Addressing the Growing Impact of COVID-19 with a View to Reactivation with Equality

Addressing the Growing Impact of COVID-19 with a View to Reactivation with Equality
Author: Alicia Bárcena
Publisher:
Total Pages: 23
Release: 2020
Genre: COVID-19 Pandemic, 2020-
ISBN: 9789210054690

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This Special Report is the fifth in a series on the evolution and impacts of the COVID-19 pandemic in Latin America and the Caribbean. The key messages are: Economic activity in the world is falling by more than what was foreseen several months ago as a result of the crisis stemming from the coronavirus disease (COVID-19), and this increases negative external effects on Latin America and the Caribbean through trade channels, the terms of trade, tourism and remittances. In addition, the region is currently at the epicenter of the pandemic, and while some governments have begun to lift measures to contain its spread, others have had to keep them in place or even redouble them due to the persistent daily uptick in cases.Since both external and domestic shocks have intensified, the region will experience a -9.1% fall in Gross Domestic Product (GDP) in 2020.It is expected that the regional unemployment rate will be around 13.5% by the end of 2020, which represents an upward revision (2 percentage points) of the estimate presented in April and a 5.4 percentage point increase versus the 2019 figure (8.1%). ECLAC forecasts that the number of people living in poverty will rise by 45.4 million in 2020, which means that the total number of people in that situation will go from 185.5 million in 2019 to 230.9 million people in 2020 - a figure that represents 37.3% of Latin America's population. Countries in the region have announced major packages of fiscal measures to confront the health emergency and mitigate its social and economic effects. National efforts must be supported by international cooperation to expand policy space through increased financing under favorable conditions and debt relief. Likewise, making progress on equality is crucial for effectively controlling the pandemic and for a sustainable economic recovery in Latin America and the Caribbean.

Emerging from the Pandemic Tunnel with Faster Growth and Greater Equity: A Strategy for a New Social Compact in Latin America and the Caribbean

Emerging from the Pandemic Tunnel with Faster Growth and Greater Equity: A Strategy for a New Social Compact in Latin America and the Caribbean
Author: Alejandro Izquierdo
Publisher: Inter-American Development Bank
Total Pages: 61
Release: 2020-07-30
Genre: Political Science
ISBN:

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While the pandemic lasts, Latin America and the Caribbean (LAC) will go through a tunnel full of uncertainty. It is not known especially how long it is: how long until therapies or a vaccine emerge, or until best practices are known to control the pandemic to live with a virus of unknown lethality. This note describes policy options on how countries can expand their possibilities to meet the economic challenges of the crisis, with an emphasis on growth and equity. These options are based on the assumption that the fiscal situation of the region and its access to sovereign credit markets are much more restricted than in previous crises, which forces to think about policy reforms beyond fiscal ones to accelerate the Economic recovery. The options are ambitious, but the ambition meets the need. This document is part of a series of 3 IDB monographs on public policies in the context of COVID-19. The other documents can be consulted at the following links: Public Policy to Tackle COVID-19: Recommendations for Latin America and the Caribbean: https://publications.iadb.org/en/public-policy-to-tackle-covid-19-recommendations-for--latin-america-and-the-caribbean From Lockdown to Reopening: Strategic Considerations for the Resumption of Activities in Latin America and the Caribbean within the framework of Covid-19 https://publications.iadb.org/en/from-lockdown-to-reopening-strategic-considerations-for-the-resumption-of-activities-in-latin-america-and-the-caribbean-within-the-framework-of-covid-19

COVID-19 and Economic Development in Latin America

COVID-19 and Economic Development in Latin America
Author: Monika Meireles
Publisher: Taylor & Francis
Total Pages: 151
Release: 2023-07-06
Genre: Business & Economics
ISBN: 1000907562

