Latin America and the Caribbean's Long-Term Growth

This semiannual report examines short-run and long-run challenges for economic growth for the Latin America and the Caribbean (LAC) region in the aftermath of the 2008-09 global financial crisis. The first part of this report provides an overview of recent economic developments, including an analysis of the sources of external risks for short-term economic activity in the region, and an in-depth look at whether LAC can leverage its deepening connections with China and turn it into an important (but not the only one) source of long-term growth. It also discusses policy response options for the short and long-term horizons. The second part of the report documents and analyzes the emergence, over the last decade, of a downward trend in education earnings premia (the additional earnings associated with a higher level of education), which is believed to reflect a re-balancing between higher supply and lower demand for skills.

Bibliographic Details

Main Author:	World Bank
Format:	Serial biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2011-09
Subjects:	ADVANCED COUNTRIES, ADVANCED ECONOMIES, ADVANCED ECONOMY, ADVERSE EFFECTS, AGGREGATE DEMAND, ANNUAL GROWTH, AVERAGE GROWTH, BALANCE SHEET, BANKING SYSTEMS, BASIS POINTS, BENCHMARK, BILATERAL TRADE, BINDING CONSTRAINTS, BUFFERS, BUSINESS CYCLES, BUSINESS ENVIRONMENT, CAPACITY CONSTRAINTS, CAPITAL ACCOUNT, CAPITAL ACCUMULATION, CAPITAL FLOWS, CAPITAL FORMATION, CAPITAL GOODS, CAPITAL INFLOW, CAPITAL INFLOWS, CENTRAL BANKS, COMMODITIES, COMMODITY, COMMODITY EXPORTS, COMMODITY PRICE, COMMODITY PRICES, COMPARATIVE ADVANTAGE, COMPETITIVE EXCHANGE, COMPETITIVE EXCHANGE RATES, COMPETITIVENESS, CONNECTIVITY, CONSOLIDATION, CURRENCY, CURRENCY APPRECIATION, CURRENCY MISMATCHES, DEBT, DECISION MAKING, DEVELOPED COUNTRIES, DEVELOPED WORLD, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING ECONOMIES, DOMESTIC SAVINGS, DYNAMIC EMERGING ECONOMIES, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, ECONOMIC DOWNTURN, ECONOMIC DYNAMICS, ECONOMIC GROWTH, ECONOMIC OUTLOOK, ECONOMIC OVERHEATING, ECONOMIC PERFORMANCE, ECONOMIC PROGRESS, ECONOMIC RESEARCH, EDUCATIONAL ATTAINMENT, ELASTICITY, EMERGING MARKETS, EXCHANGE RATE, EXCHANGE RATE POLICIES, EXCHANGE RATES, EXPANSIONARY MONETARY POLICY, EXPORT COMPETITIVENESS, EXPORT REVENUE, EXPORTS, EXTERNAL CONDITIONS, EXTERNAL SHOCKS, FACTORS OF PRODUCTION, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL POLICIES, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL STABILITY, FINANCIAL SYSTEMS, FISCAL POLICIES, FISCAL POLICY, FIXED INVESTMENT, FLEXIBLE EXCHANGE RATES, FORECASTS, FOREIGN DIRECT INVESTMENT, GDP, GDP PER CAPITA, GINI COEFFICIENT, GLOBAL ECONOMIC LANDSCAPE, GLOBAL ECONOMY, GLOBAL EXPORTS, GLOBAL RISK, GLOBAL STOCK MARKETS, GOLD STANDARD, GROWTH FRONT, GROWTH MODEL, GROWTH PERFORMANCE, GROWTH POTENTIAL, GROWTH PROJECTIONS, GROWTH PROSPECTS, GROWTH RATE, GROWTH RATES, HIGH GROWTH, HIGH INCOME COUNTRIES, HUMAN CAPITAL, INCOME, INCOME INEQUALITY, INCOME LEVELS, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INDEBTEDNESS, INFLATION, INFLATION EXPECTATIONS, INFLATION RATE, INFLATION RATES, INFLATION TARGETING, INFLATIONARY PRESSURES, INFORMATION TECHNOLOGY, INFRASTRUCTURE INVESTMENT, INTEREST RATE, INTEREST RATES, INTERMEDIATE GOODS, INTERMEDIATE INPUTS, INTERNATIONAL FINANCIAL MARKETS, INTERNATIONAL RESERVE, INTERNATIONAL RESERVE POSITIONS, INTERNATIONAL TRADE, KNOWLEDGE DEVELOPMENT, LABOR COSTS, LABOR MARKETS, LEVERAGE, LIQUIDITY, LIVING STANDARDS, LOCAL CURRENCY, LONG-RUN GROWTH, LONG-TERM GROWTH, LOW INFLATION, MACROECONOMIC POLICIES, MACROECONOMIC POLICY, MARGINAL PRODUCT, MARKET TRENDS, MARKET VOLATILITY, MEDIUM TERM, METALS, MIDDLE INCOME COUNTRIES, MONETARY AUTHORITY, MONETARY POLICY, MORTGAGE, MORTGAGE MARKET, NATURAL RESOURCE, NATURAL RESOURCES, OUTPUT GAP, OUTPUT GROWTH, OUTSOURCING, PER CAPITA INCOME, POLICY ENVIRONMENT, POLICY MAKERS, POLITICAL SYSTEM, PORTFOLIO, POTENTIAL OUTPUT, POVERTY RATES, PRIMARY EDUCATION, PRIMARY PRODUCTS, PRO-POOR, PRODUCERS, PRODUCTION COSTS, PRODUCTION STRUCTURE, PRODUCTIVITY, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, PUBLIC DEBT, PUBLIC FINANCES, PUBLIC INFRASTRUCTURE, PUBLIC POLICIES, PUBLIC SECTOR, PURCHASING POWER, RATE OF GROWTH, REAL ECONOMIC ACTIVITY, REAL GDP, REAL GROWTH RATE, RELATIVE PRICES, RICH COUNTRIES, RISK AVERSION, SAFETY NETS, SAVINGS, SKILLED WORKERS, SOCIAL PROTECTION, SOCIAL SAFETY NETS, SOCIAL SECURITY, SOVEREIGN DEBT, STOCK MARKETS, SUSTAINABLE GROWTH, SYSTEMIC RISK, TECHNOLOGICAL PROGRESS, TECHNOLOGY FRONTIER, TERMS OF TRADE, TOTAL FACTOR PRODUCTIVITY, TRADE LIBERALIZATION, TRADE OPENNESS, TRADING SYSTEM, TREASURY, TREASURY BILLS, TURNOVER, UNCERTAINTIES, UNCERTAINTY, UNSKILLED LABOR, VALUE ADDED, VIRTUOUS CYCLES, WAGES, WORLD DEVELOPMENT INDICATORS, WORLD ECONOMY, WORLD INVESTMENT REPORT,
Online Access:	http://documents.worldbank.org/curated/en/208581468266159691/Latin-America-and-the-Caribbeans-long-term-growth-made-in-China https://hdl.handle.net/10986/26674
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