This book tackles the complex issue of how to accelerate economic growth and ensure sustainability in Latin America. It first lays out the framework designed by experts in the economics and politics of growth in the region. Although simple and intuitive, the framework addresses the many ingredients that shape economic growth there, including macroeconomics, the quality of political institutions, productivity, income inequality, democracy, and resistance to reform.
A second group of experts then apply the framework to five countries: Brazil, Colombia, Costa Rica, Mexico, and Peru. They provide specific policy recommendations on how to proceed with the reform process while taking into account the local conditions (economic, social, and political) that characterize the individual countries.
|Publisher:||Brookings Institution Press|
|Product dimensions:||6.10(w) x 9.20(h) x 0.90(d)|
About the Author
Liliana Rojas-Suarez is a senior fellow at the Center for Global Development and chair of the Latin American Shadow Financial Regulatory Committee. She has previously served as managing director and chief economist for Latin America at Deutsche Bank and as the principal advisor in the Office of the Chief Economist at the Inter-American Development Bank.
Table of Contents
1 Introduction: A New Approach to Growth in Latin America Liliana Rojas-Suarez 1
2 Helping Reforms Deliver Growth in Latin America: A Framework for Analysis CGD Task Force 38
3 Pro-and Anti-Market Reforms in Democratic Brazil Armando Castelar Pinheiro Regis Bonelli Samuel de Abreu Pess&ohat;a 68
4 Colombia's Efforts at Achieving Inclusive and Sustainable Growth Roberto Steiner Irene Clavijo Natalia Salazar 111
5 Political and Institutional Obstacles to Reform in Costa Rica Jorge Cornick Albreto Trejos 153
6 How Can Reforms Help Deliver Growth in Mexico? Gerardo Esquivel Fausto Hernández-Trillo 192
7 Helping Reforms Deliver Inclusive Growth in Peru Eduardo Morón Juan Francisco Castro Cynthia Sanborn 236