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Published in 1999. The liberalization process in Latin America
during the 1990s resulted in the increase and diversification of
trade in the region. Brazil, as a major player, strengthened its
insertion into the world economy through the adoption of strategies
for opening up markets and of new production technologies;
complemented more recently by the creation of a broadly based
stabilization plan. In this context, issues related to structural
changes in the economy, such as those involving the complexity of
new international trading agreements and their impact on the
Brazilian economy, warrant special attention. The results of this
study suggest that the interplay of market forces in the Brazilian
economy favour the more developed region of the country.
Published in 1999. The liberalization process in Latin America
during the 1990s resulted in the increase and diversification of
trade in the region. Brazil, as a major player, strengthened its
insertion into the world economy through the adoption of strategies
for opening up markets and of new production technologies;
complemented more recently by the creation of a broadly based
stabilization plan. In this context, issues related to structural
changes in the economy, such as those involving the complexity of
new international trading agreements and their impact on the
Brazilian economy, warrant special attention. The results of this
study suggest that the interplay of market forces in the Brazilian
economy favour the more developed region of the country.
This book examines regional structural challenges on Colombia’s
path to sustainable social cohesion and regionally inclusive
growth. These challenges can be divided into three main groups: (i)
those that focus on competitiveness and the supply side, (ii) those
that arise from critical business cycle issues on the demand side,
and (iii) those concerning environmental sustainability, employment
and social inclusion. The contributions, written by experts
on Latin American economics and regional science, apply
quantitative simulations based on a unified general equilibrium
framework and address a wide range of topics, including:
Colombia’s competitive integration in global markets, human
capital profiles, regional economic disparities and public and
private mechanisms of interregional income transfer. The challenges
entailed by such high-profile and long-term issues as productivity
growth and climate change are also analyzed. In addition, the book
positions Colombia’s experiences in an international comparative
context. It argues that many other Latin American countries face
similar challenges and provide evidence to substantiate this claim.
By doing so, it offers valuable policy lessons for Latin American
countries with similar difficulties.
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