Summary
Contents
Subject index
Latin America 2040 presents a longer term vision of Latin American society and economies, within which current policy debates and actions must be anchored. It includes a set of multigenerational issues that must be tackled urgently in order for countries in the region to sharply reduce inequities as well as raise their economic growth rates. While most Latin Americans have weathered the latest economic turmoil reasonably well, the fact is that the region has been underperforming Asia for the past thirty years. Much of Latin America is mired in the “middle income trap”. This book argues that the current situation is untenable economically, socially and politically. At the same time, the authors believe that the region can and must aim higher and aspire to achieve much more rapid economic growth and a much faster reduction in disparities during the next three decades.
This book presents a bold and ambitious new vision of Latin America and offers an agenda for such a resurgence of Latin America. It offers a strategy for the regional economies to realize this vision by sharply raising their growth rates while achieving much more inclusive societies. This, in turn, will allow Latin America to reverse the trend of the past thirty years during which it steadily and significantly lost its share of the world economy and thus enter a new era of hope and prosperity.
Breaking Away from Mediocre Complacency to a Prosperous Future
Breaking Away from Mediocre Complacency to a Prosperous Future
Introduction
Latin America has been one of the most prosperous regions among Emerging Economies in terms of many indicators, including per-capita income. For many years, it grew at a faster rate than the rest of the world, and GDP per capita exceeded the average for the world. It was and is a source of primary commodities and a relatively small contributor to environmental degradation (with the exception of deforestation in the Amazon) relative to other major regions of the world. It also has acquired a fairly high educational level. However, particularly in recent decades, Latin America has not managed to keep up with other Emerging Markets. The ...
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