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- W124379131 abstract "The aftermath of the global financial crisis has reshaped world growth and demand patterns,leading to a two-speed recovery, with slow growth in industrial countries and fast growth inemerging markets. This new global scenario is defining a constellation of globalmacroeconomic conditions that has very different implications for subsets of countries in LatinAmerica and the Caribbean. The report conveys three key messages: first, in this new globaleconomic environment, key structural characteristics of Latin America and the Caribbeancountries are defining two quite different regional clusters in terms of opportunities andchallenges ahead. Second, substantial changes in trade and capital flow patterns, as well as inthe international financial architecture, are already taking place and will impact the regionalclusters in different ways. Third, economic policy design will have to accommodate thesedifferences in order to ensure widespread and stable growth.This report was coordinated by Alejandro Izquierdo and Ernesto Talvi, with contributions fromEduardo Fernandez-Arias, Eduardo Lora, Mauricio Mesquita-Moreira, Ignacio Munyo, AndrewPowell, and Alessandro Rebucci1. The views expressed in this report do not necessarily reflectthose of the management of the Inter-American Development Bank or of its Board ofDirectors." @default.
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- W124379131 date "2011-01-01" @default.
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- W124379131 title "One Region, Two Speeds? Challenges of the New Global Economic Order for Latin America and the Caribbean" @default.
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