IDEAS home Printed from https://ideas.repec.org/a/sae/emeeco/v3y2011i1p5-58.html

Breaking away from Mediocre Complacency to a Prosperous Future

Author

Listed:
  • Claudio Loser

    (Claudio Loser is the CEO and President of Centennial Latin America, and an Advisor of the Emerging Markets Forum. He is also Senior Fellow at the Inter-American Dialogue. Since 2005 he has been Adjunct Professor at George Washington University. Formerly, he was the Director of the Western Hemisphere Department at the International Monetary Fund, Washington, DC. E-mail: claudio@centennial-group.com)

  • Anil Sood

    (Anil Sood is a Director of the Emerging Markets Forum, and was formerly Vice President for Strategy at the World Bank. He has advised the chief executives of a number of development organizations, including the African Development Bank, the Islamic Development Bank, the United Nations Development Program, and the United Nations Economic Commission for Africa on matters of strategy and development effectiveness. E-mail: asood2@gmail.com)

Abstract

Latin America has been one of the most prosperous regions among the group of emerging economies. However, particularly in recent decades, Latin America has not managed to keep up with the growth of other emerging economies. This article lays out some reasons to explain the region’s lackluster economic growth. It proposes that the region and its leaders need to promote a vision of a vibrant, fastgrowing economic region where more inclusion, higher productivity, and increased competition and openness are the objects of national policy. While no regions are equivalent, the example of East Asia, even with its own vulnerabilities provides important lessons for Latin America, as it devises policies to free it from the middle-income trap.

Suggested Citation

  • Claudio Loser & Anil Sood, 2011. "Breaking away from Mediocre Complacency to a Prosperous Future," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(1), pages 5-58, January.
    • Handle: RePEc:sae:emeeco:v:3:y:2011:i:1:p:5-58
    DOI: 10.1177/097491011000300102
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/097491011000300102
    Download Restriction: no
    File URL: https://libkey.io/10.1177/097491011000300102?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Harpaul Alberto Kohli & Phillip Basil, 2011. "Requirements for Infrastructure Investment in Latin America Under Alternate Growth Scenarios: 2011–2040," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(1), pages 59-110, January.
    2. Michael Gavin & Ricardo Hausmann & Ernesto Talvi, 1997. "Saving Behavior in Latin America: Overview and Policy Issues," Research Department Publications 4070, Inter-American Development Bank, Research Department.
    3. Harpaul Alberto Kohli & Phillip Basil, 2011. "Requirements for Infrastructure Investment in Latin America Under Alternate Growth Scenarios," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(1), pages 59-110, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harinder Kohli & Claudio Loser & Anil Sood (ed.), 2013. "Latin America 2040 — Breaking Away from Complacency: An Agenda for Resurgence — Second Edition," Books, Emerging Markets Forum, edition 2, number latam2040v2, September.
    2. Harpaul Alberto Kohli & Natasha Mukherjee, 2011. "Potential Costs to Asia of the Middle Income Trap," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(3), pages 291-311, September.
    3. Harpaul Alberto Kohli & Y. Aaron Szyf & Drew Arnold, 2012. "Construction and Analysis of a Global GDP Growth Model for 185 Countries through 2050," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 4(2), pages 91-153, May.
    4. Jorge Davalos & Jean-Marc Montaud & Nicolas Pecastaing, 2019. "Potential effect of Scaling-up Iinfrastructure in Peru: a general equilibrium model-bases analysis," Working papers of CATT hal-02937833, HAL.
    5. Marcelo Selowsky & Claudio Loser, 2015. "Improving Microeconomic Efficiency of Latin American Economies," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 7(2), pages 121-149, May.
    6. Galindo Paliza, Luis Miguel & Hoffmann, Bridget & Vogt-Schilb, Adrien, 2022. "How Much Will It Cost to Achieve the Climate Goals in Latin America and the Caribbean?," IDB Publications (Working Papers) 11983, Inter-American Development Bank.
    7. Luis Miguel Galindo Paliza & Bridget Hoffman & Adrien Vogt-Schilb, 2022. "How Much Will It Cost to Achieve the Climate Goals in Latin America and the Caribbean? [¿Cuánto costará lograr los objetivos del cambio climático en América Latina y el Caribe?]," Post-Print halshs-03720397, HAL.
    8. Claudio Loser & José Fajgenbaum, 2012. "A New Vision for Mexico 2042: Achieving Prosperity for All," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 4(2), pages 155-195, May.
    9. Fuss, Sabine & Chen, Claudine & Jakob, Michael & Marxen, Annika & Rao, Narasimha D. & Edenhofer, Ottmar, 2016. "Could resource rents finance universal access to infrastructure? A first exploration of needs and rents," Environment and Development Economics, Cambridge University Press, vol. 21(6), pages 691-712, December.
    10. Jorge Luis Sanchez Arevalo & Edgard Monforte Merlo, 2020. "Social-economic Analysis of Physical Integration between Brazil and Peru: Focus for the Regions Linked to the Interoceanic Highway," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 10(3), pages 102-110.
    11. Jean-Marc Montaud & Jorge Dávalos & Nicolas Pécastaing, 2020. "Potential effects of scaling-up infrastructure in Peru: a general equilibrium model-based analysis," Applied Economics, Taylor & Francis Journals, vol. 52(27), pages 2895-2912, May.
    12. Claudio Loser & José Fajgenbaum, 2012. "A New Vision for Mexico 2042: Achieving Prosperity for All," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 4(2), pages 155-195, May.
    13. repec:ecr:col037:5424 is not listed on IDEAS
    14. Kasyanenko,Sergiy & Kenworthy,Philip George & Ruch,Franz Ulrich & Vashakmadze,Ekaterine T. & Vorisek,Dana Lauren & Wheeler,Collette Mari, 2023. "Investment in Emerging Market and Developing Economy Regions : Trends, Prospects, and Policy Options," Policy Research Working Paper Series 10369, The World Bank.
    15. Baharumshah, Ahmad Zubaidi & Thanoon, Marwan A. & Rashid, Salim, 2003. "Saving dynamics in the Asian countries," Journal of Asian Economics, Elsevier, vol. 13(6), pages 827-845, January.
    16. Emilio Espino & Martín González Rozada, 2015. "On the Implications of Taxation for Investment, Savings and Growth: Evidence from Brazil, Chile and Mexico," IDB Publications (Working Papers) 89116, Inter-American Development Bank.
    17. Ruiz Nunez,Fernanda & Wei,Zichao, 2015. "Infrastructure investment demands in emerging markets and developing economies," Policy Research Working Paper Series 7414, The World Bank.
    18. Juann H. Hung & Rong Qian, 2010. "Why Is China's Saving Rate So High? A Comparative Study of Cross-Country Panel Data: Working Paper 2010-07," Working Papers 21920, Congressional Budget Office.
    19. Ricardo J. Caballero & Mohamad L. Hammour, 2002. "Speculative Growth," NBER Working Papers 9381, National Bureau of Economic Research, Inc.
    20. Schweickert, Rainer & Thiele, Rainer, 2004. "From Washington to post-Washington? Consensus policies and divergent developments in Latin America and Asia," Kiel Discussion Papers 408, Kiel Institute for the World Economy.
    21. Marcos José Pérez Monteiro & Pedro Cavalcante Ferreira & Leandro Radusweski Quintal, 2014. "The Latin American Saving Gap," Anais do XL Encontro Nacional de Economia [Proceedings of the 40th Brazilian Economics Meeting] 036, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:emeeco:v:3:y:2011:i:1:p:5-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.emergingmarketsforum.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.