Publication:
LAC Success Put to Test

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-06-27T19:40:45Z
dc.date.available2017-06-27T19:40:45Z
dc.date.issued2011-04-12
dc.description.abstractThis semiannual report, a product of the Office of the Chief Economist for the Latin America and the Caribbean (LAC) region of the World Bank, examines the nature of the very good overall performance of the LAC region in the aftermath of the 2008-09 global financial crisis and presents a comparative analysis of the post-crisis recovery patterns in the region vis-a-vis other regions. The first part of this report provides an overview of recent economic developments, an in depth look at the drivers of the post-crisis performance in the region, analyzes the external and domestic risks that could drag down growth performance in LAC, and discusses policy response options. The second part of the report documents the adverse impact of the crisis on the Caribbean region as well as its slow recovery. It distinguishes the poorer performance of English speaking Caribbean nations vis-a-vis non-English speaking ones, and highlights the dependence of the region on countries in the epicenter of the crisis, especially the United States, and the limited fiscal space that disabled a counter-cyclical policy response. The report concludes by emphasizing that skillful cycle management is necessary although far from sufficient to be able to turn what has to date been a cyclical recovery into a higher rate of trend growth. Moreover, countries experiencing a formidable windfall from the high commodity prices are in a unique position to seize the opportunity by judiciously saving and investing out of the windfall, they could relax the structural speed limits that have so far kept economic activity from rising to a higher long-run growth path.en
dc.identifierhttp://documents.worldbank.org/curated/en/401231468270863901/LAC-success-put-to-test
dc.identifier.doi10.1596/27387
dc.identifier.urihttps://hdl.handle.net/10986/27387
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesLAC Semiannual Report;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectABSORPTIVE CAPACITY
dc.subjectACCUMULATION OF RESERVES
dc.subjectADVANCED ECONOMIES
dc.subjectADVERSE CONSEQUENCES
dc.subjectADVERSE EFFECTS
dc.subjectADVERSE IMPACT
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectARBITRAGE
dc.subjectARIMA
dc.subjectASSET PRICE
dc.subjectASSETS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE OF PAYMENTS CRISES
dc.subjectBALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBUFFERS
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS CYCLES
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOMMODITY
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectCOMPETITIVENESS
dc.subjectCONSENSUS FORECASTS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER BASKET
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMERS
dc.subjectCONSUMPTION BASKET
dc.subjectCONSUMPTION BASKETS
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCORE INFLATION
dc.subjectCORNER SOLUTION
dc.subjectCORNER SOLUTIONS
dc.subjectCREDIBILITY
dc.subjectCREDIT BOOM
dc.subjectCURRENCY APPRECIATION
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT
dc.subjectDEMOCRATIC INSTITUTIONS
dc.subjectDEPENDENT VARIABLE
dc.subjectDEPENDENT VARIABLES
dc.subjectDEPRECIATION
dc.subjectDEPRECIATIONS
dc.subjectDISTORTIONS
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC ECONOMIC ACTIVITY
dc.subjectDOMESTIC INFLATION
dc.subjectDOMESTIC PRICES
dc.subjectDUTCH DISEASE
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC OVERHEATING
dc.subjectECONOMIC SHOCKS
dc.subjectEMERGING ECONOMIES
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM LEVEL
dc.subjectEXCHANGE RATE APPRECIATION
dc.subjectEXCHANGE RATE FLOAT
dc.subjectEXCHANGE RATE FLUCTUATIONS
dc.subjectEXCHANGE RATES
dc.subjectEXOGENOUS FACTORS
dc.subjectEXPORT DIVERSIFICATION
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL FACTORS
dc.subjectFINANCIAL ASSET
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTABILITY
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL POLICY
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFINANCIAL VULNERABILITY
dc.subjectFISCAL POLICY
dc.subjectFLEXIBLE EXCHANGE RATES
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectFOREIGN RESERVES
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL RISK
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH-INCOME COUNTRIES
dc.subjectHUMAN CAPITAL
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATION RATE
dc.subjectINFLATION TARGET
dc.subjectINFLATION TARGETING
dc.subjectINFLATIONARY PRESSURES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIAL
dc.subjectINTEREST RATE DIFFERENTIALS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL PRICES
dc.subjectINTERNATIONAL RESERVE
dc.subjectINTERNATIONAL RESERVES
dc.subjectJOB CREATION
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLEADING INDICATORS
dc.subjectLEVELS OF GROWTH
dc.subjectLIQUID BANKS
dc.subjectLIQUIDITY
dc.subjectLOCAL CURRENCIES
dc.subjectLOCAL CURRENCY
dc.subjectLONG-RUN EQUILIBRIUM
dc.subjectLOW INTEREST RATES
dc.subjectMACROECONOMIC POLICY
dc.subjectMARKET PRESSURE
dc.subjectMARKET PRESSURES
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMIDDLE-INCOME COUNTRY
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY EXPANSION
dc.subjectMONETARY POLICY
dc.subjectMONETARY POLICY FRAMEWORKS
dc.subjectNATURAL RESOURCE
dc.subjectNET EXPORTS
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectOIL MARKETS
dc.subjectOIL PRICES
dc.subjectOUTPUT GAP
dc.subjectOUTPUT GAPS
dc.subjectPOLITICAL TURMOIL
dc.subjectPOTENTIAL OUTPUT
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE HIKES
dc.subjectPRICE INCREASES
dc.subjectPRICE OF OIL
dc.subjectPRICES RATIO
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE CREDIT
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROTECTIONIST MEASURES
dc.subjectRATE OF RETURN
dc.subjectREAL APPRECIATION
dc.subjectREAL DEPRECIATION
dc.subjectREAL ECONOMIC ACTIVITY
dc.subjectREAL EFFECTIVE EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE BEHAVIOR
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL GDP
dc.subjectREAL INTEREST RATES
dc.subjectREAL INVESTMENT
dc.subjectRECESSION
dc.subjectRECESSIONS
dc.subjectREGRESSION ANALYSIS
dc.subjectRESERVE ACCUMULATION
dc.subjectRESERVE REQUIREMENTS
dc.subjectRISK AVERSION
dc.subjectSAVINGS
dc.subjectSCATTER PLOT
dc.subjectSIDE EFFECTS
dc.subjectSLOWDOWN
dc.subjectSTANDARD DEVIATION
dc.subjectSTOCK PRICES
dc.subjectSUPPLY SIDE
dc.subjectSUPPLY-SIDE
dc.subjectSURPLUSES
dc.subjectTAXATION
dc.subjectTOTAL CREDIT
dc.subjectTRADE LOSSES
dc.subjectTROUGH
dc.subjectUNCERTAINTY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectUPWARD PRESSURES
dc.subjectVOLATILE CAPITAL
dc.subjectWAGES
dc.subjectWEAK CURRENCIES
dc.subjectWEIGHTS
dc.subjectWORLD DEMAND
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD ECONOMY
dc.subjectWORLD INTEREST RATES
dc.titleLAC Success Put to Testen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2011-08-18
okr.date.doiregistration2025-05-09T10:56:41.144757Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/401231468270863901/LAC-success-put-to-test
okr.guid401231468270863901
okr.identifier.externaldocumentum000386194_20110818022516
okr.identifier.internaldocumentum14830547
okr.identifier.report63869
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/401231468270863901/pdf/638690WP0LAC0S00Box0361531B0PUBLIC0.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalLatin America
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.unitChief Economist (LCRCE)
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Latin America and the Caribbean Economic Review