40 Pages Posted: 31 Oct 2006
Date Written: September 2006
This paper presents a number of facts about growth in Latin America, and shows how critical correlates of growth have evolved over time. In comparison with other regions, Latin America has consistently exhibited higher macroeconomic volatility, lower openness, and higher income inequality, though openness and macroeconomic stability have improved since the early 1990s. The paper then discusses three views of why reforms have not led to higher growth in Latin America: that reforms have gone too far; that reforms have not gone far enough; and that reforms have missed the point.
Keywords: Growth, Reforms, Volatility, Latin America
JEL Classification: O11, O15, O17, O54
Suggested Citation: Suggested Citation
Zettelmeyer, Jeromin, Growth and Reforms in Latin America: A Survey of Facts and Arguments (September 2006). IMF Working Paper, Vol. , pp. 1-40, 2006. Available at SSRN: https://ssrn.com/abstract=941272