Читать книгу Economics of G20 - Группа авторов - Страница 29

Manmohan Agarwal

Centre for Development Studies Thiruvananthapuram, India manmohan44@gmail.com

Amrita Brahmo

Research and Information Systems for Developing Countries, New Delhi, India amrita.brahmo@gmail.com

Abstract

This chapter examines the performance of countries in Latin America over the past half a century against the backdrop of the behaviour of the world economy and particularly that of developing countries. It studies whether the region is catching up with the high-income countries. It also examines whether there is convergence among Latin American countries. One of features of the performance of the countries in the region is the increasing share of exports in GDP. The chapter studies what this has implied for the relationship of growth in Latin America with that in the other regions or countries. It finally tries to analyse the implications of the current situation in Latin America for the achievement of sustained stable and balanced growth of the world economy, a major objective of the G20.