Publisher : United Nations Publications Page : 164 pages File Size : 47,5 Mb Release : 2001 Category : Business & Economics ISBN : UCSD:31822029884582
Structural Reforms, Productivity and Technological Change in Latin America by Jorge M. Katz,United Nations. Economic Commission for Latin America and the Caribbean Pdf
In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.
Several countries in Latin America and the Caribbean are suffering severe economic downturns and the success of market-oriented reforms is being called into question. This report seeks to contribute to the debate by examining the nature of economic growth in the region. The aim is threefold: to describe the basic characteristics of growth; explain differences across countries and to forecast changes over the next decade.
Long-term Trends in Latin American Economic Development by Miguel Urrutia Pdf
Economic and social conditions in Latin America 1913-1950; Twenty-five years of economic growth and social progress; A comparative analysis of structural transformation; The determinants of international trade in Latin America's commodity exports.
Economic Survey of Latin America and the Caribbean 2013 by United Nations Pdf
The Economic Survey of Latin America and the Caribbean 2013 analyses the policies required to improve the perspectives of sustainable regional growth. It reviews the links between economic growth and investment and employment, as well as the fiscal and monetary policies, industrial, trade and social policies relevant for short and long-term growth. Special attention is given to regional key issues such as its structural heterogeneity, its high levels of inequality and the challenges of environmental sustainability. Additionally, the region s economic evolution during the first semester of 2013 is analyzed in this survey."
The Dominican Republic by Jimmy McHugh,P. Isard,VÁRIOS AUTORES,Philip M. Young,Jaime Cardoso,David Dunn,International Monetary Fund Staff,Alessandro Giustiniani,Werner Keller,Francisco Nadal-De Simone,John Panzer,Randa Sab,Soto. Raimundo,Evan Tanner Pdf
This report presents a number of papers that consider the efforts made to achieve stabilisation, structural reform and growth in the economy of the Dominican Republic during the 1980's and 1990's. Issues discussed include: trade reforms; external debt restructuring; fiscal policy and macroeconomic stability; sources of economic growth and the free trade zones; monetary policy, exchange rates and interest rates.
OECD,United Nations Conference on Trade and Development,Economic Commission for Latin America and the Caribbean
Author : OECD,United Nations Conference on Trade and Development,Economic Commission for Latin America and the Caribbean Publisher : OECD Publishing Page : 124 pages File Size : 53,9 Mb Release : 2020-07-29 Category : Electronic ISBN : 9789264608177
OECD Development Pathways Production Transformation Policy Review of the Dominican Republic Preserving Growth, Achieving Resilience by OECD,United Nations Conference on Trade and Development,Economic Commission for Latin America and the Caribbean Pdf
The Dominican Republic, though the fastest-growing economy in Latin America and the Caribbean since 2010, cannot afford complacency. The COVID-19 crisis may accelerate existing global trends that created the need for reforms addressing structural weaknesses that lurked beneath the surface well before the pandemic. The Production Transformation Policy Review (PTPR) of the Dominican Republic identifies priority reforms to update the national strategy, with perspectives on agro-food and nearshoring.
Beyond Commodities by Jorge Thompson Araujo,Ekaterina Vostroknutova,Markus Brueckner,Mateo Clavijo,Konstantin M. Wacker Pdf
Beyond Commodities shows that Latin America and the Caribbean’s growth performance over the last decade cannot be reduced to the commodity boom: growth-promoting reforms that strengthened financial development, increased trade openness and improved infrastructure development also played a significant role and can continue doing so. Based on the econometric analysis of panel data from the 1970-2010 period for 126 countries, the study shows that, while the commodity boom facilitated growth in most of the region, it did not determine it. Domestic pro-growth policies and the maintenance of a sound macro-fiscal framework played a central role in explaining the region’s good performance during last decade. It also shows that new growth “stars†? such as Panama, Peru, Colombia and the Dominican Republic emerged during this period. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. Finally, with the worsening of external conditions, the authors conclude that the countries of Latin America and the Caribbean have no choice but to turn their attention to domestic drivers to keep growth going, as the structural reforms agenda remains unfinished.
