Natural Resources in Latin America and the Caribbean : Beyond Booms and Busts?

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collection.link.137
https://openknowledge.worldbank.org/handle/10986/6002
collection.link.40
https://openknowledge.worldbank.org/handle/10986/2148
collection.name.137
Spanish PDFs Available
collection.name.40
Latin America and Caribbean Studies
dc.contributor.author
Sinnott, Emily
dc.contributor.author
Nash, John
dc.contributor.author
de la Torre, Augusto
dc.date.accessioned
2012-03-19T09:34:38Z
dc.date.available
2012-03-19T09:34:38Z
dc.date.issued
2011
dc.description.abstract
Throughout, the history of the Latin America and Caribbean (LAC) region, natural resource wealth has been critical for its economies. Production of precious metals, sugar, rubber, grains, coffee, copper, and oil have at various periods of history made countries in Latin America-and their colonial powers-some of the most prosperous in the world. In some ways, these commodities may have changed the course of history in the world at large. Latin America produced around 80 percent of the world's silver in the 16th through 19th centuries, fueling the monetary systems of not only Europe, but China and India as well. The dramatic movements in commodity markets since the early 2000s, as well as the recent economic crisis, provide new data to analyze and also underscore the importance of a better understanding of issues related to boom-bust commodity cycles. The current pattern of global recovery has favored LAC so far. Countercyclical policies have supported domestic demand in the larger LAC economies, and external demand from fast-growing emerging markets has boosted exports and terms of trade for LAC's net commodity exporters. Prospects for LAC in the short term look good. Beyond the cyclical rebound, however, the region's major longer-run challenge going forward will be to craft a bold productivity agenda. With LAC coming out of this crisis relatively well positioned, this may well be possible, especially considering that the region's improved macro-financial resiliency gives greater assurance that future gains from growth will not be wiped out by financial crises. In addition, LAC has been making significant strides in the equity agenda and this could help mobilize consensus in favor of a long overdue growth-oriented reform agenda. But it remains to be seen whether the region will be able to seize the opportunity to boost long-run growth, especially considering the large gaps that LAC would need to close in such key areas as saving, human capital accumulation, physical infrastructure, and the ability to adopt and adapt new technologies.
en
dc.identifier.isbn
978-0-8213-8482-4
dc.identifier.uri
http://hdl.handle.net/10986/2482
dc.language
English
dc.publisher
World Bank
dc.relation.ispartofseries
World Bank Latin American and Caribbean Studies
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ADVANCED ECONOMIES
dc.subject
ADVERSE EFFECTS
dc.subject
AGRICULTURAL COMMODITIES
dc.subject
AGRICULTURAL COMMODITY
dc.subject
AGRICULTURAL PRODUCTION
dc.subject
AGRICULTURE
dc.subject
BENCHMARKING
dc.subject
BUSINESS ENVIRONMENT
dc.subject
BUSINESS ENVIRONMENTS
dc.subject
CAPITAL ACCOUNTS
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL FORMATION
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL STOCK
