Growth, employment, and equity : the impact of the economic reforms in Latin America and the Caribbean / Barbara Stallings, Wilson Peres.

Format:

Book

Author/Creator:

Stallings, Barbara.

Contributor:

Peres, Wilson.

Language:

English

Subjects (All):

Free enterprise--Latin America.

Free enterprise.

Free enterprise--Caribbean Area.

Latin America--Economic policy.

Latin America.

Caribbean Area--Economic policy.

Caribbean Area.

Latin America--Economic conditions--1982-.

Caribbean Area--Economic conditions--1945-.

Physical Description:

1 online resource (269 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : Brookings Institution Press : [Santiago, Chile] : United Nations, Economic Commission for Latin America and the Caribbean, c2000.

Language Note:

English

Summary:

A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication In the last ten to fifteen years, the Latin American and Caribbean region has undergone the most significant transformation of economic policy since World War II. Through a series of structural reforms, an increasing number of countries have moved from closed, state-dominated economies to ones that are more market oriented and open to the rest of the world. Policymakers expected that these changes, in conjunction with lower rates of inflation and increased spending in the social area, would speed up economic growth, increase productivity, and lead to the creation of more jobs and greater equality. Have those expectations been fulfilled? Analyzing the impact of the reforms in nine countries (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru), this study provides a detailed picture of progress to date. At the overall regional level, the book suggests, the reforms have had a surprisingly small impact: a small positive impact on investment and growth, and a small negative impact on employment and income distribution. But at the country, sectoral, and microeconomic levels, it finds evidence of strong effects, with some units doing very well and others falling behind.

Contents:

Front Cover

Title Page

Copyright Information

Table of Contents

Foreword

Preface

A New Approach to Analyzing Reforms: Macro-Micro Linkages

The International Context: Trade and Capital Flows

Structural Reforms and Public Policies

Investment, Productivity, and Growth: Recovery and Modest Advances

Employment and Equity: Continuing Challenges

Heterogeneity in Responses of Sectors and Firms

A Policy Agenda for the Next Decade

References

Addional Project Publications

Index

Back Cover.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 225-231) and index.

ISBN:

9780815798293

0815798296

OCLC:

70742408