39 Pages Posted: 18 Nov 2006
Date Written: November 2006
This paper looks at the historical lessons that might serve to entrech Latin America's newly resurgent growth phase. It briefly reviews the post-World War II experiences in Latin America and Asia, focusing on the conditions that favored capital accumulation and productivity growth in the faster growing economies. Among these, the paper highlights the importance of stable macroeconomic policies, especially fiscal policy.
Keywords: Macroeconomic Policy, Policy Design and Consistency, Economic Growth, and Open Economies
JEL Classification: E30, E61, F02, F32, F36, F43
Suggested Citation: Suggested Citation
Cerisola, Martin D. and Singh, Anoop, Sustaining Latin America's Resurgence: Some Historical Perspectives (November 2006). IMF Working Paper No. 06/252. Available at SSRN: https://ssrn.com/abstract=945734