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Renewing with Growth
[Volver a crecer]

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  • World Bank

Abstract

Latin America and the Caribbean suffered the largest death toll from Covid?19 across developing regions and the sharpest decline in economic activity. With fewer school days and lower employment rates, with higher public debt and more firms under stress, the effects could be long?lasting. The crisis also triggered large?scale economic restructuring, with productivity higher in the expanding than in the contracting sectors. Accelerated digitization could instill dynamism in finance, trade and labor markets, but it may amplify inequality within and across the countries in the region. Technology could transform the energy sector as well. Latin America and the Caribbean has the cleanest and potentially cheapest electricity generation matrix of all developing regions. But its electricity is the most expensive, due mainly to inefficiencies. Distributed generation within countries and electricity trade across countries, could make energy greener and cheaper, provided that the pricing is right.

Suggested Citation

  • World Bank, "undated". "Renewing with Growth [Volver a crecer]," World Bank Publications - Reports 35329, The World Bank Group.
  • Handle: RePEc:wbk:wboper:35329
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    References listed on IDEAS

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    1. Claudio E. Montenegro & Harry Anthony Patrinos, 2014. "Comparable Estimates of Returns to Schooling Around the World," Working Papers wp390, University of Chile, Department of Economics.
    2. Karthik Muralidharan & Abhijeet Singh & Alejandro J. Ganimian, 2019. "Disrupting Education? Experimental Evidence on Technology-Aided Instruction in India," American Economic Review, American Economic Association, vol. 109(4), pages 1426-1460, April.
    3. World Bank, "undated". "Trade Integration as a Pathway to Development? [¿La integración comercial como un camino al desarrollo?]," World Bank Publications - Reports 32518, The World Bank Group.
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    Cited by:

    1. M. Ayhan Kose & Peter Nagle & Franziska Ohnsorge & Naotaka Sugawara, 2021. "What has been the impact of COVID-19 on debt? Turning a wave into a tsunami," CAMA Working Papers 2021-99, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

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