The Economic Failure in Latin America

1
The Economic Failure in Latin America 1980-2005
Mark Weisbrot
2
Economic Reforms Over the Past 25 Years

• Reduced restrictions on international trade and
  financial flows
• Tighter fiscal and monetary policies
• Privatization of state-owned enterprises
• Labor market and public pension reforms
• Abandonment of state-directed industrial policies
  or development strategies
• Increased accumulation of foreign
• reserve holdings

3
(No Transcript)
4
Growth in GDP per capita, Latin America
Start of 25-year period
5
(No Transcript)
6
(No Transcript)
7
(No Transcript)
8
(No Transcript)
9
Latin America and Caribbean
10
Mark Weisbrot weisbrot_at_cepr.net Co-Director Cente
r for Economic and Policy Research www.cepr.net