Latin American Growth : A Trade Perspective

Latin American Growth : A Trade Perspective

This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the tract...

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Bibliographic Details
Main Authors: de la Torre, Augusto, Ize, Alain
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
ECONOMIC GROWTH
CONVERGENCE
EXPORT-LED GROWTH
IMPORT SUBSTITUTION
COMMODITY DEPENDENCE
NATURAL RESOURCE CURSE
DUTCH DISEASE
EXPORT DIVERSIFICATION
TRADE POLICY
Online Access:http://documents.worldbank.org/curated/en/690421559580059769/Latin-American-Growth-A-Trade-Perspective
http://hdl.handle.net/10986/31798
id okr-10986-31798
recordtype oai_dc
spelling okr-10986-317982022-07-03T12:14:57Z Latin American Growth : A Trade Perspective de la Torre, Augusto Ize, Alain ECONOMIC GROWTH CONVERGENCE EXPORT-LED GROWTH IMPORT SUBSTITUTION COMMODITY DEPENDENCE NATURAL RESOURCE CURSE DUTCH DISEASE EXPORT DIVERSIFICATION TRADE POLICY This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external leverage measuring the impact of the country's use of external resources, and (iii) a domestic response measuring the impact of the country's imports on its domestic income. This decomposition brings to light three regional growth dynamics: the first is centered on commodities and South America, the second on manufactures and Mexico, and the third on services and Central America. The evidence points toward the need for a trade-oriented growth agenda that puts a premium on raising exports and making countries more attractive to people, not just capital. The latter in turn adds urgency to healing the region’s social fractures and dealing with its institutional weaknesses. 2019-06-06T14:31:18Z 2019-06-06T14:31:18Z 2019-06 Working Paper http://documents.worldbank.org/curated/en/690421559580059769/Latin-American-Growth-A-Trade-Perspective http://hdl.handle.net/10986/31798 English Policy Research Working Paper;No. 8871 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Latin America & Caribbean Central America Latin America Mexico
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC GROWTH
CONVERGENCE
EXPORT-LED GROWTH
IMPORT SUBSTITUTION
COMMODITY DEPENDENCE
NATURAL RESOURCE CURSE
DUTCH DISEASE
EXPORT DIVERSIFICATION
TRADE POLICY
spellingShingle ECONOMIC GROWTH
CONVERGENCE
EXPORT-LED GROWTH
IMPORT SUBSTITUTION
COMMODITY DEPENDENCE
NATURAL RESOURCE CURSE
DUTCH DISEASE
EXPORT DIVERSIFICATION
TRADE POLICY
de la Torre, Augusto
Ize, Alain
Latin American Growth : A Trade Perspective
geographic_facet Latin America & Caribbean
Central America
Latin America
Mexico
relation Policy Research Working Paper;No. 8871
description This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external leverage measuring the impact of the country's use of external resources, and (iii) a domestic response measuring the impact of the country's imports on its domestic income. This decomposition brings to light three regional growth dynamics: the first is centered on commodities and South America, the second on manufactures and Mexico, and the third on services and Central America. The evidence points toward the need for a trade-oriented growth agenda that puts a premium on raising exports and making countries more attractive to people, not just capital. The latter in turn adds urgency to healing the region’s social fractures and dealing with its institutional weaknesses.
format Working Paper
author de la Torre, Augusto
Ize, Alain
author_facet de la Torre, Augusto
Ize, Alain
author_sort de la Torre, Augusto
title Latin American Growth : A Trade Perspective
title_short Latin American Growth : A Trade Perspective
title_full Latin American Growth : A Trade Perspective
title_fullStr Latin American Growth : A Trade Perspective
title_full_unstemmed Latin American Growth : A Trade Perspective
title_sort latin american growth : a trade perspective
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/690421559580059769/Latin-American-Growth-A-Trade-Perspective
http://hdl.handle.net/10986/31798
_version_ 1764475092802207744

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