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Building a New Future: Transformative Recovery with Equality and Sustainability. Summary

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  • ECLAC

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Abstract

This document, presented by the Economic Commission for Latin America and the Caribbean (ECLAC) to its member States at its thirty-eighth session, argues that Latin America and the Caribbean is in a position to move towards a “big push for sustainability” through a combination of economic, industrial, social and environmental policies capable of driving a recovery with equality and sustainability and relaunching development in the region. The document has five chapters. The first studies the three crises (slow growth, growing inequality and the environmental emergency) affecting economies and societies around the world and those of Latin America and the Caribbean. The second presents a framework for analysing these crises in an integrated manner and measuring their magnitude in the region. The third chapter examines the quantitative impacts on growth, emissions, income distribution and the external sector under different policy scenarios, highlighting the potential of various policy combinations to forge a more dynamic growth path, with lower emissions and greater equality. The fourth identifies seven sectors that can drive sustainable development and proposes policies to foster these sectors. The fifth chapter concludes with an analysis that links up macroeconomic, industrial, social and environmental policies and the role of the State in building consensus for their implementation.

Suggested Citation

  • -, 2020. "Building a New Future: Transformative Recovery with Equality and Sustainability. Summary," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 46226 edited by Eclac.
    • Handle: RePEc:ecr:col016:46226
    Note: Reunión virtual
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    File URL: http://repositorio.cepal.org/handle/11362/46226
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    References listed on IDEAS

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    2. Bello, Omar, 2017. "Disasters, economic growth and fiscal response in the countries of Latin America and the Caribbean, 1972-2010," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
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    7. Nicholas Stern, 2013. "The Structure of Economic Modeling of the Potential Impacts of Climate Change: Grafting Gross Underestimation of Risk onto Already Narrow Science Models," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 838-859, September.
    8. -, 2020. "The impact of the COVID-19 pandemic on the tourism sector in Latin America and the Caribbean, and options for a sustainable and resilient recovery," Comercio Internacional 46502, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

    1. Romero, João P. & Gramkow, Camila, 2021. "Economic complexity and greenhouse gas emissions," World Development, Elsevier, vol. 139(C).
    2. -, 2021. "Development in transition: Concept and measurement proposal for renewed cooperation in Latin America and the Caribbean," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 47167 edited by Eclac.
    3. Bárcena Ibarra, Alicia & Cimoli, Mario, 2020. "Introduction. The global economy and development in times of pandemic: the challenges for Latin America and the Caribbean," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    4. -, 2022. "Innovation for development: The key to a transformative recovery in Latin America and the Caribbean," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 47795 edited by Eclac.

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