This paper revisits the historical roots
of Latin America’s disappointing growth using a
novel macro and trade-based growth decomposition and a
simple model of industrialization in a commodities-exporting
country with a large informal sector. The approach suggests
the need to better qualify two opposite narratives: that the
post-1982 (“neoliberal”) reforms have
failed, and it is time to look back to the import
substitution...
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DETAILS
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2022/11/08
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Policy Research Working Paper
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WPS10227
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1
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2022/11/08
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Disclosed
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Latin America’s Growth: Looking through the Demand Glass
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