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David M. De Ferranti - Securing our future in a global economy

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title Securing the Future in a Global Economy World Bank Latin American - photo 1

title:Securing the Future in a Global Economy World Bank Latin American and Caribbean Studies. Viewpoints
author:De Ferranti, David M.; Perry, Guillermo.
publisher:World Bank
isbn10 | asin:0821347306
print isbn13:9780821347300
ebook isbn13:9780585343570
language:English
subjectLatin America--Economic conditions--1982- , Economic security--Latin America, Latin America--Economic policy.
publication date:2000
lcc:HC125.D3712 2000eb
ddc:330.98
subject:Latin America--Economic conditions--1982- , Economic security--Latin America, Latin America--Economic policy.
Page i
Securing Our Future in a Global Economy
World Bank Latin American and Caribbean Studies
Viewpoints
by
David de Ferranti
Guillermo E. Perry
Indermit S. Gill
Luis Servn
with
Francisco H.G. Ferreira
Nadeem Ilahi
William F. Maloney
Martin Rama
Page ii Copyright 2000 The International Bank for Reconstruction and - photo 2
Page ii
Copyright 2000
The International Bank for Reconstruction
and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing June 2000
The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
David de Ferranti is vice president and Guillermo E. Perry is chief economist in the World Bank's Latin America and the Caribbean Regional Office. Indermit S. Gill is lead economist and Luis Servn is lead specialist in the World Bank's Latin America and the Caribbean Regional Office. Francisco Ferreira is professor of economics at the Pontifical Catholic University-Rio de Janeiro, Brazil. Nadeem Ilahi is an economist with the International Monetary Fund. William F. Maloney is senior economist in the World Bank's Latin America and the Caribbean Regional Office, and Martin Rama is senior economist in the World Bank's Development Research Group.
Cover design by Janelle Welch/The Magazine Group
Cover photography: Globe: NASA Goddard Space Flight Center; inset photos, clockwise from top: Catherine de Torquat/Sygma; Bill Pogue/Stone; Robert Frerck/Stone; Margo Pinkerton/Liaison Agency.
de Ferranti, David.
Securing our future in a global economy
Guillermo E. Perry.
p. cm. (World Bank Latin American and Caribbean Studies.
Includes bibliographical references.
ISBN 0-8213-4730-6
Library of Congress pending
Page iii
Contents
Acknowledgments
ix
Acronyms and Abbreviations
xi
Chapter 1: Opportunity and Risk in a Globalized Latin America and the Caribbean
1
Picture 3
Latin America and the Caribbean's Performance Improved in the 1990s
1
Picture 4
Opportunities and Risks
1
Picture 5
Why Economic Insecurity?
3
Picture 6
This Report
6
Picture 7
LAC's Volatility Is HighBut Has Not Risen in the 1990s
6
Picture 8
Dealing with Economic Insecurity Requires a Comprehensive Insurance Approach
7
Picture 9
LAC's Volatility Arises from Multiple SourcesDomestic and Foreign
7
Picture 10
Governments Can Do Much to Reduce VolatilityEven in a Globalized Economy
7
Picture 11
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