IMF Working Papers

Sustaining Latin America's Resurgence: Some Historical Perspectives

By Anoop Singh, Martin D. Cerisola

November 1, 2006

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Anoop Singh, and Martin D. Cerisola Sustaining Latin America's Resurgence: Some Historical Perspectives, (USA: International Monetary Fund, 2006) accessed December 10, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Capital accumulation, Exchange rate arrangements, Financial crises, Fiscal policy, Foreign exchange, National accounts, Production, Productivity

Keywords: A number of country, Asia and Pacific, Capital accumulation, Central bank, Chile's policy framework, Competitive price, Country authorities, Country risk, East Asia, Economic Growth, Exchange rate arrangements, Exchange rate regime, Fiscal policy volatility, Foreign direct investment, Global, Government intervention, Inflation targeting, Latin American country, Macroeconomic Policy, Open Economies, Per capita income, Physical capital, Policy Design and Consistency, Private sector, Productivity, Reforming country, WP

Publication Details

  • Pages:

    37

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2006/252

  • Stock No:

    WPIEA2006252

  • ISBN:

    9781451865127

  • ISSN:

    1018-5941