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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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Statistical Annex

OECD Development Centre

In the preparation of the country notes, special attention was paid to data collection on migrant stocks. This has required processing of national census micro-data for a significant number of Latin American and Caribbean countries that are not members of the OECD. The model is the OECD DIOC database, a fundamental reference for OECD member countries backed by a consistent methodology. Extending the OECD DIOC methodology to Latin American and Caribbean countries will permit more transparent comparison of migrant stocks among Latin American economies, and between OECD and Latin American economies. Data on stocks of migrants in Latin American and Caribbean countries in this Outlook are taken from this new database. Those for OECD countries are from DIOC.

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