IDEAS home Printed from https://ideas.repec.org/a/wbk/prmecp/ep10.html
   My bibliography  Save this article

A Brave New World for Latin America

Author

Listed:
  • Giugale, Marcelo

    (World Bank)

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.

Suggested Citation

  • Giugale, Marcelo, 2010. "A Brave New World for Latin America," World Bank - Economic Premise, The World Bank, issue 10, pages 1-7, April.
    • Handle: RePEc:wbk:prmecp:ep10
    as

    Download full text from publisher

    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EPremise10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Saavedra-Chanduví, Jaime & Molinas, José R. & De Barros, Ricardo Paes & Ferreira, Francisco H. G., 2009. "Measuring Inequality of Opportunities in Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 361.
    2. Commission on Growth and Development, 2008. "The Growth Report : Strategies for Sustained Growth and Inclusive Development," World Bank Publications - Books, The World Bank Group, number 6507, December.
    3. 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, September.
    4. 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.
    5. repec:idb:brikps:60098 is not listed on IDEAS
    6. Simon Wren-Lewis, 2011. "Comparing the delegation of monetary and fiscal policy," Economics Series Working Papers 540, University of Oxford, Department of Economics.
    7. Commission on Growth and Development, 2010. "Post-Crisis Growth in Developing Countries : A Special Report of the Commission on Growth and Development on the Implications of the 2008 Financial Crisis," World Bank Publications - Books, The World Bank Group, number 13546, December.
    8. David De Ferranti & Guillermo E. Perry & Francisco H.G. Ferreira & Michael Walton, 2004. "Inequality in Latin America : Breaking with History?," World Bank Publications - Books, The World Bank Group, number 15009, December.
    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. Marcelo M. Giugale, 2010. "A Brave New World for Latin America," World Bank Publications - Reports 10196, The World Bank Group.
    2. Nora Lustig & Luis F. Lopez-Calva & Eduardo Ortiz-Juarez, 2011. "The Decline in Inequality in Latin America: How Much, Since When and Why," Working Papers 1118, Tulane University, Department of Economics.
    3. Nora Lustig, 2015. "Fiscal Policy and Ethno-Racial Inequality in Bolivia, Brazil, Guatemala and Uruguay," Commitment to Equity (CEQ) Working Paper Series 22, Tulane University, Department of Economics.
    4. 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, November.
    5. Márton Medgyesi & Temesváry, Z., 2013. "GINI DP 84: Conditional cash transfers in high- income OECD countries and their effects on human capital accumulation," GINI Discussion Papers 84, AIAS, Amsterdam Institute for Advanced Labour Studies.
    6. Dirk Van de gaer & Joost Vandenbossche & José Luis Figueroa, 2014. "Children's Health Opportunities and Project Evaluation: Mexico's Oportunidades Program," The World Bank Economic Review, World Bank, vol. 28(2), pages 282-310.
    7. Atal, Juan Pablo & Ñopo, Hugo R. & Winder, Natalia, 2009. "New Century, Old Disparities: Gender and Ethnic Wage Gaps in Latin America," IDB Publications (Working Papers) 1131, Inter-American Development Bank.
    8. Pérez-Mesa, David & Marrero, Gustavo A. & Darias-Curvo, Sara, 2021. "Child health inequality in Sub-Saharan Africa," MPRA Paper 108801, University Library of Munich, Germany.
    9. Calvo-Gonzalez,Oscar & Caruso,German Daniel & Castaneda Aguilar,Raul Andres & Malasquez Carbonel,Eduardo Alonso, 2020. "What Do 50 Years of Census Records and Household Survey Data Tell Us about Human Opportunities and Welfare in Latin America ?," Policy Research Working Paper Series 9205, The World Bank.
    10. Oyvat, Cem & Tekgüç, Hasan, 2019. "Ethnic fractionalization, conflict and educational development in Turkey," International Journal of Educational Development, Elsevier, vol. 67(C), pages 41-52.
    11. Díaz-Bonilla, Eugenio, 2015. "Lost in translation: The fractured conversation about trade and food security:," IFPRI discussion papers 1490, International Food Policy Research Institute (IFPRI).
    12. Marc Fleurbaey & Vito Peragine, 2013. "Ex Ante Versus Ex Post Equality of Opportunity," Economica, London School of Economics and Political Science, vol. 80(317), pages 118-130, January.
    13. Luis Fernando Gamboa & Erika Londoño, 2015. "Assessing Educational Unfair Inequalities at a Regional Level in Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 83, pages 97-133, Julio - D.
    14. El-Kogali,Safaa El Tayeb & Krafft,Caroline Gould & Abdelkhalek,Touhami & Benkassmi,Mohamed & Chavez,Monica I. & Bassett,Lucy Katherine & Ejjanoui,Fouzia & El-Kogali,Safaa El Tayeb & Krafft,Caroline Go, 2016. "Inequality of opportunity in early childhood development in Morocco over time," Policy Research Working Paper Series 7670, The World Bank.
    15. Tansel, Aysit, 2011. "Intergenerational educational mobility in Turkey," MPRA Paper 68435, University Library of Munich, Germany.
    16. Paolo Brunori & Alain Trannoy & Caterina Francesca Guidi, 2021. "Ranking populations in terms of inequality of health opportunity: A flexible latent type approach," Health Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 358-383, February.
    17. Himanshu, 2019. "Inequality in India: A review of levels and trends," WIDER Working Paper Series wp-2019-42, World Institute for Development Economic Research (UNU-WIDER).
    18. Sean Higgins & Nora Lustig & Whitney Ruble & Timothy M. Smeeding, 2016. "Comparing the Incidence of Taxes and Social Spending in Brazil and the United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(S1), pages 22-46, August.
    19. Dante Contreras & Osvaldo Larrañaga & Esteban Puentes & Tomás Rau, 2014. "Improving the Measurement of the Relationship between Opportunities and Income: Evidence from Longitudinal Data from Chile," Development Policy Review, Overseas Development Institute, vol. 32(2), pages 219-237, March.
    20. Huda Mohamed Mukhtar Ahmed & Eiman Adil Mohamed Osman & Hatim Ameer Mahran, 2020. "Inequality of Opportunity in The Labor Market: Evidence from Sudan," Journal of Social Science Studies, Macrothink Institute, vol. 7(2), pages 38-56, December.

    More about this item

    Keywords

    Latin America; fiscal policy; financial regulation; equality; equity; social programs; innovation; trade; Brazil; development;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    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:wbk:prmecp:ep10. 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: Michael Jelenic (email available below). General contact details of provider: https://edirc.repec.org/data/prewbus.html .

    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.