Latin American Economic Outlook 2010

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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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Managing Latin American Migration

A Case for Public Action?

OECD Development Centre

This Outlook appears at a time of change for international migration, and migration from Latin America and the Caribbean in particular. The European Union has in recent years been taking its first steps toward a European immigration policy; the 2008 Return Directive for irregular migrants discussed in Chapter 1 is one facet of this emerging policy structure1. At the same time, individual EU member states have pursued aggressive, and sometimes controversial reforms, including the Spanish assisted-return programme for legal migrants assessed in Chapter 3. France has established quantitative targets for the share of economic immigrants among all immigrants, and for expulsions of irregular migrants (some 30 000 a year). The Obama administration in the United States announced in April 2009 that immigration reform, stalled since 2007, would be a policy priority for the new president’s first year in office – despite competition from health care and energy reform and the need for measures to combat the economic crisis. As part of this, the administration signalled a commitment to make legal status possible for the unauthorised population (about which statistics were provided in Chapter 2).

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