IDEAS home Printed from https://ideas.repec.org/a/ecr/col070/46926.html
   My bibliography  Save this article

Structural asymmetries and the health crisis: the imperative of a transformative recovery for the advancement of sustainable development in Latin America and the Caribbean

Author

Listed:
  • Bárcena Ibarra, Alicia
  • Cimoli, Mario

Abstract

This article underscores the pressing need to transition to a new development model in Latin America and the Caribbean as the region strives to cope with the current health emergency. Statistics show that the Latin American and Caribbean region has been hit harder by the pandemic than any other and that it has also sustained the most damage in economic and social terms. This is attributable to long-standing structural factors that set the stage for the emergence of its present dysfunctional development pattern. The region grew by a scant 0.4% per year between 2014 and 2019 against the backdrop of a widening external productivity gap, deepening structural heterogeneity, low-productivity development paths and a declining share of wages in GDP. All this has eroded its social and economic development process. The economic reactivation effort must therefore be based on a package of coordinated, ambitious structural reforms in the areas of production, fiscal policy and institutional affairs in order to forge an inclusive and sustainable development style.

Suggested Citation

  • Bárcena Ibarra, Alicia & Cimoli, Mario, 2020. "Structural asymmetries and the health crisis: the imperative of a transformative recovery for the advancement of sustainable development in Latin America and the Caribbean," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:46926
    as

    Download full text from publisher

    File URL: http://repositorio.cepal.org/handle/11362/46926
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ocampo, José Antonio, 2020. "International financial cooperation to address the Latin American economic crisis," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. -, 2019. "CEPAL Review no. 128," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    3. Bárcena Ibarra, Alicia & Torres, Miguel, 2019. "Del estructuralismo al neoestructuralismo: la travesía intelectual de Osvaldo Sunkel," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 44710, March.
    4. -, 2020. "CEPAL Review no. 131," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    5. -, 2020. "CEPAL Review no. 132. Special Issue. COVID-19 and the socioeconomic crisis in Latin America and the Caribbean," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hernández Rosario, Anna Cristina, 2022. "Regional policy brief on building urban economic resilience during and after COVID-19 in Latin America and the Caribbean," Documentos de Proyectos 47873, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dip, Juan Antonio & Gamboa, Luis Fernando, 2019. "The heterogeneity of effects of preschool education on cognitive outcomes in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Kwabena Adu-Ababio & Aliisa Koivisto & Eliya Lungu & Evaristo Mwale & Jonathan Msoni & Kangwa Musole, 2023. "Estimating tax gaps in Zambia: A bottom-up approach based on audit assessments," WIDER Working Paper Series wp-2023-25, World Institute for Development Economic Research (UNU-WIDER).
    3. Segundo Camino‐Mogro, 2023. "Tax incentives, private investment and employment: Evidence from an Ecuadorian reform," Journal of International Development, John Wiley & Sons, Ltd., vol. 35(7), pages 2129-2156, October.
    4. Juan Manuel Candelo-Viáfara & Carlos Hernán Gonzáles-Campo, 2022. "Efecto de la incertidumbre en las organizaciones del mercado accionario: una herramienta para la toma de decisiones y la inteligencia organizacional," Estudios Gerenciales, Universidad Icesi, vol. 38(162), pages 57-68, March.
    5. Scherrer Mendes, Philipe & Britto, Gustavo & Hermeto, Ana María, 2020. "Brazilian industry and knowledge absorption: internal and external company determinants," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    6. Fernández Domínguez, Amilcar O. & Gómez Hernández, Denise, 2019. "A multidimensional approach to the well-being of the population of the states of Mexico," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    7. Ramírez-Álvarez, José & Carrillo Maldonado, Paul, 2020. "Indicator of the efficiency of value added tax and income tax collection in Ecuador," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    8. Rivas, Ricardo, 2019. "Inherited and social factors explaining early skills inequality: the case of Chilean children," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    9. Oviedo Gómez, Andrés Felipe & Sierra, Lya Paola, 2019. "The importance of terms of trade in the Colombian economy," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    10. Jeremy Heald & Erick Trevi~no Aguilar, 2020. "Does Subjective Well-being Contribute to Our Understanding of Mexican Well-being?," Papers 2004.11420, arXiv.org.
    11. Ocampo, José Antonio, 2020. "The COVID-19 crisis in Latin America in historical perspective," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    12. Abeles, Martín & Pérez Caldentey, Esteban & Porcile, Gabriel, 2020. "The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    13. Mardones D., Cristián, 2019. "Short- and long-term ex post evaluation of community-based environmental initiatives in Chile," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    14. Iwasaki, Ichiro, 2022. "The finance-growth nexus in Latin America and the Caribbean: A meta-analytic perspective," World Development, Elsevier, vol. 149(C).
    15. Pessoa, Filipe de Morais Cangussu & Braga, Marcelo José, 2019. "Economic growth and financial development in Brazil: a flexible regression model approach," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    16. Dairo Alonso Canón-Murcia, 2021. "El problema del desarrollo económico en el Municipio de Tausa – Cundinamarca bajo las administraciones municipales 2004-2019," Ensayos de Economía 19350, Universidad Nacional de Colombia Sede Medellín.
    17. Juan Carlos Moreno-Brid & Lorenzo Nalin & Edgar Pérez-Medina, 2022. "External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era: A balance-of-payments constrained growth (BPCG) perspective," PSL Quarterly Review, Economia civile, vol. 75(303), pages 313-354.
    18. Cherkasky, Martín & Abeles, Martín, 2019. "Monetary regimes and labour institutions: an alternative interpretation of the downward trend in exchange-rate passthrough in peripheral countries," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecr:col070:46926. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca CEPAL (email available below). General contact details of provider: https://edirc.repec.org/data/eclaccl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.