This paper argues that Latin America's market-oriented reforms, together with increased monetary and fiscal discipline, were successful in bringing down inflation, inducing export growth and diversification, and attracting foreign direct investment. Nonetheless, economic growth was frustratingly...

One Pager No. 81 ? How Does the Financial Crisis Affect Developing Countries? by Diana Alarcon, Poverty Practice, Bureau for Development Policy, UNDP; Stephany Griffith-Jones, Columbia University; and José Antonio Ocampo, Columbia University

Latin America and the Caribbean is one of the regions in the world with the greatest ethnic, racial and cultural diversity. This diversity is a major asset that holds the key to achieving lasting economic and political stability and constructing a fair, cohesive and democratic society. However,...

"Assesses how regional financial institutions can help developing countries, often at a disadvantage within the global financial framework, finance their investment needs, counteract the volatility of private capital flows, and make their voices heard"--Provided by publisher

Leading governments undertook extraordinary measures to offset the 2008 economic crisis, shoring up financial institutions, stimulating demand to reverse recession, and rebalancing budgets to alleviate sovereign debt. While productive in and of themselves, these solutions were effective because...

Customers in the US and Canada please order from Stanford University Press at (800) 621-2736 or visit their website at www.sup.org. In this book, ECLAC (Economic Commission for Latin America and the Caribbean) draws upon the Latin American and Caribbean region's experience in order to formulate...

Developing country debt crises have been a recurrent phenomenon over the past two centuries. In recent times sovereign debt insolvency crises in developing and emerging economies peaked in the 1980s and, again, from the middle 1990s to the start of the new millennium. Despite the fact that...

Economic structuralists use a broad, systemwide approach to understanding development, and this textbook assumes a structuralist perspective in its investigation of why a host of developing countries have failed to grow at 2 percent or more since 1960. Sensitive to the wide range of factors that...

Leading governments undertook extraordinary measures to offset the 2008 economic crisis, shoring up financial institutions, stimulating demand to reverse recession, and rebalancing budgets to alleviate sovereign debt. While productive in and of themselves, these solutions were effective because...