The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective

The economies of Latin America and the Caribbean have been slipping behind in the global economy, weighed down by structural problems that hinder their capacity to grow and absorb technology. The coronavirus disease (COVID-19) pandemic has not only brought these structural problems into sharper reli...

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Autores principales:	Abeles, Martín, Pérez Caldentey, Esteban, Porcile, Gabriel
Formato:	Texto
Lenguaje:	English
Publicado:	2021
Materias:	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CRISIS ECONOMICA CRECIMIENTO ECONOMICO EMPLEO DISTRIBUCION DEL INGRESO INVERSIONES POLITICA MONETARIA POLITICA FISCAL VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC CRISIS ECONOMIC GROWTH EMPLOYMENT INCOME DISTRIBUTION INVESTMENTS MONETARY POLICY FISCAL POLICY
Acceso en línea:	https://hdl.handle.net/11362/46932
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id	oai-11362-46932
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spelling	oai-11362-469322021-06-15T20:50:08Z The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective Abeles, Martín Pérez Caldentey, Esteban Porcile, Gabriel COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CRISIS ECONOMICA CRECIMIENTO ECONOMICO EMPLEO DISTRIBUCION DEL INGRESO INVERSIONES POLITICA MONETARIA POLITICA FISCAL COVID-19 VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC CRISIS ECONOMIC GROWTH EMPLOYMENT INCOME DISTRIBUTION INVESTMENTS MONETARY POLICY FISCAL POLICY The economies of Latin America and the Caribbean have been slipping behind in the global economy, weighed down by structural problems that hinder their capacity to grow and absorb technology. The coronavirus disease (COVID-19) pandemic has not only brought these structural problems into sharper relief, but has also exacerbated them, by reinforcing adverse trends in growth, employment and income distribution. This article analyses these trends and argues that the crisis requires a response that is both immediate but also aims to overcome long-term constraints. Very robust fiscal policies are needed to sustain aggregate demand; and such policies need a substantial investment component aimed at building technological capacities, increasing diversification and strengthening linkages in the production matrix. 2021-05-31T21:18:29Z 2021-05-31T21:18:29Z 2020-12-31 Texto Sección o Parte de un Documento https://hdl.handle.net/11362/46932 LC/PUB.2021/4-P 9 en CEPAL Review - Special issue CEPAL Review 132 .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN
institution	Cepal
collection	Cepal
language	English
topic	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CRISIS ECONOMICA CRECIMIENTO ECONOMICO EMPLEO DISTRIBUCION DEL INGRESO INVERSIONES POLITICA MONETARIA POLITICA FISCAL COVID-19 VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC CRISIS ECONOMIC GROWTH EMPLOYMENT INCOME DISTRIBUTION INVESTMENTS MONETARY POLICY FISCAL POLICY
spellingShingle	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CRISIS ECONOMICA CRECIMIENTO ECONOMICO EMPLEO DISTRIBUCION DEL INGRESO INVERSIONES POLITICA MONETARIA POLITICA FISCAL COVID-19 VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC CRISIS ECONOMIC GROWTH EMPLOYMENT INCOME DISTRIBUTION INVESTMENTS MONETARY POLICY FISCAL POLICY Abeles, Martín Pérez Caldentey, Esteban Porcile, Gabriel The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective
description	The economies of Latin America and the Caribbean have been slipping behind in the global economy, weighed down by structural problems that hinder their capacity to grow and absorb technology. The coronavirus disease (COVID-19) pandemic has not only brought these structural problems into sharper relief, but has also exacerbated them, by reinforcing adverse trends in growth, employment and income distribution. This article analyses these trends and argues that the crisis requires a response that is both immediate but also aims to overcome long-term constraints. Very robust fiscal policies are needed to sustain aggregate demand; and such policies need a substantial investment component aimed at building technological capacities, increasing diversification and strengthening linkages in the production matrix.
format	Texto
author	Abeles, Martín Pérez Caldentey, Esteban Porcile, Gabriel
author_facet	Abeles, Martín Pérez Caldentey, Esteban Porcile, Gabriel
author_sort	Abeles, Martín
title	The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective
title_short	The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective
title_full	The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective
title_fullStr	The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective
title_full_unstemmed	The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective
title_sort	covid-19 crisis and the structural problems of latin america and the caribbean: responding to the emergency with a long-term perspective
publishDate	2021
url	https://hdl.handle.net/11362/46932
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The COVID-19 crisis and the structural problems of Latin America and the Caribbean: responding to the emergency with a long-term perspective

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