[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
IDEAS home Printed from https://ideas.repec.org/a/taf/jhudca/v24y2023i4p569-591.html
   My bibliography  Save this article

Rethinking Development in Latin America

Author

Listed:
  • José Antonio Ocampo
  • Daniel Titelman
Abstract
Latin American countries face a crossroad that demands profound change in their development paradigm. In the last four decades economic growth, investment, and productivity have shown poor performance. This has made it impossible to break with the productive heterogeneity that characterises the region and its dependence on low value-added productive sectors and commodity-dependent export structures. Although there has been a positive advance in human development, high levels of inequality, poverty, social exclusion, and high labour market informality have been persistent in the countries of the region. Added to these structural problems is the need to face climate change, that has important distributive and social effects and requires a significant amount of investment in adaption and mitigation a will require a change in the development paradigm. A fiscal sustainability framework will be essential to ensure the viability of the public spending required to promote structural change. The framework should prioritise domestic resource mobilisation, through public revenues, which have historically been insufficient to meet the demands for public spending.

Suggested Citation

  • José Antonio Ocampo & Daniel Titelman, 2023. "Rethinking Development in Latin America," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 24(4), pages 569-591, October.
    • Handle: RePEc:taf:jhudca:v:24:y:2023:i:4:p:569-591
    DOI: 10.1080/19452829.2023.2264005
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/19452829.2023.2264005
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/19452829.2023.2264005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jhudca:v:24:y:2023:i:4:p:569-591. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CJHD20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.