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The Development Implications of External Integration in Latin America

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  • José Antonio Ocampo

Abstract

This paper analyses the links between the integration into the international economy and development in Latin America over the past quarter century. It argues that external liberalization led to faster export growth but not to faster GDP or productivity growth. Growth also became more volatile, reflecting large vulnerabilities to external shocks.

Suggested Citation

  • José Antonio Ocampo, 2012. "The Development Implications of External Integration in Latin America," WIDER Working Paper Series wp-2012-048, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2012-048
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2012-048.pdf
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    References listed on IDEAS

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    1. Lora, Eduardo, 2001. "Structural Reforms in Latin America: What Has Been Reformed and How to Measure It," IDB Publications (Working Papers) 3338, Inter-American Development Bank.
    2. Bertola, Luis & Ocampo, Jose Antonio, 2012. "The Economic Development of Latin America since Independence," OUP Catalogue, Oxford University Press, number 9780199662142.
    3. José Antonio Ocampo, 2009. "Latin America and the global financial crisis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 703-724, July.
    4. Eduardo Lora, 2001. "Structural Reforms in Latin America: What Has Been Reformed and How to Measure It," Research Department Publications 4293, Inter-American Development Bank, Research Department.
    5. Ocampo, José Antonio, 2011. "Macroeconomy for development: countercyclical policies and production sector transformation," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    6. repec:idb:brikps:439 is not listed on IDEAS
    7. Mr. G. Terrier & Mr. Rodrigo O. Valdes & Mr. Camilo E Tovar Mora & Mr. Jorge A Chan-Lau & Carlos Fernandez Valdovinos & Ms. Mercedes Garcia-Escribano & Mr. Carlos I. Medeiros & Man-Keung Tang & Miss M, 2011. "Policy Instruments to Lean Against the Wind in Latin America," IMF Working Papers 2011/159, International Monetary Fund.
    8. Stallings, Barbara & Weller, Jürgen, 2001. "Employment in Latin America: cornerstone of social policy," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    9. Jos� Antonio Ocampo & Juliana Vallejo, 2012. "Economic Growth, Equity and Human Development in Latin America," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 107-133, February.
    10. Genoni, María Eugenia & Sánchez, Margarita & Saavedra-Chanduví, Jaime & Duryea, Suzanne & Parker, Richard & Aggleton, Peter & Buvinic, Mayra & Massiah, Ernest & Arias, Omar & Ñopo, Hugo R. & Mazza, Ja, 2004. "Social Inclusion and Economic Development in Latin America," IDB Publications (Books), Inter-American Development Bank, number 439, May.
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    Cited by:

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    2. Giovanni Andrea Cornia, 2020. "Is Rising Inequality Unavoidable in a Globalizing Economy Characterized by Rapid Technical Change?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(1), pages 39-65, March.
    3. Murat Arsel & Laura Rival & Roldan Muradian & Carlos Larrea, 2015. "Forum 2015," Development and Change, International Institute of Social Studies, vol. 46(4), pages 961-978, July.
    4. Cornia, Giovanni Andrea, 2017. "Income Inequality Trends in sub-Saharan Africa: Divergence, determinants and consequences: An Econometric Investigation of the Causes of the Bifurcation of within-Country Inequality Trends over 1991-2," UNDP Africa Reports 267777, United Nations Development Programme (UNDP).
    5. UNDP Regional Bureau for Africa & Ayodele Odusola & Giovanni Andrea Cornia & Haroon Bhorat & Pedro Conceição & Ayodele Odusola & Giovanni Andrea Cornia & Haroon Bhorat & Pedro Concei ‹o, "undated". "Conclusions and Policy Recommendations," UNDP Africa Policy Notes 2017-18, United Nations Development Programme, Regional Bureau for Africa.
    6. Arteaga, Julio César & Cardozo, Mónica Liseth & Diniz, Márcia Jucá T., 2020. "Exports to China and economic growth in Latin America, unequal effects within the region," International Economics, Elsevier, vol. 164(C), pages 1-17.
    7. repec:rac:ecchap:2017-18 is not listed on IDEAS
    8. Cornia, Giovanni Andrea & Odusola, Ayodele & Bhorat, Haroon & Conceição, Pedro, 2017. "Planting and nurturing the seeds of equity in Africa," UNDP Africa Research Discussion Papers 266951, United Nations Development Programme (UNDP).
    9. UNDP Regional Bureau for Africa, "undated". "An Econometric Investigation of the Causes of the Bifurcation of Within-Country Inequality Trends over 1991-2011 in sub-Saharan Africa," UNDP Africa Policy Notes 2017-17, United Nations Development Programme, Regional Bureau for Africa.
    10. Giovanni Andrea Cornia, 2021. "Latin America's Income Inequality Under five Political Regimes, 1870-2018," Working Papers - Economics wp2021_12.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    11. Giovanni Andrea Cornia & Milica Uvalic, 2012. "Learning from the past: Which of the past/current development strategies are best suited to deal with the ‘quadruple crisis’?," Working Papers 116, United Nations, Department of Economics and Social Affairs.

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