The COVID-19 crisis in Latin America in historical perspective

This essay compares the COVID-19 crisis in Latin America with two long-lasting crises (the Great Depression and the debt crisis) and two more recent and shorter ones (the 1997 Asian crisis and the 2008–2009 North Atlantic crisis). The analysis indicates that almost all external shocks, whether as...

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Autor principal:	Ocampo, José Antonio
Formato:	Texto
Lenguaje:	English
Publicado:	2021
Materias:	COVID-19 CRISIS ECONOMICA COOPERACION INTERNACIONAL CRECIMIENTO ECONOMICO POBREZA ASPECTOS ECONOMICOS COMERCIO INTERNACIONAL RELACION DE INTERCAMBIO REMESAS ASISTENCIA FINANCIERA ECONOMIC CRISIS INTERNATIONAL COOPERATION ECONOMIC GROWTH POVERTY ECONOMIC ASPECTS INTERNATIONAL TRADE TERMS OF TRADE REMITTANCES FINANCIAL ASSISTANCE
Acceso en línea:	https://hdl.handle.net/11362/46927
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id	oai-11362-46927
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spelling	oai-11362-469272021-06-15T20:38:58Z The COVID-19 crisis in Latin America in historical perspective Ocampo, José Antonio COVID-19 CRISIS ECONOMICA COOPERACION INTERNACIONAL CRECIMIENTO ECONOMICO POBREZA ASPECTOS ECONOMICOS COMERCIO INTERNACIONAL RELACION DE INTERCAMBIO REMESAS ASISTENCIA FINANCIERA COVID-19 ECONOMIC CRISIS INTERNATIONAL COOPERATION ECONOMIC GROWTH POVERTY ECONOMIC ASPECTS INTERNATIONAL TRADE TERMS OF TRADE REMITTANCES FINANCIAL ASSISTANCE This essay compares the COVID-19 crisis in Latin America with two long-lasting crises (the Great Depression and the debt crisis) and two more recent and shorter ones (the 1997 Asian crisis and the 2008–2009 North Atlantic crisis). The analysis indicates that almost all external shocks, whether associated with external financing, the terms of trade, trade volumes or remittances, have been weaker during the current crisis. What has mainly been lacking is international financial cooperation. The severity of the crisis has therefore been due more to domestic factors: the fact that the region was the global epicentre of the pandemic for several months and that the crisis has come on top of five years of poor economic performance and three decades of slow growth. For this reason, the region needs to change its development patterns on top of implementing policies to overcome the crisis. 2021-05-31T20:10:46Z 2021-05-31T20:10:46Z 2020-12-31 Texto Sección o Parte de un Documento https://hdl.handle.net/11362/46927 LC/PUB.2021/4-P 4 en CEPAL Review - Special issue CEPAL Review 132 .pdf application/pdf AMERICA LATINA LATIN AMERICA
institution	Cepal
collection	Cepal
language	English
topic	COVID-19 CRISIS ECONOMICA COOPERACION INTERNACIONAL CRECIMIENTO ECONOMICO POBREZA ASPECTOS ECONOMICOS COMERCIO INTERNACIONAL RELACION DE INTERCAMBIO REMESAS ASISTENCIA FINANCIERA COVID-19 ECONOMIC CRISIS INTERNATIONAL COOPERATION ECONOMIC GROWTH POVERTY ECONOMIC ASPECTS INTERNATIONAL TRADE TERMS OF TRADE REMITTANCES FINANCIAL ASSISTANCE
spellingShingle	COVID-19 CRISIS ECONOMICA COOPERACION INTERNACIONAL CRECIMIENTO ECONOMICO POBREZA ASPECTOS ECONOMICOS COMERCIO INTERNACIONAL RELACION DE INTERCAMBIO REMESAS ASISTENCIA FINANCIERA COVID-19 ECONOMIC CRISIS INTERNATIONAL COOPERATION ECONOMIC GROWTH POVERTY ECONOMIC ASPECTS INTERNATIONAL TRADE TERMS OF TRADE REMITTANCES FINANCIAL ASSISTANCE Ocampo, José Antonio The COVID-19 crisis in Latin America in historical perspective
description	This essay compares the COVID-19 crisis in Latin America with two long-lasting crises (the Great Depression and the debt crisis) and two more recent and shorter ones (the 1997 Asian crisis and the 2008–2009 North Atlantic crisis). The analysis indicates that almost all external shocks, whether associated with external financing, the terms of trade, trade volumes or remittances, have been weaker during the current crisis. What has mainly been lacking is international financial cooperation. The severity of the crisis has therefore been due more to domestic factors: the fact that the region was the global epicentre of the pandemic for several months and that the crisis has come on top of five years of poor economic performance and three decades of slow growth. For this reason, the region needs to change its development patterns on top of implementing policies to overcome the crisis.
format	Texto
author	Ocampo, José Antonio
author_facet	Ocampo, José Antonio
author_sort	Ocampo, José Antonio
title	The COVID-19 crisis in Latin America in historical perspective
title_short	The COVID-19 crisis in Latin America in historical perspective
title_full	The COVID-19 crisis in Latin America in historical perspective
title_fullStr	The COVID-19 crisis in Latin America in historical perspective
title_full_unstemmed	The COVID-19 crisis in Latin America in historical perspective
title_sort	covid-19 crisis in latin america in historical perspective
publishDate	2021
url	https://hdl.handle.net/11362/46927
work_keys_str_mv	AT ocampojoseantonio thecovid19crisisinlatinamericainhistoricalperspective AT ocampojoseantonio covid19crisisinlatinamericainhistoricalperspective
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The COVID-19 crisis in Latin America in historical perspective

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