Latin America's tepid economic growth limits its ability to address pressing social issues. What must be done to elevate its growth rate, resilience to future shocks and response to climate change? Three required measures are increased competition, improved capacity for firms to profit from this competition and fortified financial markets.
ContentsForewordIntroductionIlan Goldfajn and Eduardo Levy YeyatiThe Latin American pandemicIlan Goldfajn and Eduardo Levy YeyatiSection I: Avoiding the next crisis“The pandemic can be used as a cover for wasteful spending”Laura Alfaro“QE in advanced economies does not provide a convincing argument for monetary financing in emerging ones”Roberto Chang
The impact of the Covid-19 pandemic in Latin America highlighted the challenge of long-standing fiscal and social deficits in a context of overstretched public sector resources. And it deepened a growing discontent with the economic status quo and the political system. A new CEPR eBook collects a series of conversations with distinguished Latin American researchers and