Natural Resources in Latin America and the Caribbean : Beyond Booms and Busts?

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dc.creatorSinnott, Emily
dc.creatorNash, John
dc.creatorde la Torre, Augusto
dc.date2012-03-19T09:34:38Z
dc.date2012-03-19T09:34:38Z
dc.date2011
dc.date.accessioned2026-07-01T00:45:26Z
dc.descriptionThroughout, the history of the Latin America and Caribbean (LAC) region, natural resource wealth has been critical for its economies. Production of precious metals, sugar, rubber, grains, coffee, copper, and oil have at various periods of history made countries in Latin America-and their colonial powers-some of the most prosperous in the world. In some ways, these commodities may have changed the course of history in the world at large. Latin America produced around 80 percent of the world's silver in the 16th through 19th centuries, fueling the monetary systems of not only Europe, but China and India as well. The dramatic movements in commodity markets since the early 2000s, as well as the recent economic crisis, provide new data to analyze and also underscore the importance of a better understanding of issues related to boom-bust commodity cycles. The current pattern of global recovery has favored LAC so far. Countercyclical policies have supported domestic demand in the larger LAC economies, and external demand from fast-growing emerging markets has boosted exports and terms of trade for LAC's net commodity exporters. Prospects for LAC in the short term look good. Beyond the cyclical rebound, however, the region's major longer-run challenge going forward will be to craft a bold productivity agenda. With LAC coming out of this crisis relatively well positioned, this may well be possible, especially considering that the region's improved macro-financial resiliency gives greater assurance that future gains from growth will not be wiped out by financial crises. In addition, LAC has been making significant strides in the equity agenda and this could help mobilize consensus in favor of a long overdue growth-oriented reform agenda. But it remains to be seen whether the region will be able to seize the opportunity to boost long-run growth, especially considering the large gaps that LAC would need to close in such key areas as saving, human capital accumulation, physical infrastructure, and the ability to adopt and adapt new technologies.
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dc.formattext/plain
dc.formatapplication/pdf
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100706062829
dc.identifier978-0-8213-8482-4
dc.identifierhttps://hdl.handle.net/10986/2482
dc.identifierhttps://doi.org/10.1596/978-0-8213-8482-4
dc.identifier.urihttp://hdl.handle.net/123456789/410499
dc.languageEnglish
dc.publisherWorld Bank
dc.relationWorld Bank Latin American and Caribbean Studies
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectADVANCED ECONOMIES
dc.subjectADVERSE EFFECTS
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL COMMODITY
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectBENCHMARKING
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS ENVIRONMENTS
dc.subjectCAPITAL ACCOUNTS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STOCK
dc.subjectCARBON
dc.subjectCASH FLOWS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY BOOM
dc.subjectCOMMODITY BOOMS
dc.subjectCOMMODITY EXPORT
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMMODITY IMPORTS
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICE INDEX
dc.subjectCOMMODITY PRICE INDEXES
dc.subjectCOMMODITY PRICE INDICES
dc.subjectCOMMODITY PRICES
dc.subjectCOMMODITY PRODUCERS
dc.subjectCOMMODITY PRODUCTION
dc.subjectCOMMODITY SECTORS
dc.subjectCOMMODITY TRADE
dc.subjectCOMMON PROPERTY
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONCENTRATION INDEXES
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMERS
dc.subjectCOPYRIGHT
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCPI
dc.subjectDEPOSITS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDIRECT CONNECTIONS
dc.subjectE-MAIL
