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Latin American Economic Outlook 2018: Rethinking Institutions for Development

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  • ECLAC

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Abstract

This document focuses on how institutions can underpin the foundations of a long period of sustained and inclusive growth and increased well-being. The report begins with an overview of the main macroeconomic challenges, analysing the complex macroeconomic context in Latin American and Caribbean (LAC) region, and exploring policy options to boost potential growth, with a particular focus on trade. It then analyses the link between low trust and society’s disconnection and dissatisfaction with institutions and a number of long-standing, structural features of the region as well as more recent, contextual dynamics that are shaping LAC’s economy, society and politics. In this respect, the report examines how the social contract can be strengthened in LAC, mainly through a state that delivers and responds to citizens’ changing demands, as well as through policies and institutions which provide good and equal socio-economic opportunities in a rapidly changing global context.

Suggested Citation

  • -, 2018. "Latin American Economic Outlook 2018: Rethinking Institutions for Development," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 43514 edited by Eclac.
    • Handle: RePEc:ecr:col013:43514
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    File URL: http://repositorio.cepal.org/handle/11362/43514
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    Citations

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    Cited by:

    1. Juan Manuel Aristizábal & Gustavo A. García, 2021. "Regional economic growth and convergence: The role of institutions and spillover effects in Colombia," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(4), pages 1146-1161, August.
    2. Irarrázaval, Andrés, 2020. "The fiscal origins of comparative inequality levels: an empirical and historical investigation," LSE Research Online Documents on Economics 107491, London School of Economics and Political Science, LSE Library.
    3. -, 2020. "Political and social compacts for equality and sustainable development in Latin America and the Caribbean in the post-COVID-19 recovery," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 46146 edited by Eclac.
    4. Irarrázaval, Andrés, 2020. "The fiscal origins of comparative inequality levels: an empirical and historical investigation," Economic History Working Papers 107491, London School of Economics and Political Science, Department of Economic History.
    5. -, 2018. "Emerging challenges and shifting paradigms: New perspectives on international cooperation for development," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 44002 edited by Eclac.
    6. Pessino, Carola & Izquierdo, Alejandro & Vuletin, Guillermo, 2018. "Better Spending for Better Lives: How Latin America and the Caribbean Can Do More with Less," IDB Publications (Books), Inter-American Development Bank, number 9152, December.

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