Preliminary Overview of the Economies of Latin America and the Caribbean 2015
- ISBN-10
- 9210575253
- ISBN-13
- 9789210575256
- Category
- Political Science
- Pages
- 96
- Language
- English
- Published
- 2016-04-12
- Publisher
- United Nations
- Author
- United Nations ECLAC
Description
This publication highlights a regional slowdown in GDP growth. It argues that the currency depreciation seen in several countries in the region could, if sustained, increase incentives for investment in tradeable sectors other than the regions traditional exports (commodities), while redirecting expenditure to ease pressure on the current account. Growth-supporting industrial, trade, environmental, social and labour policies that take into account the needs of small and medium-sized enterprises, could help lessen the regions structural heterogeneity. Growth combined with greater equality would thus gain economic and social sustainability, with greater reliance from investment and exports than before. It is argued that this combination would be aided by social covenants for investment.
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