WPS 10227 - Latin America’s Growth: Looking through the Demand Glass(v1)

World Bank·January 10, 2025

Description

This paper revisits the historical roots of Latin America’s disappointing growth using a novel macro and trade-based growth decomposition and a simple model of industrialization in a commodities-exporting country with a large informal sector. 


This paper is a product of the Office of the Chief Economist for Latin America and the Caribbean. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://www.worldbank.org/prwp. The author(s) may be contacted at adelatorre@worldbank.org.  

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World Bank
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CreatedNovember 16, 2022
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WPS 10227 - Latin America’s Growth: Looking through the Demand Glass(v1)

World Bank·January 10, 2025

Description

This paper revisits the historical roots of Latin America’s disappointing growth using a novel macro and trade-based growth decomposition and a simple model of industrialization in a commodities-exporting country with a large informal sector. 


This paper is a product of the Office of the Chief Economist for Latin America and the Caribbean. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://www.worldbank.org/prwp. The author(s) may be contacted at adelatorre@worldbank.org.  

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