From Global Collapse to Recovery : Economic Adjustment and Growth Prospects in Latin America and the Caribbean

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/27811

关键词：

ACCELERATION OF INFLATION;  ACCUMULATION OF RESERVES;  ADVANCED ECONOMIES;  ADVERSE EFFECTS;  ASSETS;  BANK LENDING;  BANKING;  BANKING SYSTEM;  BANKING SYSTEMS;  BUSINESS CYCLE;  BUSINESS CYCLES;  CAPITAL;  CAPITAL ACCUMULATION;  CAPITAL FLOWS;  CAPITAL INFLOWS;  CENTRAL BANKS;  COMMODITY PRICE;  COMMODITY PRICE BOOM;  COMMODITY PRICES;  COMPARATIVE ANALYSIS;  COMPETITIVENESS;  CONSENSUS FORECAST;  CONSENSUS FORECASTS;  CONSOLIDATION;  CONSUMPTION;  CONSUMPTION DEMAND;  COUNTRY MARKETS;  CREDIT;  CURRENCY;  CURRENCY APPRECIATION;  CURRENCY APPRECIATIONS;  DEBT;  DEBT CRISES;  DEBT SUSTAINABILITY;  DEMAND;  DEPRESSION;  DIRECTION OF TRADE;  DISTORTION;  DISTORTIONS;  DOMESTIC CONSUMPTION;  DOMESTIC CREDIT;  DOMESTIC CURRENCY;  DOMESTIC DEMAND;  DOMESTIC MARKET;  DOMESTIC PRICE;  DOMESTIC PRICE INFLATION;  DOMESTIC SAVING;  DOWNSIDE RISKS;  DOWNWARD RIGIDITY;  DRIVERS;  DUTCH DISEASE;  ECONOMIC ACTIVITY;  ECONOMIC COMPLEMENTARITY;  ECONOMIC DOWNTURNS;  ECONOMIC GROWTH;  ECONOMIC OUTLOOK;  ECONOMIC OVERHEATING;  ECONOMIC PERFORMANCE;  ECONOMY;  ELASTICITY;  EMERGING MARKETS;  EQUITY;  EURO ZONE;  EXCHANGE;  EXCHANGE MARKET;  EXCHANGE RATE;  EXCHANGE RATE APPRECIATIONS;  EXCHANGE RATE FLEXIBILITY;  EXCHANGE RATE INTERVENTION;  EXCHANGE RATE POLICY;  EXPECTATIONS;  EXPORT COMPETITIVENESS;  EXPORT DIVERSIFICATION;  EXPORT GROWTH;  EXPORT MARKET;  EXPORTERS;  EXPORTS;  EXPOSURE;  EXTERNAL DEMAND;  EXTERNAL SHOCK;  EXTERNAL SHOCKS;  FEDERAL RESERVE;  FEDERAL RESERVE BANK;  FINANCE;  FINANCIAL CRISES;  FINANCIAL CRISIS;  FINANCIAL INSTITUTIONS;  FINANCIAL INTERMEDIATION;  FINANCIAL POLICY;  FISCAL POLICIES;  FISCAL POLICY;  FORECASTS;  FOREIGN CAPITAL;  GDP;  GDP PER CAPITA;  GLOBAL DEMAND;  GLOBAL ECONOMY;  GLOBAL LIQUIDITY;  GOLD;  GOLD STANDARD;  GOODS;  GROWTH RATE;  GROWTH RATES;  HIGH INFLATION;  HUMAN CAPITAL;  IMPORT;  IMPORT PRICES;  IMPORTS;  INCENTIVES;  INCOME;  INDEBTEDNESS;  INDEPENDENT MONETARY POLICY;  INFLATION;  INFLATION EXPECTATIONS;  INFLATION FORECASTS;  INFLATION RATE;  INFLATIONARY EXPECTATIONS;  INFLATIONARY PRESSURES;  INFORMATION;  INSURANCE;  INTEREST;  INTEREST RATE;  INTEREST RATE DIFFERENTIAL;  INTEREST RATE DIFFERENTIALS;  INTEREST RATES;  INTERNATIONAL FINANCIAL MARKETS;  INTERNATIONAL FINANCIAL STATISTICS;  INTERNATIONAL RESERVE;  INTERNATIONAL RESERVES;  INVENTORIES;  INVENTORY;  INVESTMENT;  INVESTMENT BOOM;  INVESTMENT CLIMATE;  