The recovery paradox in Latin America and the Caribbean Growth amid persisting structural problems: inequality, poverty and low investment and productivity

14 July 2021 | Publication

Work area(s)

Economic development Social development

Topic(s)

COVID-19 Economic indicators and projections Employment Inequality Investment Poverty Productivity Public administration Public policies Pensions

The recovery paradox in Latin America and the Caribbean Growth amid persisting structural problems: inequality, poverty and low investment and productivity

- Physical description: 40 páginas.
- Publisher: ECLAC
- Date: 14 July 2021

View full record in repository

Abstract

This Special Report examines the economic and social impact of the COVID-19 pandemic, more than a year after it first appeared, providing new growth projections for the region’s countries. The document, entitled The recovery paradox in Latin America and the Caribbean. Growth amid persisting structural problems: inequality, poverty and low investment and productivity, analyzes the performance of the region’s main economic and social indicators and presents policy proposals for achieving a transformative recovery based on the forging of a new development pattern.

Table of contents

  • I. The economic rebound does not ensure sustained growth. A. Structural gaps have exacerbated the adverse effects of the pandemic
  • II. Social impacts worsen and will persist into the economic recovery. A. Higher poverty, higher inequality. B. High levels of vulnerability among middle-income groups. C. Diminished coverage of pension systems. D. Emergency transfers are of the essence. E. The risk of a lost generation
  • III. Environmental deterioration continues and environmental policies suffer a setback. A. The fall in activity afforded nature only a brief respite. B. Lower public budgets to underpin environmental discourse
  • IV. Strategy and policy proposals. A. The developed countries are acting now, while the region lags behind. B. Sustaining expansionary fiscal policies. C. Financing for development: empowering new initiatives. D. Maintain emergency transfers. E. Strengthening health and education. F. Reaffirmation of a transformational strategy.

SDG(s)

1. No poverty 3. Good health and well-being 4. Quality education 8. Decent work and economic growth 10. Reduce inequalities 17. Partnership for the goals 1. No poverty 3. Good health and well-being 4. Quality education 8. Decent work and economic growth 10. Reduce inequalities 17. Partnership for the goals