Why does real volatility matter in Latin America and the Caribbea
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2007-2008 , pp 43-47
- Publication Date: December 2010
- DOI: https://doi.org/10.18356/214de540-en
- Language: English
“Anti-cyclical policies must be included in any programmes of economic development if there is to be an attempt, from a social point of view, to raise real income. The spread of the cyclical fluctuations of the large centres to the Latin-American periphery means a considerable loss of income to these countries. If this could be avoided, it would simplify the problem of capital formation. Attempts have been made to evolve an anti-cyclical policy, but it must be admitted that, as yet, but little light has been thrown on this subject” (Prebisch, 1950).
© United Nations
ISBN (PDF):
9789210544580
Book DOI:
https://doi.org/10.18356/e73a5c2b-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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