A Brave New World for Latin America

A Brave New World for Latin America

With 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...

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Bibliographic Details
Main Author:	Giugale, Marcelo M.
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ANTIDISCRIMINATION APPROVAL RATE BALANCE OF PAYMENTS BALANCE SHEET BALANCE-SHEET BANK ACCOUNTS BANKS BENEFICIARY BINDING CONSTRAINTS BOURSES BUSINESS CYCLES BUSINESS ENVIRONMENT CAPITAL CONTROLS CAPITAL FLOW CAPITAL INFLOWS CASH TRANSFER CASH TRANSFERS CD CENTRAL BANK COLLEGE EDUCATION COMMODITY COMMODITY PRICES CORRUPTION COURTS CREDIT RATINGS CURRENCY CURRENT ACCOUNTS DEBT DECENTRALIZATION DEMOCRACY DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT PATH DEVOLUTION DOMESTIC BANKS ECONOMIC POLICY EMERGING MARKETS EQUALITY EQUALITY OF OPPORTUNITY EQUITY MARKETS EU EXCESS LIQUIDITY EXPENDITURE FAMILY INCOME FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DISCIPLINE FINANCIAL OPENNESS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SYSTEM FISCAL DEFICITS FISCAL POLICY FLEXIBLE FINANCING FOREIGN CAPITAL FREE TRADE FREE TRADE AGREEMENTS GENDER GLOBAL ECONOMY GLOBAL LEADER HOME HUMAN CAPITAL INEQUALITY INFLATION INFLATION TARGETS INSTITUTIONAL CAPACITY INTELLECTUAL PROPERTY INTEREST RATES JUDGE LAWS LEGAL FRAMEWORK LENDERS LONG-TERM INVESTMENT MACROECONOMICS MONETARY FUND MORTGAGE MORTGAGE MARKETS MULTILATERAL LENDERS MUNICIPALITIES NATURAL RESOURCES NEW PRODUCTS NUTRITION OUTPUT PHYSICAL SECURITY PREGNANCY PRIVATE PROPERTY PRODUCTIVE INVESTMENT PRODUCTIVITY PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC POLICIES PUBLIC SERVICES PURCHASING POWER RAPID GROWTH RECESSION RESERVES RETURN SAVINGS SOCIAL JUSTICE SOVEREIGN DEBT SYSTEMIC RISK TAX TAX INCENTIVES TAX SYSTEMS TAXATION TECHNICAL SUPPORT TRANSPARENCY UNEMPLOYMENT UNION VENTURE FUNDING WILL WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2010/04/12132614/brave-new-world-latin-america http://hdl.handle.net/10986/10196

Description
Summary:	With 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.

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