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Shahid Javed Burki - Latin America after Mexico: quickening the pace

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title Latin America After Mexico Quickening the Pace World Bank Latin - photo 1

title:Latin America After Mexico : Quickening the Pace World Bank Latin American and Caribbean Studies
author:Burki, Shahid Javed.; Edwards, Sebastian
publisher:World Bank
isbn10 | asin:0821336290
print isbn13:9780821336298
ebook isbn13:9780585264523
language:English
subjectLatin America--Economic conditions--1982- , Latin America--Economic policy, Mexico--Economic policy--1994- , Mexico--Economic conditions--1994-
publication date:1996
lcc:HC125.B768 1996eb
ddc:338.98
subject:Latin America--Economic conditions--1982- , Latin America--Economic policy, Mexico--Economic policy--1994- , Mexico--Economic conditions--1994-
Page i
Latin America after Mexico
Quickening the Pace
World Bank Latin American and Caribbean Studies
Viewpoints
Shahid Javed Burki
Sebastian Edwards
Latin America after Mexico quickening the pace - image 2
Page ii
Copyright 1996
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 1996
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.
The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
The painting on the cover is Recontre, by Pedro Coronel, reproduced courtesy of Christie's.
Shahid Javed Burki is vice president for the Latin America and Caribbean regional office of the World Bank. Sebastian Edwards was chief economist in that office when this paper was written.
Library of Congress Cataloging-in-Publication Data
Burki, Shahid Javed.
Latin America after Mexico : quickening the pace / Shahid Javed
Burki and Sebastian Edwards.
p. cm. (World Bank Latin American and Caribbean study)
Includes bibliographical references.
ISBN 0-8213-3629-0
1. Latin AmericaEconomic conditions1982 2. MexicoEconomic
conditions1994 3. Latin AmericaEconomic policy. 4. Mexico
Economic policy1994 I. Edwards, Sebastian, 1953
II. Series: World Bank Latin American and Caribbean studies.
HC125.B768 1996
338.98dc20 196-22783
CIP
Page iii
Contents
I. Introduction
1
II. The Mexican Crisis and ShortTerm Contagion Effects
3
Picture 3
A. Why Did the Mexico Crisis Happen?
3
Picture 4
B. Mexico's Policy Response
4
Picture 5
C. Some Lessons
5
Picture 6
D. Contagion Effects
6
III. Challenges
11
Picture 7
A. The Need to Enhance Growth
11
Picture 8
B. Poverty, Inequality and "Second Generation" Reforms
16
IV. Long-term Growth Prospects
22
V. Conclusion
24
Appendix. Recent Evolution of Latin American and Caribbean Economies
26
Tables
Picture 9
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