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Economic Reactivation Needs Productive, Fiscal and Institutional Structural Reforms to Move Towards an Inclusive and Sustainable
A special issue of the CEPAL Review on COVID-19’s economic and social effects in the region was presented during a webinar led by Alicia Bárcena, the organization’s Executive Secretary.
The region of Latin America and the Caribbean has been the most affected by the COVID-19 pandemic, and the most harmed in economic and social terms. This is due to longstanding structural factors that have portended its dysfunctional development pattern. That is why the economic reactivation must pursue, at the same time, significant productive, fiscal and institutional structural reforms, in order to move forward on configuring a new, inclusive and sustainable development pattern.
The region of Latin America and the Caribbean has been the most affected by the COVID-19 pandemic, and the most harmed in economic and social terms. This is due to longstanding structural factors that have portended its dysfunctional development pattern. That is why the economic reactivation must pursue, at the same time, significant productive, fiscal and institutional structural reforms, in order to move forward on configuring a new, inclusive and sustainable development pattern.
So stated Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), and Mario Cimoli, Deputy Executive Secretary of that United Nations regional organization, in a joint article published in the latest edition of the
With the aim of contributing to broadening and deepening discussions regarding the global crisis and its effects on and prospects for recovery in Latin America and the Caribbean, the
CEPAL Review has edited a special issue on the COVID-19 pandemic, which will be unveiled next Thursday, April 29, during a webinar that will include a virtual dialogue with authors of the articles to be published in this distinctive edition.
The event entitled “COVID-19 and the socioeconomic crisis in Latin America and the Caribbean” will take place at 10 a.m. local time in Chile (GMT -4) and will be led by the United Nations regional organization’s Executive Secretary, Alicia Bárcena. It will feature the participation of prominent scholars and specialists, among them Mario Cimoli, ECLAC’s Deputy Executive Secretary; José Antonio Ocampo, Professor at the School of International and Public Affairs of Columbia University and Chair of the Committee for Development Policy of the United Nations E
Growth Without Economic Growth
Economic growth is closely linked to increases in production, consumption and resource use and has detrimental effects on the natural environment and human health. It is unlikely that a long-lasting, absolute decoupling of economic growth from environmental pressures and impacts can be achieved at the global scale; therefore, societies need to rethink what is meant by growth and progress and their meaning for global sustainability.
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Key messages
The ongoing ‘Great Acceleration’ [1] in loss of biodiversity, climate change, pollution and loss of natural capital is tightly coupled to economic activities and economic growth.