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Economic Survey of Latin America and the Caribbean 2010-2011

International Integration and Macroeconomic Policy Challenges Amid Global Economic Turmoil

image of Economic Survey of Latin America and the Caribbean 2010-2011

This publication is issued annually by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC). This sixty-third edition of the Economic Survey looks at the nature of the recovery from the financial global and economic crisis whose fallout spread across the region in the second half of 2008 and in 2009. It also delves into the challenges posed by highly liquid conditions in international financial markets combined with high prices for the region’s key commodities. Finally, it analyzes the situation in the countries of Latin America and the Caribbean during 2010 into the first part of 2011.

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Integration into international financial markets in the current context of high external liquidity

Starting in 2003, a number of shifts in the international economic cycle, greater appetite for risk among international investors seeking more profitable options than those offered by developed countries and significant macroeconomic changes in Latin American countries all combined to bring down the risk perception of the region’s economies and make local financial assets more attractive. The climate for external financing thus became extremely favourable.

English

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