Managing Abundance to Avoid A Bust in Latin America

• 机 构: International Monetary Fund,
• 出 处: China's Foreign Trade
• 发表日期: 2011年13期
• 关键词: challenging likely sustained permanent representing aligned prices exceptional f

Latin American (LA) economies today are at a challenging juncture as key global conditions have aligned in very exceptional ways, representing a double tailwind for many countries of the region. These countries must figure out how to best respond to a sustained period of unusually easy foreign financing conditions and large capital inflows. At the same time, they face high world prices for their commodity exports, another source of abundance that is likely to be persistent but not permanent. Such conditions are, of course, in many ways

Latin American (LA) economies today are at a challenging juncture as key global conditions have aligned in very exceptional ways, representing a double tailwind for many countries of the region. These countries must figure out how to best respond to a sustained period of unusually easy At the same time, they face high world prices for their commodity exports, another source of abundance that is likely to be persistent but not permanent. Such conditions are, of course, in many ways