Click Here to Download: https://ouo.io/YHG6gA Growth, Employment, and Equity The Impact of the Economic Reforms in Latin America and the Caribbean By: Barbara Stallings; Wilson Peres Publisher: Brookings Institution Press (Perseus) Print ISBN: 9780815780878, 0815780877 eText ISBN: 9780815798293, 0815798296 Format: PDF Available from $ 25.99 USD SKU 9780815798293 In the last ten to fifteen years, the Latin American and Caribbean region has undergone the most significant transformation of economic policy since World War II. Through a series of structural reforms, an increasing number of countries have moved from closed, state-dominated economies to ones that are more market oriented and open to the rest of the world. Policymakers expected that these changes, in conjunction with lower rates of inflation and increased spending in the social area, would speed up economic growth, increase productivity, and lead to the creation of more jobs and greater equality. Have those expectations been fulfilled? Analyzing the impact of the reforms in nine countries (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru), this study provides a detailed picture of progress to date. At the overall regional level, the book suggests, the reforms have had a surprisingly small impact: a small positive impact on investment and growth, and a small negative impact on employment and income distribution. But at the country, sectoral, and microeconomic levels, it finds evidence of strong effects, with some units doing very well and others falling behind.
