Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability

by Ocampo, Jose Antonio

• ISBN13: 9780821358191
• ISBN10: 0821358197
• Format: Paperback
• Copyright: 2005-06-01
• Publisher: World Bank

Summary

This publication contains a number of papers written by analysts from the UN Economic Commission for Latin America and the Caribbean (ECLAC) which discuss development economics issues and options for improving the economic performance of Latin American countries, given the fact that, in many countries, recent liberalisation policies and structural reforms have resulted in macroeconomic problems, low investment and increasing technological gaps. The papers are divided into two sections which consider long-term economic growth and development patterns; and issues of macroeconomic vulnerability and its social effects.

Table of Contents

Introduction	xi
Part One Growth and the Dynamics of Productive Structure
The Quest for Dynamic Efficiency: Structural Dynamics and Economic Growth in Developing Countries	3	(42)
Trade Openness and Technology Gaps in Latin America: A ``Low-Growth Trap''	45	(26)
Four Sources of ``De-Industrialization'' and a New Concept of the ``Dutch Disease''	71	(46)
Globalization, Rising Labor Inequality, and Poverty in Latin America	117	(28)
Part Two Macroeconomic Vulnerabilities
Developing-Economy Cycles	145	(16)
Fiscal Policy Efficacy and Private Deficits: A Macroeconomic Approach	161	(28)
External Debt, Growth, and Sustainability	189	(22)
Divergence and Growth Collapses: Theory and Empirical Evidence	211	(22)
Index	233