dc.subject
CARBON
dc.subject
CASH FLOWS
dc.subject
COMMODITIES
dc.subject
COMMODITY
dc.subject
COMMODITY BOOM
dc.subject
COMMODITY BOOMS
dc.subject
COMMODITY EXPORT
dc.subject
COMMODITY EXPORTS
dc.subject
COMMODITY IMPORTS
dc.subject
COMMODITY MARKETS
dc.subject
COMMODITY PRICE
dc.subject
COMMODITY PRICE INDEX
dc.subject
COMMODITY PRICE INDEXES
dc.subject
COMMODITY PRICE INDICES
dc.subject
COMMODITY PRICES
dc.subject
COMMODITY PRODUCERS
dc.subject
COMMODITY PRODUCTION
dc.subject
COMMODITY SECTORS
dc.subject
COMMODITY TRADE
dc.subject
COMMON PROPERTY
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COMPETITIVENESS
dc.subject
CONCENTRATION INDEXES
dc.subject
CONSUMER PRICE INDEX
dc.subject
CONSUMERS
dc.subject
COPYRIGHT
dc.subject
COPYRIGHT CLEARANCE
dc.subject
COPYRIGHT CLEARANCE CENTER
dc.subject
CPI
dc.subject
DEPOSITS
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING ECONOMIES
dc.subject
DIRECT CONNECTIONS
dc.subject
E-MAIL
dc.subject
ECONOMETRIC ANALYSES
dc.subject
ECONOMETRIC ANALYSIS
dc.subject
ECONOMIC ACTIVITIES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC CRISIS
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC EFFECTS
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC HISTORY
dc.subject
ECONOMIC RENTS
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIC SIZE
dc.subject
ECONOMIC STRUCTURES
dc.subject
ECONOMIC WELFARE
dc.subject
ECONOMICS
dc.subject
ECONOMICS LITERATURE
dc.subject
ECONOMISTS
dc.subject
ELASTICITY
dc.subject
ELECTRICITY
dc.subject
EMERGING ECONOMIES
dc.subject
EMERGING MARKETS
dc.subject
EMPIRICAL EVIDENCE
dc.subject
EMPIRICAL INVESTIGATIONS
dc.subject
EMPIRICAL STUDIES
dc.subject
ENVIRONMENTAL
dc.subject
ENVIRONMENTS
dc.subject
EQUILIBRIUM
dc.subject
EXCHANGE RATE
dc.subject
EXPLOITATION
dc.subject
EXPORT PROCESSING ZONES
dc.subject
EXTERNAL COSTS
dc.subject
FACTORS OF PRODUCTION
dc.subject
FEDERAL RESERVE
dc.subject
FINANCIAL ASSETS
dc.subject
FINANCIAL CRISES
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL RISK
dc.subject
FISH
dc.subject
FISHERIES
dc.subject
FIXED COSTS
dc.subject
FORECASTS
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN INVESTORS
dc.subject
FOREIGN TRADE
dc.subject
FORESTRY
dc.subject
FUTURE PRICE
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GEOGRAPHICAL AREA
dc.subject
GLOBAL EXPORTS
dc.subject
GLOBAL MARKETS
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
GOVERNMENT OWNERSHIP
dc.subject
GOVERNMENT REVENUES
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH PATH
dc.subject
GROWTH POTENTIAL
dc.subject
GROWTH RATE
dc.subject
GROWTH STRATEGIES
dc.subject
HISTORY OF ECONOMIC THOUGHT
dc.subject
HUMAN CAPITAL
dc.subject
ID
dc.subject
IMAGE
dc.subject
INCENTIVE STRUCTURE
dc.subject
INCOMES
dc.subject
INDUSTRIAL REVOLUTION
dc.subject
INDUSTRIALIZATION
dc.subject
INFORMATION TECHNOLOGY
dc.subject
INFRARED
dc.subject
INNOVATION POLICIES
dc.subject
INSPECTION
dc.subject
INSTITUTION
dc.subject
INSTITUTIONAL ENVIRONMENT
dc.subject
INTEGRATED PROGRAM FOR COMMODITIES
dc.subject
INTERNATIONAL CAPITAL
dc.subject
INTERNATIONAL CAPITAL FLOWS
dc.subject
INTERNATIONAL TRADE
dc.subject
LEGAL ENVIRONMENT
dc.subject
LICENSES
dc.subject
MACROECONOMIC MANAGEMENT
dc.subject
MACROECONOMIC STABILITY
dc.subject
MANUFACTURING
dc.subject
MARGINAL COST
dc.subject
MARGINAL COST OF PRODUCTION
dc.subject
MARKET SHARE
