Unless countries in Latin America institute major reforms, the region’s economic future could be quite bleak.
Latin America saw rapid economic development between 2004 and 2013, and after the 2008 financial crisis, the region stood out as a bright spot on an otherwise dark economic horizon. Today, however, prospects are very different. Beginning in 2014, several Latin American economies stumbled as commodity prices plummeted and global trade fell off. Economist José Antonio Ocampo explains the reforms the region must undertake to regain its place on the world economic stage. His concise article provides insights into how Latin America should address slow growth. getAbstract recommends it to executives and economists interested in the region’s future.
In this summary, you will learn
- Why Latin American economies expanded rapidly between 2004 and 2013
- How factors such as the fall in commodity prices have slowed economic output since 2014
- What the region needs to do to return to healthy growth
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