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Sustaining Latin America's Resurgence: Some Historical Perspectives

39 Pages Posted: 18 Nov 2006  

Martin D. Cerisola

International Monetary Fund (IMF)

Anoop Singh

International Monetary Fund (IMF)

Date Written: November 2006

Abstract

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

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

Martin D. Cerisola (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Anoop Singh

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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