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Latin America’s Growth: Looking through the Demand Glass (Inglês)

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 industrialization era for...
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  • 2022/11/08

  • Documento de trabalho sobre pesquisa de políticas

  • WPS10227

  • 1

  • América Latina,

  • 2022/11/08

  • Disclosed

  • Latin America’s Growth: Looking through the Demand Glass

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