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.
Infrastructure Needs for a Resurgent Latin America
Infrastructure Needs for a Resurgent Latin America
Introduction1
Central to Latin America's long-term economic prospects and social well-being is increased investment in infrastructure. Various studies carried out by multilateral institutions such as Corporación Andina de Fomento (CAF) and the World Bank, as well as many national authorities have repeatedly emphasized the critical role of quality infrastructure services in enhancing economic productivity and competition, and in accelerating social inclusion. Additionally, it is widely acknowledged that physical connectivity is essential for facilitating regional trade and cooperation between Latin American economies. In short, infrastructure development is critical to all three major pillars of the strategy proposed in this book: enhancing social inclusion, increasing economic productivity, and promoting greater openness and regional ...
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