INVESTMENT LEVELS;  LABOR;  LABOR DEMAND;  LABOR FORCE;  LABOR FORCE PARTICIPATION;  LABOR MARKET;  LABOR MARKET POLICIES;  LABOR MARKET POLICY;  LABOR MARKETS;  LABOR ORGANIZATION;  LABOR SUPPLY;  LAYOFFS;  LIQUIDITY;  LOCAL CURRENCY;  LOW INTEREST RATES;  MACROECONOMIC POLICY;  MANAGEMENT;  MARKET FORCES;  MARKET PRESSURE;  MARKET PRESSURES;  MARKET SHARES;  MARKETS;  MINIMUM WAGES;  MONETARY CONDITIONS;  MONETARY POLICY;  MONETARY POLICY FRAMEWORKS;  NATIONAL SAVINGS;  NATURAL RESOURCE;  NET EXPORTS;  NOMINAL EXCHANGE RATE;  NOMINAL WAGES;  OPEN ECONOMIES;  OTHER CURRENCIES;  OUTPUT GAP;  POVERTY REDUCTION;  PRICE INCREASES;  PRICES;  PRIVATE CAPITAL;  PRODUCTION;  PRODUCTIVITY;  PRODUCTIVITY GROWTH;  PUBLIC SPENDING;  REAL APPRECIATION;  REAL EXCHANGE RATE;  REAL EXCHANGE RATES;  REAL GDP;  REAL WAGES;  RECESSION;  RECESSIONS;  REGIONAL GROWTH;  REGIONAL SHOCKS;  REGULATORY REFORM;  RELATIVE PRICES;  RELATIVE WEIGHT;  RENT;  RENTS;  RESERVE ACCUMULATION;  RESERVE REQUIREMENTS;  RESOURCE ALLOCATION;  RISK;  RISKS;  SAFETY;  SAFETY NETS;  SEMI-ELASTICITIES;  SIDE EFFECTS;  SLOWDOWN;  STANDARD DEVIATION;  STANDARDS;  STOCK MARKETS;  STOCK PRICE;  STOCK PRICES;  STRUCTURAL CHANGE;  SUPPLY;  SUPPLY CONDITIONS;  SURPLUS;  SURPLUSES;  TEMPORARY EMPLOYMENT;  TEQUILA CRISIS;  TRADABLE GOODS;  TRADE;  TRADE OPENNESS;  TRADE STATISTICS;  TRAINING;  TRANSFERS;  TRENDS;  TROUGH;  UNCERTAINTIES;  UNCERTAINTY;  UNEMPLOYED;  UNEMPLOYED WORKERS;  UNEMPLOYMENT;  UNEMPLOYMENT RATE;  UNEMPLOYMENT RATES;  VARIABLES;  WAGE RIGIDITIES;  WAGES;  WEAK CURRENCIES;  WEALTH;  WEIGHTS;  WELFARE;  WORLD ECONOMY;  WORLD TRADE;  Report; 

年份：

2010

出版地：

Washington,USA

语种：

English

摘要：

The global crisis is now in the rear view mirror and world growth is being restored. In sharp contrast with past episodes of global turmoil, this time the recovery is led by the periphery, specifically by the larger and more dynamic emerging markets (Brazil, China, India, South Korea, Malaysia, Philippines, and Thailand). For this group of emerging markets (EMs), the contraction in economic activity was much smaller than that of rich countries, the recovery started earlier, and the rebound has been much steeper. Latin America and the Caribbean (LAC) are second among emerging regions, after Asia, in the strength of the recovery. The first part of the report focuses on macroeconomic and financial aspects, emphasizing the outlook going forward. Finally, the second part examines some aspects of the adjustment in labor markets during this crisis in comparison to previous ones.