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Export Dynamism in Latin America: Why has it been Insufficient for GDP Dynamism?

In: Reforming Latin America’s Economies

Author

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  • Ricardo Ffrench-Davis

Abstract

Since the mid-eighties, Latin America recorded significant export dynamism. This was associated, first, with depreciation of local currencies as a result of the debt crisis, and secondly, with a generalized process of trade liberalization. Indeed, regional exports grew over 7% in 1990–2004. However, despite the export success, the overall economic performance was rather poor, with an annual growth rate of GDP of 2.6% for the region as a whole. Why were the high rates of export growth in the nineties not associated with a vigorous GDP growth in Latin America as did happen, for instance, in the East-Asian Economies?

Suggested Citation

  • Ricardo Ffrench-Davis, 2005. "Export Dynamism in Latin America: Why has it been Insufficient for GDP Dynamism?," Palgrave Macmillan Books, in: Reforming Latin America’s Economies, chapter 0, pages 115-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50990-0_5
    DOI: 10.1057/9780230509900_5
    as

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