Sustaining Latin America's Resurgence: Some Historical Perspectives

Author/Editor:

Anoop Singh ; Martin D. Cerisola

Publication Date:

November 1, 2006

Electronic Access:

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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.

Series:

Working Paper No. 2006/252

Subject:

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

English

Publication Date:

November 1, 2006

ISBN/ISSN:

9781451865127/1018-5941

Stock No:

WPIEA2006252

Pages:

37

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