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This paper reviews the resurgence of Latin America. The paper highlights that much of the region has witnessed a swift and robust recovery from the successive financial crises of 2001–02. Within two years, the region’s economic growth reached 5.6 percent in 2004, a 24-year high. Growth rates of about 4 percent in 2005 and 33⁄4 percent projected for 2006 are well above historical averages. Mexico and South American countries have gained, in particular, from the surge in fuel, food, and metals prices, and have generally been able to exploit these opportunities by expanding production.
Finance & Development, December 2005 Related Books
This paper reviews the resurgence of Latin America. The paper highlights that much of the region has witnessed a swift and robust recovery from the successive f
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe
The paper highlights that over the past century, access to education has increased enormously, illiteracy has fallen dramatically, and a higher proportion of pe
This paper explores why increased aid flows require economic policymakers to confront some specific issues. Ensuring that increased aid promotes growth and redu