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A Brave New World for Latin America

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  • Giugale, Marcelo

    ()
    (World Bank)

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    Abstract

    With variations across countries, Latin America’s economic agenda will change over the next few years. Fiscal policy will be monitored more independently, and may lean more against cycles. Financial regulation will be heavier, and less attuned with a single international model. Innovation will be at the center of trade strategies. Equity will begin to replace equality as the driver of social programs. More state agencies will be managed by results, starting the long process of earning citizens’ trust. The region will play a larger global role, led by Brazil. And if the world’s economy holds, most Latin Americans will be on a faster development path.

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    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EPremise10.pdf
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    Bibliographic Info

    Article provided by The World Bank in its journal Economic Premise.

    Volume (Year): (2010)
    Issue (Month): 10 (April)
    Pages: 1-7

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    Handle: RePEc:wbk:prmecp:ep10

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    Related research

    Keywords: Latin America; fiscal policy; financial regulation; equality; equity; social programs; innovation; trade; Brazil; development;

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    1. Simon Wren-Lewis, 2011. "Comparing the delegation of monetary and fiscal policy," Economics Series Working Papers 540, University of Oxford, Department of Economics.
    2. Ricardo Paes de Barros & Francisco H. G. Ferreira & Jose R. Molinas Vega & Jaime Saavedra Chanduvi, 2009. "Measuring Inequality of Opportunities in Latin America and the Caribbean," World Bank Publications, The World Bank, number 2580, January.
    3. de la Torre, Augusto & Gozzi, Juan Carlos & Schmukler, Sergio L., 2006. "Financial development in Latin America : big emerging issues, limited policy answers," Policy Research Working Paper Series 3963, The World Bank.
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