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Latin American Economic Outlook 2010

image of Latin American Economic Outlook 2010
Contrary to prevailing wisdom, Latin American countries that opened their markets to international competition during the last decade have not been more vulnerable to the global economic downturn. The OECD Latin American Economic Outlook 2010 provides a fresh analysis of economic trends in the region with a particular focus on the role that international migration and remittances play in shaping the current context.

“Among the most interesting surprises by the global economic crisis: so far its impact on Latin America has been less than anticipated. This OECD report offers a clear analysis of the factors that explain this phenomenon.” Moisés Naim, Editor in Chief, Foreign Policy

“This essential study shows that countries open to the international economy with serious fiscal and monetary policies were better prepared to confront this crisis. The reprot also explains, with realistic analysis, why why migration policies belong on the international agenda.” Ricardo Lagos,former President of Chile

“This volume suggests that migration can help the development process provided that some interventions are adopted both in the sender and recipient countries.” Mauricio Cárdenas, Senior Fellow and Director of the Latin America Initiative, Brookings Institution

“Policy makers, academics and others interested in Latin American will find here a serious and relevant contribution to advancing their own work.” Santiago Levy,Vice President for Sectors and Knowledge, Inter-American Development Bank

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Flows of People, Money and Ideas

OECD Development Centre

The task that this year’s Latin American Economic Outlook has set itself is to make clear the opportunities and risks presented by international migration – in both directions – to the societies of Latin America and the Caribbean. Doing so will identify what is at stake when setting policy for the governance of mobility of people. It will back this up with a review of policy tools and what has been learned from their use. It takes on this topic at a time when migrants increasingly find themselves at the centre of heated global policy debates. The long boom in the world economy has created ideal conditions for migration with labour shortages on the one hand and the promise of a share in new wealth on the other encouraging many to move. Sometimes these flows have been highly visible, sometimes less so. But they now amount to many millions since the world economy last paused.

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