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Economic Survey of Latin America and the Caribbean 1999-2000

image of Economic Survey of Latin America and the Caribbean 1999-2000

This summary provides an assessment of the Latin America and the Caribbean region's economy during 1999 and the first half of 2000. It presents an overview of each country's external sector, macroeconomic policy, activity levels, inflation, employment, saving and investment. The publication contains thirteen statistical tables.

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Growth, employment, and equity: The impact of the economic reforms in Latin America and the Caribbean

Over the last 15 years, countries in the region have made increasing use of structural reforms to turn their economies away from the closed, state-led economic model of the import-substitution industrialization period, toward greater market-orientation and openness to the rest of the world. Complementary aspects of this process have involved a higher priority for macroeconomic stability -especially in terms of lower inflation- and, more recently, greater social expenditure. Policymakers expected these changes to enhance productivity and boost economic growth, leading to job creation and greater equality.

English

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