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Economic Survey of Latin America and the Caribbean 2010-2011

International Integration and Macroeconomic Policy Challenges Amid Global Economic Turmoil

image of Economic Survey of Latin America and the Caribbean 2010-2011

This publication is issued annually by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC). This sixty-third edition of the Economic Survey looks at the nature of the recovery from the financial global and economic crisis whose fallout spread across the region in the second half of 2008 and in 2009. It also delves into the challenges posed by highly liquid conditions in international financial markets combined with high prices for the region’s key commodities. Finally, it analyzes the situation in the countries of Latin America and the Caribbean during 2010 into the first part of 2011.

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Fiscal policy challenges in a context of high, fluctuating commodity prices

International commodity price patterns pose several macroeconomic policy design challenges, especially for fiscal policy in Latin America and the Caribbean. But not all countries in the region are affected in the same way since their position as net commodity exporters or importers is key to determining the type of problems faced by each country and the strategies for addressing them.

English

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