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The impact of the COVID-19 pandemic on the global economy, just as with the Great Recession a decade earlier, has served to reinforce the fact that the world is hierarchically organized and the distribution of power between countries is distinctly asymmetric. Gathering multiple viewpoints of Latin American researchers, this book explores the impacts of the pandemic, including unequal access to vaccines and recovery finance, on economies in the region. The book is organised in three substantial sections: the first brings together conceptual work which rethinks the fundamental categories for critical thinking on the challenges for Latin American development in a post-pandemic scenario. In the second part, the chapters focus on studying the Latin American financial reconfiguration that is being driven by the pandemic, particularly through a comparison of the experience of countries of the world economy’s core and periphery. Finally, the third part evaluates the concrete experiences of different Latin American countries in this very specific historical moment, emphatically analyzing the economic policy responses that the governments are adopting to deal with the current sanitary emergency and its economic and social effects. From this, the book suggests keystone elements for the relaunch of development strategies in the region as it recovers from the pandemic. This book will be of particular interest to readers of critical or heterodox perspectives on the economics of the pandemic, Latin American development and emerging economies.

Sectors and Businesses Facing COVID-19

Sectors and Businesses Facing COVID-19
Author: Alicia Bárcena
Publisher:
Total Pages: 22
Release: 2020
Genre: COVID-19 Pandemic, 2020-
ISBN: 9789210054683

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This Special Report is the fourth in a series by the Economic Commission for Latin America and the Caribbean (ECLAC) on the evolution and impacts of the COVID-19 pandemic in Latin America and the Caribbean. The economic crisis generated by coronavirus disease (COVID-19) is having a major impact on the countries of Latin America and the Caribbean and is hitting a productive and business structure with weaknesses that have been building up for decades. Before the pandemic, the region's production structure already showed great structural heterogeneity that seriously limited its economic development possibilities. The pandemic makes these weaknesses more evident and amplifies economic, social and environmental tensions. In the arena of production, it is urgent to mitigate capacity destruction, without neglecting the need for a sustained increase in productivity, the generation of productive linkages and increased learning and the generation and dissemination of innovations. In this context, manufacturing is of strategic importance and must play a leading role in the growth process and in changing the productive matrix. This requires policies to change the production structure. In other words, incentives other than those that currently prevail for private companies, together with the State, to make the necessary investments to diversify the economic structure, ensure a continuous and stable growth process and avoid social and environmental setbacks.

Measuring the Impact of COVID-19 with a View to Reactivation

Measuring the Impact of COVID-19 with a View to Reactivation
Author: Alicia Bárcena
Publisher:
Total Pages: 20
Release: 2020
Genre: COVID-19 Pandemic, 2020-
ISBN: 9789210054669

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The aim of this second Special Report is to quantify the economic impact of the pandemic in the short and medium term. With regard the short term --during the course of 2020-- estimates shed light on the dynamics of production, employment, poverty and income distribution, based on data available at 17 April 2020, for all the subregions of Latin America and the Caribbean and many of their economies. The report also provides details of the main macroeconomic policy measures to tackle the effects of the pandemic that have been announced to date. Quantifying the decline in economic activity enables authorities to determine the magnitude of the effort required for a return to normal. However, this return to normal will not and should not mean going back to the way things were before the pandemic. The medium-term vision that concludes this report describes the structural changes in the organization of production that are already under way and are expected to gather pace. There will also be impacts --in some cases irreversible-- on the labour structure, employment and well-being. Quantitative estimates for the short term, combined with forecasts of the main qualitative changes in the medium term, will shape what will becomea new normal.

Central America

Central America
Author: George Irvin
Publisher: Routledge
Total Pages: 186
Release: 2019-04-09
Genre: Political Science
ISBN: 0429713606

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This book addresses selected aspects of reconstructing Central American's industrial and trading system. Special attention is given to the role of the European Community in regional reconstruction and integration and analyzes the economic legacy of the 1980s and the impact of adjustment policy. .

The Economies of Central America

The Economies of Central America
Author: John Weeks
Publisher: Holmes & Meier Publishers
Total Pages: 232
Release: 1985
Genre: Business & Economics
ISBN:

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