Latin American Economic Outlook 2019

Development in Transition

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Latin America and the Caribbean has seen a remarkable socio-economic progress since the beginning of the century. Countries strengthened their macroeconomic situations, living standards improved, and poverty and inequality declined. Yet, large structural vulnerabilities remain and new ones have emerged. Many of these are linked to countries’ transition to higher income and development levels. The Latin American Economic Outlook 2019: Development in Transition (LEO 2019) presents a fresh analytical approach to the region’s development trajectories. It assesses four development traps relating to productivity, social vulnerability, institutions and the environment. It outlines local opportunities for responding to these traps and seeks ways of improving the interactions and interlinkages between global public goods and national development agendas, all in the context of the United Nations 2030 Agenda. LEO 2019 calls for improving domestic capacities and adopting a new vision of international co-operation as a facilitator to support efforts to achieve sustainable development for all throughout the region.

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Mexico has made progress in several development indicators over the last decade, including education, health and employment; yet challenges remain to sustain them, while improving other indicators such as confidence in institutions and security policies. Mexico ranks above the Latin America and the Caribbean (LAC) average in net secondary enrolment rate (77.2% vs. 74.4% in LAC), life expectancy at birth (77.1 years vs. 75.6 years in LAC), maternal mortality ratio (38 per 100 000 live births vs. 74.4 in LAC) and infant mortality rate (11.5 per 1 000 live births vs. 14.7 in LAC).

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