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La economía latinoamericana durante las primeras décadas del siglo XXI

Author

Listed:
  • Bértola, Luis

    (Universidad de la República)

  • Ocampo, José Antonio

    (Columbia University, ONU)

Abstract

This paper first analyzes the performance of Latin America during the long economic cycle that took place between 1998 and 2014, which combined the regional effects of the Asian crisis with a growth phase driven by a supercycle of commodity prices. However, the expansionary phase was followed by a five-year period of economic stagnation, during which previous achievements were weakened, even before the COVID-19 crisis erupted, with its negative consequences. This confirms the persistence of the region’s economic vulnerability to external shocks, as well as the difficulties in maintaining sustained growth rates associated with processes of structural change, which make it possible to reduce the gap in the development levels vis-à-vis the leading countries and face the challenges of environmental sustainability. It is also pointed out that, despite the important achievements in terms of social development during the recent growth cycle, the high structural inequalities that characterize the region were not broken.

Suggested Citation

  • Bértola, Luis & Ocampo, José Antonio, 2022. "La economía latinoamericana durante las primeras décadas del siglo XXI," El Trimestre Económico, Fondo de Cultura Económica, vol. 89(353), pages 39-71, enero-mar.
    • Handle: RePEc:elt:journl:v:89:y:2022:i:353:p:39-71
    DOI: https://doi.org/10.20430/ete.v89i353.1425
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    Citations

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    Cited by:

    1. Maria-Isabel Ayuda & Ignacio Belloc & Vicente Pinilla, 2022. "Export Boom and Re-Primarisation in Latin America (1994-2019): Determining Factors of Agri-Food Product Exports," Documentos de Trabajo (DT-AEHE) 2206, Asociación Española de Historia Económica.

    More about this item

    Keywords

    Latin America; economic cycles; structural change; human development; poverty; inequality.;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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