1887

UN Department of Economic and Social Affairs (DESA) Working Papers

The UN Department of Economic and Social Affairs (DESA) Working Papers aim to stimulate discussion and critical comment on the broad range of economic, social and environmental issues associated with the United Nations Development Agenda.

English

Impact of the Global Crisis on the Achievement of the MDGs in Latin America

Progress towards the MDGs is expected to slow as a consequence of the global economic downturn. Th is study applies an economy-wide framework to analyze the impact of the crisis on MDG achievement in six Latin American countries. It finds significant setbacks towards the goals and, in the case of the region’s low-income countries, the cost of achieving these would rise between 1.6 and 3.4 per cent of GDP per year between 2010 and 2015 as compared with a no-crisis scenario. The additional public spending would contribute to economic growth though not sufficiently for full recovery to pre-crisis growth.

English

Keywords: distribution, computable general equilibrium models, welfare and poverty, foreign aid, macroeconomic analyses of economic development
JEL: O11: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Macroeconomic Analyses of Economic Development; I3: Health, Education, and Welfare / Welfare, Well-Being, and Poverty; C68: Mathematical and Quantitative Methods / Mathematical Methods; Programming Models; Mathematical and Simulation Modeling / Computable General Equilibrium Models; F35: International Economics / International Finance / Foreign Aid; D3: Microeconomics / Distribution
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