Economic Survey of Latin America and the Caribbean 2012

Policies for an Adverse International Economy

image of Economic Survey of Latin America and the Caribbean 2012
The Economic Survey of Latin America and the Caribbean 2013 analyses the policies required to improve the perspectives of sustainable regional growth. It reviews the links between economic growth and investment and employment, as well as the fiscal and monetary policies, industrial, trade and social policies relevant for short and long-term growth. Special attention is given to regional key issues such as its structural heterogeneity, its high levels of inequality and the challenges of environmental sustainability. Additionally, the region’s economic evolution during the first semester of 2013 is analyzed in this survey.



Investment and saving in Latin America and the Caribbean: Stylized facts

Along with technical progress, human capital building and structural change, the formation of fixed capital is one of the main factors of sustained, long-term growth. Analysis of fixed capital formation patterns therefore sheds light on the difficulties which must be tackled in order to speed growth in Latin America and the Caribbean. This chapter reviews some stylized facts concerning the evolution of investment and investment financing from a macroeconomic perspective —i.e. saving— in the region. This exercise draws upon estimates of the components of investment that were not available until very recently.


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