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Growth, employment, and equity : the impact of the economic reforms in Latin America and the Caribbean / Barbara Stallings, Wilson Peres.
- Format:
- Book
- Government document
- Author/Creator:
- Stallings, Barbara.
- Language:
- English
- Subjects (All):
- Free enterprise.
- Latin America--Economic policy.
- Latin America.
- Economic policy.
- Caribbean Area--Economic policy.
- Caribbean Area.
- Latin America--Economic conditions--1982-.
- Economic conditions.
- Caribbean Area--Economic conditions--1945-.
- Free enterprise--Latin America.
- Free enterprise--Caribbean Area.
- Physical Description:
- xiv, 252 pages : illustrations ; 23 cm
- Place of Publication:
- Santiago, Chile : United Nations, Economic Commission for Latin America and the Caribbean ; Washington, D.C. : Brookings Institution Press, [2000]
- Summary:
- This study represents the results of a three-year research project conductedl by the Economic Commission for Latin America and the Caribbean (ECLAC) to analyze the impact of economic reforms in the last two decades in nine Latin America and Caribbean countries.
- Contents:
- 1 A New Approach to Analyzing Reforms: Macro-Micro Linkages 1
- The Literature on the Reforms 2
- A New Conceptual Framework 7
- Six Propositions 11
- Methodological Considerations 13
- 2 The International Context: Trade and Capital Flows 17
- Latin American Trade Relations 19
- Capital Flows to Latin America 25
- 3 Structural Reforms and Public Policies 35
- First Generation Structural Reforms 36
- Macroeconomic Policies and Outcomes 51
- Links between Reforms and Macroeconomic Policy 62
- Social Policy and Social Expenditure 64
- 4 Investment, Productivity, and Growth: Recovery and Modest Advances 72
- Long-term Trends in Investment and Productivity 75
- Post-Reform Phases of Investment and Technological Change 80
- The Impact of the Reforms on Investment 86
- Reforms and Growth 88
- Accounting for Differences in Growth 92
- The Impact of the Reforms on Growth 99
- Growth and the External Sector 102
- 5 Employment and Equity: Continuing Challenges 110
- The Supply Side: Demography and Education 113
- The Impact of the Reforms on Employment 116
- Wages and the Wage Differential 126
- Trends in Primary Income Distribution 129
- The Impact of the Reforms on Household Income Distribution 137
- The Impact of Social Expenditure on Equity 142
- 6 Heterogeneity in Responses of Sectors and Firms 153
- The Sectoral Dynamics of the Economy as a Whole 155
- Specialization and Heterogeneity in Manufacturing 166
- Specialization and Polarization in Agriculture 178
- Natural Advantages and Access to Foreign Investment in Mining 182
- Technological Revolution and Privatization in Electricity and Telecommunications 186
- Increasing Heterogeneity in Sectoral Employment 191
- 7 A Policy Agenda for the Next Decade 202
- The Reforms and Their Impact 202
- Recommendations to Improve the Outlook for the Region 210.
- Notes:
- Includes bibliographical references (pages 225-231) and index.
- ISBN:
- 0815780877
- OCLC:
- 43615245
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