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This paper presents development accounting exercises in Latin America using novel databases and methods to investigate the robustness of its results. It also highlights the heterogeneity among countries in the region and discusses alternative ways to link macroeconomic benchmarking to policies.
Though Latin American economies are growing quickly, they must reduce inequality and improve infrastructure and education to maintain the growth trajectory, said OECD Secretary-General at the International Economic Forum on Latin America and the Caribbean organised in Paris.
Follow the International Economic Forum on Latin America and the Caribbean via streaming video and Twitter. The Forum is a yearly high-level event that brings together policy-makers, CEOs, and experts from Latin America, the Caribbean and Europe.
The International Economic Forum on Latin America and the Caribbean is a yearly high-level event that brings together policy-makers, CEOs, and experts from Latin America, the Caribbean and Europe to discuss the LAC-region’s economic performance and share solutions to its development challenges.
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NICs (Chinese Taipei; Hong Kong, China; Korea and Singapore) have been successful in attaining income convergence with high-income countries while Latin American countries remain caught in the Middle-Income Trap.
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Rapid and sustained economic growth in the emerging world has brought new members into the group of middle-income countries. Reaching this level of income has historically presented countries with new challenges, resulting in slowing growth and an entrapment in 'the middle-income trap'.
English, Excel, 3,127kb
Rapid and sustained economic growth in the emerging world has brought new members, notably China, into the group of middle-income countries. Reaching this level of income, however, has historically presented countries with a new set of challenges to development, resulting in slowing growth and an entrapment in what is known as the middle-income trap.
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Latin American and Caribbean countries have shown themselves to be in a stable position to confront international turmoil. Sustained growth and democratic stability have strengthened the region, and have led to less pronounced recessions and more swift recoveries compared to OECD economies.
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Disponer de un conjunto sólido de datos comparables es fundamental para facilitar el diálogo sobre política fiscal y la evaluación de alternativas de reforma fiscal.
The Fiscal Observatory for Latin America and the Caribbean (Observatorio Fiscal de América Latina y el Caribe) launched on 24 January aims to improve the quality of fiscal policy in Latin America by providing access to analysis, data, monitoring and debates on fiscal policy throughout the region.