On the “Latin American Decade”
This chapter analyzes Latin American performance in 2003–2013, to evaluate two ideas: whether the first decade of the 2000s constituted “Golden Years” and whether the 2010s were likely to be a “Latin American Decade.” We compare the region’s 2003–2013 performance with that in the 1980s and 1990s, evaluate how it performed in the sub-periods 2003–2007 and 2008–2013, and compare the region’s 2003–2013 indicators with those of other developing regions during the same period. The chapter concludes that the period 2003–2013 was a golden decade only when compared with the region’s own performance during the previous two decades but not when compared to other developing regions. Furthermore, the “Golden Years” were 2003–2007, half a decade. Therefore, it is concluded that there is no indication of a “Latin American Decade” in the past or in the forthcoming periods.
KeywordsLatin America Economic performance Developing regions
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