By Jeff Hayden
Between 2004 and 2013, Latin America recorded impressive growth and strong progress on a range of social issues. High commodity prices combined with strengthened economic management and progressive social policies to propel the region forward.
This strength was all the more striking against the backdrop of the 2008–09 global financial crisis, which mired many advanced economies in recession but saw emerging markets, including many in Latin America, power ahead. This led some observers to dub the period the “Latin American decade.”
Now, as the world’s economic leaders prepare to gather in Lima, Peru, in October for the Annual Meetings of the International Monetary Fund and the World Bank, the picture looks quite different.
Filed under: Annual Meetings, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Español, Financial Crisis, Fiscal policy, Globalization, growth, IMF, Inequality, International Monetary Fund, Investment, Latin America, Reform | Tagged: commodiity prices, corruption, F&D, Finance & Development. F&D, inequality, islamic finance, labor force, Latin America, trade | Leave a comment »