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Economic survey of Latin America and the Caribbean 2012: policies for an adverse international economy

November 2012 | Economic Survey of Latin America and the Caribbean
Corporate author:
  • NU. CEPAL
Signature:
LC/G.2546-P
ISBN:
9789212210711
Pages:
156 p. : gráfs., tabls.
Editorial:
ECLAC
Type:
Economic Survey of Latin America and the Caribbean
Collection:
    • Flagships
      • Flagships

Description

The sixty-fourth edition of the Economic Survey is divided into four chapters. The first chapter reviews the economic performance of Latin America and the Caribbean during the first half of 2012, against the backdrop of a global economic slowdown and heightened uncertainty as to prospects for growth in the major economies. This scenario contributed to a slight cooling of economic expansion in Latin America and the Caribbean as a whole, especially through the trade channel. Demand continued to edge up, thanks primarily to household consumption, while rising investment or the positive contribution of net exports helped sustain brisk economic growth in a number of countries. This chapter also examines how macroeconomic policies were tailored to this unfavourable environment and sought to broaden the space for facing an external context that could turn even more negative. The second chapter assesses the economic policies implemented by the countries of the region in the face of three adverse external scenarios: spiralling food and fuel prices in 2008; the global financial crisis (the worst of which ran from September 2008 to late 2009); and international uncertainty and the global economic cooldown starting in the second half of 2011. This chapter shows how the region has developed the capacity to respond to the challenges that such conditions pose, although the policy space differs substantially from one country to another. One of the key factors for achieving high, sustainable growth and reducing vulnerability to an adverse external environment is investment. The third chapter tracks investment in the region over time, identifying its components and examining the pattern of savings for funding investment. Recent adverse events have highlighted the need to develop appropriate national policies for dealing with them, as well as the importance of strengthening response capacity at the regional level. The fourth chapter examines the challenges faced and the progress made on four important fronts: the countercyclical response on the part of the regional development banks; new instruments for facilitating intraregional trade; changes to the Latin American Reserve Fund; and the creation or strengthening of mechanisms for fiscal and monetary authorities to cooperate in exchanging information and drafting common standards.

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S1200825_es.pdf

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E1200826_en.pdf

EN | PDF, 6108 KB

Venezuela_es.pdf

ES | PDF, 170 KB

Uruguay_es.pdf

ES | PDF, 156 KB

UMCO_es.pdf

ES | PDF, 155 KB

Trinidad_y_Tabago_es.pdf

ES | PDF, 153 KB

Suriname_es.pdf

ES | PDF, 146 KB

Peru_es.pdf

ES | PDF, 163 KB

Paraguay_es.pdf

ES | PDF, 212 KB

Panama_es.pdf

ES | PDF, 157 KB

Nicaragua_es.pdf

ES | PDF, 162 KB

Mexico_es.pdf

ES | PDF, 171 KB

Jamaica_es.pdf

ES | PDF, 162 KB

Honduras_es.pdf

ES | PDF, 180 KB

Haiti_es.pdf

ES | PDF, 158 KB

Guyana_es.pdf

ES | PDF, 142 KB

Guatemala_es.pdf

ES | PDF, 165 KB

El_Salvador_es.pdf

ES | PDF, 162 KB

Ecuador_es.pdf

ES | PDF, 171 KB

Cuba_es.pdf

ES | PDF, 149 KB

Costa_Rica_es.pdf

ES | PDF, 165 KB

Colombia_es.pdf

ES | PDF, 169 KB

Chile_es.pdf

ES | PDF, 158 KB

Brasil_es.pdf

ES | PDF, 171 KB

Bolivia_es.pdf

ES | PDF, 163 KB

Belice_es.pdf

ES | PDF, 159 KB

Barbados_es.pdf

ES | PDF, 155 KB

Bahamas_es.pdf

ES | PDF, 156 KB

Argentina_es.pdf

ES | PDF, 168 KB

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