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Sustaining Latin America's Resurgence: Some Historical Perspectives

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  • Mr. Anoop Singh
  • Mr. Martin D. Cerisola

Abstract

This paper looks at the historical lessons that might serve to entrech Latin America's newly resurgent growth phase. It briefly reviews the post-World War II experiences in Latin America and Asia, focusing on the conditions that favored capital accumulation and productivity growth in the faster growing economies. Among these, the paper highlights the importance of stable macroeconomic policies, especially fiscal policy.

Suggested Citation

  • Mr. Anoop Singh & Mr. Martin D. Cerisola, 2006. "Sustaining Latin America's Resurgence: Some Historical Perspectives," IMF Working Papers 2006/252, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2006/252
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    3. Acevedo, Alejandra & Mold, Andrew & Perez Caldentey, Esteban, 2009. "The Analysis of ‘Leading Sectors’: A Long term view of 18 Latin American economies," MPRA Paper 15017, University Library of Munich, Germany.
    4. Manoel Bittencourt, 2007. "Macroeconomic Performance and Inequality: Brazil 1983-1994," Ibero America Institute for Econ. Research (IAI) Discussion Papers 163, Ibero-America Institute for Economic Research.
    5. Clements, Benedict J. & Faircloth, Christopher & Verhoeven, Marijn, 2007. "Public expenditure in Latin America: trends and key policy issues," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    6. Manoel Bittencourt, 2009. "Polarisation, Populism and Hyperinflation[s]: Some Evidence from Latin America," Working Papers 200921, University of Pretoria, Department of Economics.
    7. Manoel BITTENCOURT, 2009. "Macroeconomic Performance And Inequality: Brazil, 1983–94," The Developing Economies, Institute of Developing Economies, vol. 47(1), pages 30-52, March.
    8. Bittencourt, Manoel, 2012. "Financial development and economic growth in Latin America: Is Schumpeter right?," Journal of Policy Modeling, Elsevier, vol. 34(3), pages 341-355.
    9. Bittencourt, Manoel, 2012. "Inflation and economic growth in Latin America: Some panel time-series evidence," Economic Modelling, Elsevier, vol. 29(2), pages 333-340.
    10. António Afonso & Gabriela Baquero Fraga, 2024. "Government spending efficiency in Latin America," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(1), pages 127-160, February.
    11. Mr. Benedict J. Clements & Christopher Faircloth & Marijn Verhoeven, 2007. "Public Expenditure in Latin America: Trends and Key Policy Issues," IMF Working Papers 2007/021, International Monetary Fund.
    12. Meshach J. Aziakpono & Nicolette Cattaneo & T. D. Karoro, 2008. "Exchange rate pass-through to import prices in South Africa: Is there asymmetry?," Working Papers 086, Economic Research Southern Africa.
    13. Dayoub, Mariam & Lasagabaster, Esperanza, 2008. "General trends in competition policy and investment regulation in mandatory defined contribution markets in Latin America," Policy Research Working Paper Series 4720, The World Bank.

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