Latin America and the Caribbean has seen remarkable socio-economic progress since the beginning of the century. The macroeconomic situation of individual countries has strengthened, living standards have improved, and poverty and inequality have declined. Yet large structural vulnerabilities remain and new ones have emerged. Many of these are linked to countries’ transition to higher income and development levels. The Latin American Economic Outlook 2019: Development in Transition (LEO 2019) presents a fresh analytical approach in the region. It assesses four development traps relating to productivity, social vulnerability, institutions and the environment. It outlines local opportunities for responding to those traps and seeks ways of improving global public goods to reinforce national agendas, all in the context of the United Nations 2030 Agenda. LEO 2019 calls for improving domestic capacities and adopting a new vision of international co-operation as a facilitator to support those efforts.
This publication was launched on 20 March 2019 on the framework of the Conference BAPA+40 in Buenos Aires, Argentina. Click here for the agenda and more information.
Press Release: A call for a renewed, inclusive multilateralism: Latin America and the Caribbean at forefront of new forms of international co-operation
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Chapter 1: Socio-economic risks and challenges: A macro-perspective
Chapter 2: Changing the lens: Development beyond income
Chapter 3: The "new" development traps
Chapter 4: Making states more capable: Building and implementing national strategies
Chapter 5: International co-operation as a facilitator to address new domestic and global challenges
Chapter 6: Special feature: The Caribbean small states
Acronyms and abbreviations
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The Latin American Economic Outlook is the OECD Development Centre’s annual analysis of economic developments in Latin America in partnership with the Economic Commission for Latin America and the Caribbean (UN ECLAC), the Development Bank of Latin America (CAF) and the Europen Commission. Each edition includes a detailed macroeconomic overview as well as analysis on the dynamics shaping the region in the context of shifting wealth, particularly towards emerging economies. Each issue also includes an in-depth look at a special theme related to development in Latin America, taking into account the strategic challenges and opportunities the region will have in the future.
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