dc.subject
MATERIAL
dc.subject
METALS
dc.subject
MINES
dc.subject
MONETARY POLICY
dc.subject
NATIONAL INCOME
dc.subject
NATURAL CAPITAL
dc.subject
NATURAL RESOURCE
dc.subject
NATURAL RESOURCE ECONOMICS
dc.subject
NATURAL RESOURCES
dc.subject
NEGATIVE EXTERNALITIES
dc.subject
NEW TECHNOLOGIES
dc.subject
NONTRADABLE
dc.subject
OIL
dc.subject
OIL PRICES
dc.subject
OPEC
dc.subject
OUTPUT
dc.subject
PERVERSE SUBSIDIES
dc.subject
PHOTO
dc.subject
PHYSICAL INFRASTRUCTURE
dc.subject
POLICY MAKERS
dc.subject
PORTFOLIO
dc.subject
PRICE CONTROLS
dc.subject
PRICE FLUCTUATIONS
dc.subject
PRICE INDEXES
dc.subject
PRICE INSTABILITY
dc.subject
PRICE MOVEMENTS
dc.subject
PRICE RISK
dc.subject
PRICE SERIES
dc.subject
PRICE VOLATILITY
dc.subject
PRICED
dc.subject
PRIMARY COMMODITIES
dc.subject
PRIMARY COMMODITY
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATIZATION
dc.subject
PRODUCERS
dc.subject
PRODUCT CATEGORIES
dc.subject
PRODUCT MARKETS
dc.subject
PRODUCTION PROCESS
dc.subject
PRODUCTION STRUCTURE
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROVEN RESERVES
dc.subject
PUBLIC EXPENDITURES
dc.subject
PUBLIC GOOD
dc.subject
PUBLIC POLICY
dc.subject
QUERIES
dc.subject
RANDOM WALK
dc.subject
RENT SEEKING
dc.subject
RESOURCE MANAGEMENT
dc.subject
RESOURCE OWNERSHIP
dc.subject
RESULT
dc.subject
RESULTS
dc.subject
RISK AVERSE
dc.subject
RISK AVERSION
dc.subject
RISK MANAGEMENT
dc.subject
SAVINGS
dc.subject
SKILLED WORKER
dc.subject
SKILLED WORKERS
dc.subject
SMALL ECONOMY
dc.subject
SUNK COSTS
dc.subject
SUSTAINABLE DEVELOPMENT
dc.subject
SUSTAINABLE GROWTH
dc.subject
TAX
dc.subject
TAX RATES
dc.subject
TECHNOLOGICAL ADVANCES
dc.subject
TECHNOLOGICAL INNOVATION
dc.subject
TECHNOLOGICAL INNOVATIONS
dc.subject
TELEPHONE
dc.subject
TERMS OF TRADE
dc.subject
TIMBER
dc.subject
TIME PERIODS
dc.subject
TOTAL FACTOR PRODUCTIVITY
dc.subject
TOTAL FACTOR PRODUCTIVITY GROWTH
dc.subject
TRAGEDY OF THE COMMONS
dc.subject
TRANSPARENCY
dc.subject
TRANSPARENCY INITIATIVE
dc.subject
TRUSTS
dc.subject
USES
dc.subject
VALUE CHAIN
dc.subject
WAGES
dc.subject
WEALTH
dc.subject
WORLD DEVELOPMENT INDICATORS
dc.subject
WORLD MARKETS
dc.title
Natural Resources in Latin America and the Caribbean : Beyond Booms and Busts?
en
dc.title.alternative
Los recursos naturales en America Latina y el Caribe : mas alla de bonanzas y crisis?
en
okr.date.disclosure
2010-10-28
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100706062829
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Transport and ICT
okr.globalpractice
Trade and Competitiveness
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-8482-4
okr.identifier.externaldocumentum
000334955_20100706062829
okr.identifier.internaldocumentum
12511333
okr.identifier.report
55550
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/07/06/000334955_20100706062829/Rendered/PDF/555500PUB0Natu1EPI1991501801PUBLIC1.pdf
en
okr.peerreview
Academic Peer Review
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Caribbean
okr.region.geographical
Latin America
okr.topic
Private Sector Development :: E-Business
okr.topic
Macroeconomics and Economic Growth :: Commodities
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Environment :: Environmental Economics & Policies
okr.unit
Human Development Econ. (ECSH4)
okr.volume
1 of 1

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