The Covid-19 crisis and the structural problems of Latin America and the Caribbean
Responding to the emergency with a long-term perspective
Bibliographic Data
| ID | 16830008 |
|---|---|
| Authors | Marc Abélès (0000-0002-3809-7907), Martín Abeles, Esteban Pérez Caldentey (0000-0002-6365-6301), Gabriel Porcile (0000-0003-2789-7017) |
| Year | 2021 |
| Volume | 2020 |
| Issue | 132 |
| Pages | 143-170 |
| Publication date | 2021-08-27 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | CEPAL review (JOURNAL) |
| Journal identifiers | ISSN: 0251-2920 • E-ISSN: 1684-0348 |
| Publisher | United Nations Publications (PUBLISHER • US) |
| DOI | 10.18356/16840348-2020-132-8 |
| OpenAlex | W3167930211 |
| Language | EN |
| Citations received | 3 |
| References cited | 4 |
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
Aggregate demand · Austerity · Business · Crisis management · Development economics · Economics · Economy · Latin Americans · Macroeconomics · Monetary policy · Pandemic · Political science · Business, Innovation, and Economy · COVID-19 Pandemic Impacts
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,6 |
| Citation span | 2021 - 2025 (5) |
| Citation velocity | recent |
| Highly cited | No |