Growth, Employment, and Equity: The Impact of the Economic Reforms in Latin America and the Caribbean

摘要: In the last ten to fifteen years, Latin American and Caribbean region has undergone most significant transformation of economic policy since World War II. Through a series structural reforms, an increasing number countries have moved from closed, state-dominated economies ones that are more market oriented open rest world. Policymakers expected these changes, in conjunction with lower rates inflation increased spending social area, would speed up growth, increase productivity, lead creation jobs greater equality. Have those expectations been fulfilled? Analyzing impact reforms nine (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru), this study provides detailed picture progress date. At overall regional level, book suggests, had surprisingly small impact: positive on investment negative employment income distribution. But at country, sectoral, microeconomic levels, it finds evidence strong effects, some units doing very well others falling behind.