Progress towards the MDGs is expected to slow as a consequence of the global economic downturn. This study applies an economy-wide framework to analyze the impact of the crisis on the progress towards the MDGs in six Latin American countries. It finds significant setbacks towards the goals and the cost of achieving these will rise commensurately by about 1.5 to 2.0 per cent of GDP in required additional public spending per year between 2010 and 2015 as compared with a no-crisis scenario. The additional public spending would contribute to economic growth though not sufficiently for full recovery to pre-crisis growth.
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Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number
74.
Find related papers by JEL classification: C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models D3 - Microeconomics - - Distribution I3 - Health, Education, and Welfare - - Welfare and Poverty F35 - International Economics - - International Finance - - - Foreign Aid O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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