Sources of Growth in Latin America: What Is Missing?
Fernández-Arias, Eduardo; Blyde, Juan S.; Gill, Indermit S.; Monge Naranjo, Alexander; Neumeyer, Pablo A.; Fernández Valdovinos, Carlos G.; Pinheiro, Armando Castelar; Fuentes, J. Rodrigo; Hopenhayn, Hugo A.; Thomas, Mark Roland; Manuelli, Rodolfo E.; Chumacero, Rómulo A.; Servén, Luis
Manuelli, Rodolfo E.; Blyde, Juan S.; Fernández-Arias, Eduardo
The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and Caribbean Economic Association (LACEA). Latin American countries are falling behind. The growth record of Latin America in the recent past has been poor. For decades the average income per capita in Latin America has fallen relative to those of other countries, raising concerns about the capacity of the region to emulate more successful developing countries and lift its living standards closer to those of the developed world. What is failing? Two overview chapters, six country studies and four background thematic studies have been assembled in this book to present a comprehensive answer to this question.