Latin America and the Rising South : Changing World, Changing Priorities / de la Torre, Augusto

Format:

Book

Government document

Author/Creator:

Torre, Augusto de la.

Didier, Tatiana, author.

Schmukler, Sergio L., author.

Lederman, Daniel, 1968- author.

Ize, Alain, author.

Contributor:

World Bank Group, Content Provider.

Series:

Latin America and Caribbean Studies

World Bank e-Library.

Language:

English

Subjects (All):

Economic development--Caribbean Area.

Economic development.

Economic development--Latin America.

Economic development--Southern Hemisphere.

Caribbean Area--Economic conditions--1945-.

Caribbean Area.

Southern Hemisphere--Economic conditions--21st century.

Southern Hemisphere.

Latin America--Economic conditions--1982-.

Latin America.

Physical Description:

1 online resource (248 pages)

Edition:

1st ed.

Place of Publication:

Washington, D.C., The World Bank, 2015.

Language Note:

English

System Details:

data file

Summary:

The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need to go beyond this North-South dichotomy. This tectonic re-configuration of the global landscape has brought about significant changes to countries in the Latin America and Caribean (LAC) region. The time is ripe for an in-depth analysis of the dynamics and nature of LAC's external connections.This latest volume in the World Bank Latin American and Caribbean Studies series will focus on the implications of these trends for the economic development of LAC countries. In particular, trade, financial, macroeconomic, and sectoral shifts, as well as labor-market aspects will be systematically analyzed.

Contents:

Cover

Contents

Foreword

Acknowledgments

Abbreviations

Overview

Changes at the center of the world economy

How the rise of the South conditioned development in Latin America and the Caribbean: An interpretation

Changing world, new priorities

Structure of the report

Annex OA

Notes

References

1. Three Global Trends That Shaped Latin American and Caribbean Development at the Dawn of the Twenty-First Century

Set of Facts 1: The weight of the South in the global economy has risen, particularly after 2000, but its rise has not been even across sectors or types of flows

Set of Facts 2: The rise of the South has had asymmetric effects on global trade and financial networks

Set of Facts 3: The structure of bilateral trade and financial connections of the South has been generally different from that of the North, with geography and endowments arguably shaping their evolving structure

2. The Structure of Trade Linkages and Economic Growth

Trade and economic growth

The nature of traded goods

The nature of trading partners

Potential frictions affecting trade and growth dynamics

Annex 2A

3. Big Emerging Markets, Big Labor Market Dislocations?

The rise of the South and the restructuring of global markets in manufacturing, agriculture, and mining

A closer look at manufactures exports and the role of China through the lens of export similarity

Recent trends in manufacturing employment in Latin America and the Caribbean

Labor market adjustment paths in response to the rise of China

Potential distributional implications of China-induced labor market adjustments

Concluding remarks

4. The Changing Patterns of Financial Integration in Latin America and the Caribbean.

The role of Latin America and the Caribbean in international financial transactions

Growth in the intensive and extensive margins

Financial flows and trade flows

Foreign direct investment and GDP growth

Annex 4A

5. Ascending with the South Winds: Will Low Saving in Latin America and the Caribbean Be a Drag?

Concepts and literature review: When does saving matter for trend growth?

Looking back: Latin America and the Caribbean under the spell of the interest rate channel

Looking ahead: Growth-impairing effects of low saving through the exchange rate channel

Annex 5A The Benchmarking Approach

Annex 5B

Boxes

1.1 Differences in international trade integration: The case of Latin America and the Caribbean and East Asia

2.1 Methodology of trade and growth regression estimations Index.

Notes:

Description based upon print version of record.

Includes bibliographical references.

Creative Commons Attribution 4.0 International. CC BY 4.0 https://creativecommons.org/licenses/by/4.0/

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

1-4648-0432-X

1-4648-0356-0

OCLC:

910069780

Publisher Number:

10.1596/978-1-4648-0431-1

Access Restriction:

Unrestricted online access.