Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail pubdistributors@worldbank.org.
The Economic Survey of Latin America and the Caribbean 2014 looks at how economic growth in the region has been slowing since 2011, and the data available for the first six months of 2014 indicate that the region will not match the growth rate of 2.5% recorded in 2013. Growth has been muted over the first few months of the year, owing to stagnant gross fixed capital formation and faltering private consumption. Government consumption, on the other hand, has picked up, and the net contribution of exports has been more positive than during the same period of the previous year. A regional growth rate of 2.2% is forecast for 2014.
This annual publication examines the economic performance of the Latin American and Caribbean region as a whole, and of individual countries, for the year 2005 as well as assessing the outlook for 2006. The regional economy grew for a third consecutive year in 2005 with an estimated GDP growth of 4.3 per cent, with a projected GDP growth rate in 2006 of 4.1 per cent. Per capita GDP is estimated to have risen by about 3 per cent, the unemployment rate fell from 10.3 per cent in 2004 to 9.3 per cent in 2005 and poverty indices showed a decrease. But the region is growing at lower rates than developing countries as a whole (5.7 per cent GDP growth in the period 2003-2006). Latin American and Caribbean sub-regions show distinctive behaviours: the Southern Cone (Argentina, Chile, Uruguay) and the Andean Community countries and, to a certain extent the Caribbean, registered higher growth than Mexico and Central America.
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