dc.subjectECONOMETRIC ANALYSES
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFECTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC RENTS
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC SIZE
dc.subjectECONOMIC STRUCTURES
dc.subjectECONOMIC WELFARE
dc.subjectECONOMICS
dc.subjectECONOMICS LITERATURE
dc.subjectECONOMISTS
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL INVESTIGATIONS
dc.subjectEMPIRICAL STUDIES
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTS
dc.subjectEQUILIBRIUM
dc.subjectEXCHANGE RATE
dc.subjectEXPLOITATION
dc.subjectEXPORT PROCESSING ZONES
dc.subjectEXTERNAL COSTS
dc.subjectFACTORS OF PRODUCTION
dc.subjectFEDERAL RESERVE
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL RISK
dc.subjectFISH
dc.subjectFISHERIES
dc.subjectFIXED COSTS
dc.subjectFORECASTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN TRADE
dc.subjectFORESTRY
dc.subjectFUTURE PRICE
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGEOGRAPHICAL AREA
dc.subjectGLOBAL EXPORTS
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT REVENUES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH PATH
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectGROWTH STRATEGIES
dc.subjectHISTORY OF ECONOMIC THOUGHT
dc.subjectHUMAN CAPITAL
dc.subjectID
dc.subjectIMAGE
dc.subjectINCENTIVE STRUCTURE
dc.subjectINCOMES
dc.subjectINDUSTRIAL REVOLUTION
dc.subjectINDUSTRIALIZATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRARED
dc.subjectINNOVATION POLICIES
dc.subjectINSPECTION
dc.subjectINSTITUTION
dc.subjectINSTITUTIONAL ENVIRONMENT
dc.subjectINTEGRATED PROGRAM FOR COMMODITIES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL FLOWS
dc.subjectINTERNATIONAL TRADE
dc.subjectLEGAL ENVIRONMENT
dc.subjectLICENSES
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANUFACTURING
dc.subjectMARGINAL COST
dc.subjectMARGINAL COST OF PRODUCTION
dc.subjectMARKET SHARE
dc.subjectMATERIAL
dc.subjectMETALS
dc.subjectMINES
dc.subjectMONETARY POLICY
dc.subjectNATIONAL INCOME
dc.subjectNATURAL CAPITAL
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCE ECONOMICS
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNEW TECHNOLOGIES
dc.subjectNONTRADABLE
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectOPEC
dc.subjectOUTPUT
dc.subjectPERVERSE SUBSIDIES
dc.subjectPHOTO
dc.subjectPHYSICAL INFRASTRUCTURE
dc.subjectPOLICY MAKERS
dc.subjectPORTFOLIO
dc.subjectPRICE CONTROLS
dc.subjectPRICE FLUCTUATIONS
dc.subjectPRICE INDEXES
dc.subjectPRICE INSTABILITY
dc.subjectPRICE MOVEMENTS
dc.subjectPRICE RISK
dc.subjectPRICE SERIES
dc.subjectPRICE VOLATILITY
dc.subjectPRICED
dc.subjectPRIMARY COMMODITIES
dc.subjectPRIMARY COMMODITY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATIZATION
dc.subjectPRODUCERS
dc.subjectPRODUCT CATEGORIES
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTION STRUCTURE
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROVEN RESERVES
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC POLICY
dc.subjectQUERIES
dc.subjectRANDOM WALK
dc.subjectRENT SEEKING
dc.subjectRESOURCE MANAGEMENT
dc.subjectRESOURCE OWNERSHIP
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRISK AVERSE
dc.subjectRISK AVERSION
dc.subjectRISK MANAGEMENT
dc.subjectSAVINGS
dc.subjectSKILLED WORKER
dc.subjectSKILLED WORKERS
dc.subjectSMALL ECONOMY
dc.subjectSUNK COSTS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX
dc.subjectTAX RATES
dc.subjectTECHNOLOGICAL ADVANCES
dc.subjectTECHNOLOGICAL INNOVATION
dc.subjectTECHNOLOGICAL INNOVATIONS
dc.subjectTELEPHONE
dc.subjectTERMS OF TRADE
dc.subjectTIMBER
dc.subjectTIME PERIODS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRAGEDY OF THE COMMONS
dc.subjectTRANSPARENCY
dc.subjectTRANSPARENCY INITIATIVE
dc.subjectTRUSTS
dc.subjectUSES
dc.subjectVALUE CHAIN
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD MARKETS
dc.titleNatural Resources in Latin America and the Caribbean : Beyond Booms and Busts?
dc.titleLos recursos naturales en America Latina y el Caribe : mas alla de bonanzas y crisis?

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