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Policy Seminar - April 12, 2012
The World of Forking Paths: Latin America and the Caribbean Facing Global Economic Risks
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This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that captures the trade, financial and other linkages between the region and the rest of the world. While vulnerabilities remain and external shocks have been and remain critical, the region enjoys many strengths and has developed a growing arsenal of policy tools. What is the balance of vulnerabilities versus strengths? How can countries address the existing vulnerabilities? How can they perfect their policy tools and minimize the effect of external crises?
This report highlights how, in the aftermath of the global financial crisis, key structural characteristics of Latin American and Caribbean countries are defining two quite different regional clusters in terms of opportunities and challenges ahead. It shows that substantial changes are already taking place and will impact the regional clusters in different ways. Economic policy design in each coun ... (View publication)
In the aftermath of the direst global crisis in recent times, Latin America and the Caribbean has shown remarkable resilience. The aim of this report is threefold: first, to understand the sources of this resilience, identifying the role played by unprecedented international financial support on the one hand, and the strength of domestic macroeconomic fundamentals on the other; second, to highligh ... (View publication)
Latin America is growing fast and fundamentals look healthier. Are these achievements here to stay? Strong commodity prices may not last forever and a US recession could have major repercussions in the region. Should countries prepare now for tomorrow’s crisis? What is the top-ten list on the policy agenda? (View publication)
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