Giugale, Marcelo M.2012-08-132012-08-132010-04https://hdl.handle.net/10986/10196With 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.CC BY 3.0 IGOANTIDISCRIMINATIONAPPROVAL RATEBALANCE OF PAYMENTSBALANCE SHEETBALANCE-SHEETBANK ACCOUNTSBANKSBENEFICIARYBINDING CONSTRAINTSBOURSESBUSINESS CYCLESBUSINESS ENVIRONMENTCAPITAL CONTROLSCAPITAL FLOWCAPITAL INFLOWSCASH TRANSFERCASH TRANSFERSCDCENTRAL BANKCOLLEGE EDUCATIONCOMMODITYCOMMODITY PRICESCORRUPTIONCOURTSCREDIT RATINGSCURRENCYCURRENT ACCOUNTSDEBTDECENTRALIZATIONDEMOCRACYDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT PATHDEVOLUTIONDOMESTIC BANKSECONOMIC POLICYEMERGING MARKETSEQUALITYEQUALITY OF OPPORTUNITYEQUITY MARKETSEUEXCESS LIQUIDITYEXPENDITUREFAMILY INCOMEFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL DISCIPLINEFINANCIAL OPENNESSFINANCIAL REGULATIONFINANCIAL SECTORFINANCIAL SECTORSFINANCIAL SYSTEMFISCAL DEFICITSFISCAL POLICYFLEXIBLE FINANCINGFOREIGN CAPITALFREE TRADEFREE TRADE AGREEMENTSGENDERGLOBAL ECONOMYGLOBAL LEADERHOMEHUMAN CAPITALINEQUALITYINFLATIONINFLATION TARGETSINSTITUTIONAL CAPACITYINTELLECTUAL PROPERTYINTEREST RATESJUDGELAWSLEGAL FRAMEWORKLENDERSLONG-TERM INVESTMENTMACROECONOMICSMONETARY FUNDMORTGAGEMORTGAGE MARKETSMULTILATERAL LENDERSMUNICIPALITIESNATURAL RESOURCESNEW PRODUCTSNUTRITIONOUTPUTPHYSICAL SECURITYPREGNANCYPRIVATE PROPERTYPRODUCTIVE INVESTMENTPRODUCTIVITYPUBLIC EXPENDITURESPUBLIC INVESTMENTPUBLIC POLICIESPUBLIC SERVICESPURCHASING POWERRAPID GROWTHRECESSIONRESERVESRETURNSAVINGSSOCIAL JUSTICESOVEREIGN DEBTSYSTEMIC RISKTAXTAX INCENTIVESTAX SYSTEMSTAXATIONTECHNICAL SUPPORTTRANSPARENCYUNEMPLOYMENTUNIONVENTURE FUNDINGWILLWORLD TRADEWorld Bank10.1596/10196