Economic Survey of Latin America and the Caribbean 2008-2009
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Economic Survey of Latin America and the Caribbean 2008-2009

Policies for Creating Quality Jobs

This publication comes at a critical point in the economic development of the Latin American and Caribbean region. A growth phase that the region's recent history cannot equal in nature and duration has come to an end and output is contracting. The first part of this edition looks at the channels through which the crisis is affecting the economies of the region and its impact on variables such as economic growth, employment and external-sector indicators. It also discusses the strengths and weaknesses of the countries and concludes with a discussion of the outlook for the second half of the year. The second part discusses policies for creating quality jobs, including challenges and opportunities for labor institutions and labor markets, labor-market policies for youth and women. This CD-ROM also contains the electronic versions of the printed publication. The statistical information reflects data available up to 30 June 2009.

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Author(s):
ECLAC

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In 2008, the Chilean economy expanded at an annual rate of 3.2%, compared with 4.7% in 2007, as unemployment rose and annual inflation surged, driven by large increases in international prices, particularly for food and fuels, in the first three quarters of the year. Later, the outbreak of the global crisis that originated in the United States in September that year wrought great changes in external conditions that drastically curbed domestic and external demand in the last quarter of 2008 and the first quarter of 2009.