Commodity Export Instability and Growth in the Latin American Economies
Author: Montague J. Lord
Publisher:
Published: 1978
Total Pages: 82
ISBN-13:
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Author: Montague J. Lord
Publisher:
Published: 1978
Total Pages: 82
ISBN-13:
DOWNLOAD EBOOKAuthor: Alasdair Macbean
Publisher: Routledge
Published: 2012-07-26
Total Pages: 370
ISBN-13: 1136877665
DOWNLOAD EBOOKWhen this work was first published in 1966, there was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries. The book concluded that short term fluctuations in export earnings, though perhaps important for some countries, did not appear to be the general problem that had been assumed. If correct, it would suggest that any measures should be carefully designed to fit the situations of countries that were affected and be subjected to cost-benefit analysis. This led to many published and unpublished studies on the issues: some supported, others contradicted the book’s conclusions. The data available now are vastly greater and probably more accurate than pre-1966. However, the work and the issues it raised remain important because most schemes proposed to reduce export instability would be costly and likely to divert resources from uses more obviously aimed at raising economic development in most developing countries.
Author: Miguel Urrutia
Publisher:
Published: 1991
Total Pages: 184
ISBN-13:
DOWNLOAD EBOOKEconomic and social conditions in Latin America 1913-1950; Twenty-five years of economic growth and social progress; A comparative analysis of structural transformation; The determinants of international trade in Latin America's commodity exports.
Author: Bertrand Gruss
Publisher: International Monetary Fund
Published: 2014-08-15
Total Pages: 43
ISBN-13: 1484330773
DOWNLOAD EBOOKAfter skyrocketing over the past decade, commodity prices have remained stable or eased somewhat since mid-2011—and most projections suggest they are not likely to resume the upward trend observed in the last decade. This paper analyzes what this turn in the commodity price cycle may imply for output growth in Latin America and the Caribbean. The analysis suggests that growth in the years ahead for the average commodity exporter in the region could be significantly lower than during the commodity boom, even if commodity prices were to remain stable at their current still-high levels. Slower-than-expected growth in China represents a key downside risk. The results caution against trying to offset the current economic slowdown with demand-side stimulus and underscore the need for ambitious structural reforms to secure strong growth over the medium term.
Author: Noemi Levy
Publisher: Routledge
Published: 2018-12-07
Total Pages: 436
ISBN-13: 0429874413
DOWNLOAD EBOOKFinancial capital continues to dominate Western economic organisations, despite major financial and economic crises. While these have not affected Latin American countries in the same way, other economic problems emerged after the reversion of loose monetary policies that debilitated the export-led growth model. This book discusses the issue of the financialised globalisation model in Latin America, looking at the region’s relationship with the international market. This edited collection is divided into three main sections. The first section discusses regional trends highlighting issues of trade and payments in financialised economies, the impact on deindustrialisation, its effect on inequality, external capital movements and monetary policies. The second section analyses the failure of comparative advantages of the export-led model in Colombia, Argentina and Mexico. Finally, the last section deals with the growth of financial balance sheets in small and developing economies such as Chile; how growth, investment and big corporation evolution were affected in Brazil and Mexico; and the effects of foreign exchange activity in Mexico. Through these discussions, this book aims to deepen the understanding of the crisis of financialisation and the export-led model, raising the question of whether it is possible for this model to continue or if it requires major readjustments to unfold economic growth. This book provides a distinctive analysis of the financialisation mechanisms in developing countries in order to emphasise affinities and differences between the countries of the region in productive and financial terms. It will be of great interest to economic and social science scholars and students, to journalists specialising on economic and development issues, and, more importantly, to policy makers.
Author: Jorge Thompson Araujo
Publisher: World Bank Publications
Published: 2016-11-09
Total Pages: 175
ISBN-13: 1464806594
DOWNLOAD EBOOKBeyond Commodities shows that Latin America and the Caribbean’s growth performance over the last decade cannot be reduced to the commodity boom: growth-promoting reforms that strengthened financial development, increased trade openness and improved infrastructure development also played a significant role and can continue doing so. Based on the econometric analysis of panel data from the 1970-2010 period for 126 countries, the study shows that, while the commodity boom facilitated growth in most of the region, it did not determine it. Domestic pro-growth policies and the maintenance of a sound macro-fiscal framework played a central role in explaining the region’s good performance during last decade. It also shows that new growth “stars†? such as Panama, Peru, Colombia and the Dominican Republic emerged during this period. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. Finally, with the worsening of external conditions, the authors conclude that the countries of Latin America and the Caribbean have no choice but to turn their attention to domestic drivers to keep growth going, as the structural reforms agenda remains unfinished.
Author: Sheila Amin Gutiérrez de Piñeres
Publisher: Ashgate Publishing
Published: 2000
Total Pages: 200
ISBN-13:
DOWNLOAD EBOOKThis text aims to be essential reading for anyone who wishes to understand the microeconomic foundations behind the Latin American export boom, the ways in which government policies affecting exports may retard or promote economic growth, and the future prospects of the proposed Free Trade Association of the Americas. The authors conduct an econometric analysis which uses measures of export diversification, structural change in exports, and exports similarity which provide a basis for region-wide comparisons. The cases of Chile, Colombia, Mexico and Venezuela are analyzed in particular detail. Cross-country analysis focuses on the potential role of export diversification in promoting economic growth, in the context of other important determinants of growth.
Author: Ricardo Ffrench-Davis
Publisher: Springer
Published: 1982-06-18
Total Pages: 270
ISBN-13: 1349056944
DOWNLOAD EBOOKAuthor: Vivianne Ventura-Dias
Publisher: Santiago, Chile : United Nations Economic Commission for Latin America and the Caribbean, International Trade and Development Finance Division, International Trade Unit
Published: 1999
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOKA paper considering the composition of exports as a crucial determinant of the relationship between exports and growth. The trade performance of 16 Latin American countries is examined over the last 20 years, grouping trade data according to the technology used to produce individual goods.
Author: Eva Paus
Publisher: Routledge
Published: 2019-07-11
Total Pages: 225
ISBN-13: 1000313409
DOWNLOAD EBOOKToday, most of the countries in Central America and the Caribbean share a common set of problems and structural characteristics that are the result of a similar history of economic development. The specific articulation of these characteristics and the severity of the economic problems in any particular country, of course, vary. In general, the economies of the region are small, agricultural export economies. Sugar, bananas, coffee, and meat have been the main export items for most countries, but natural resource exports-bauxite and oil-have played a key role for a few Caribbean countries.