From Global Collapse to Recovery [electronic resource] : Economic Adjustment and Growth Prospects in Latin America and the Caribbean.
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TextSeries: Latin America and Caribbean Semiannual Report | World Bank e-LibraryPublication details: Washington, D.C. : The World Bank, 2010Subject(s): Adverse Effects | Capital | Capital Flows | Central Banks | Commodity Prices | Credit | Currencies and Exchange Rates | Debt | Dutch Disease | Economic Growth | Economy | Equity | Exporters | External Shocks | Federal Reserve | Finance | Finance and Financial Sector Development | Financial Crisis | Financial Institutions | Financial Policy | Fiscal Policy | Gdp | Global Economy | Human Capital | Incentives | Inflation | Insurance | Interest Rates | Investment Climate | Labor Markets | Labor Policies | Layoffs | Macroeconomics and Economic Growth | Management | Market Forces | Monetary Policy | Productivity | Public Spending | Regulatory Reform | Side Effects | Slowdown | Social Protections and Labor | Surplus | Trade | Uncertainty | Unemployment | WagesOnline resources: Click here to access online Abstract: The global crisis is now in the rear view mirror and world growth is being restored. In sharp contrast with past episodes of global turmoil, this time the recovery is led by the periphery, specifically by the larger and more dynamic emerging markets (Brazil, China, India, South Korea, Malaysia, Philippines, and Thailand). For this group of emerging markets (EMs), the contraction in economic activity was much smaller than that of rich countries, the recovery started earlier, and the rebound has been much steeper. Latin America and the Caribbean (LAC) are second among emerging regions, after Asia, in the strength of the recovery. The first part of the report focuses on macroeconomic and financial aspects, emphasizing the outlook going forward. Finally, the second part examines some aspects of the adjustment in labor markets during this crisis in comparison to previous ones.
The global crisis is now in the rear view mirror and world growth is being restored. In sharp contrast with past episodes of global turmoil, this time the recovery is led by the periphery, specifically by the larger and more dynamic emerging markets (Brazil, China, India, South Korea, Malaysia, Philippines, and Thailand). For this group of emerging markets (EMs), the contraction in economic activity was much smaller than that of rich countries, the recovery started earlier, and the rebound has been much steeper. Latin America and the Caribbean (LAC) are second among emerging regions, after Asia, in the strength of the recovery. The first part of the report focuses on macroeconomic and financial aspects, emphasizing the outlook going forward. Finally, the second part examines some aspects of the adjustment in labor markets during this crisis in comparison to previous ones.
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