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

Sinnott, Emily; Nash, John; de la Torre, Augusto

dc.creator	Sinnott, Emily
dc.creator	Nash, John
dc.creator	de la Torre, Augusto
dc.date	2012-03-19T09:34:38Z
dc.date	2012-03-19T09:34:38Z
dc.date	2011
dc.date.accessioned	2023-02-17T20:37:15Z
dc.date.available	2023-02-17T20:37:15Z
dc.identifier	http://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.identifier	978-0-8213-8482-4
dc.identifier	http://hdl.handle.net/10986/2482
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242911
dc.description	Throughout, 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.
dc.language	English
dc.publisher	World Bank
dc.relation	World Bank Latin American and Caribbean Studies
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ADVANCED ECONOMIES
dc.subject	ADVERSE EFFECTS
dc.subject	AGRICULTURAL COMMODITIES
dc.subject	AGRICULTURAL COMMODITY
dc.subject	AGRICULTURAL PRODUCTION
dc.subject	AGRICULTURE
dc.subject	BENCHMARKING
dc.subject	BUSINESS ENVIRONMENT
dc.subject	BUSINESS ENVIRONMENTS
dc.subject	CAPITAL ACCOUNTS
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL MARKETS
dc.subject	CAPITAL STOCK
dc.subject	CARBON
dc.subject	CASH FLOWS
dc.subject	COMMODITIES
dc.subject	COMMODITY
dc.subject	COMMODITY BOOM
dc.subject	COMMODITY BOOMS
dc.subject	COMMODITY EXPORT
dc.subject	COMMODITY EXPORTS
dc.subject	COMMODITY IMPORTS
dc.subject	COMMODITY MARKETS
dc.subject	COMMODITY PRICE
dc.subject	COMMODITY PRICE INDEX
dc.subject	COMMODITY PRICE INDEXES
dc.subject	COMMODITY PRICE INDICES
dc.subject	COMMODITY PRICES
dc.subject	COMMODITY PRODUCERS
dc.subject	COMMODITY PRODUCTION
dc.subject	COMMODITY SECTORS
dc.subject	COMMODITY TRADE
dc.subject	COMMON PROPERTY
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPETITIVENESS
dc.subject	CONCENTRATION INDEXES
dc.subject	CONSUMER PRICE INDEX
dc.subject	CONSUMERS
dc.subject	COPYRIGHT
dc.subject	COPYRIGHT CLEARANCE
dc.subject	COPYRIGHT CLEARANCE CENTER
dc.subject	CPI
dc.subject	DEPOSITS
dc.subject	DEVELOPED COUNTRIES
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING ECONOMIES
dc.subject	DIRECT CONNECTIONS
dc.subject	E-MAIL
dc.subject	ECONOMETRIC ANALYSES
dc.subject	ECONOMETRIC ANALYSIS
dc.subject	ECONOMIC ACTIVITIES
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC CRISIS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC EFFECTS
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC HISTORY
dc.subject	ECONOMIC RENTS
dc.subject	ECONOMIC RESEARCH
dc.subject	ECONOMIC SIZE
dc.subject	ECONOMIC STRUCTURES
dc.subject	ECONOMIC WELFARE
dc.subject	ECONOMICS
dc.subject	ECONOMICS LITERATURE
dc.subject	ECONOMISTS
dc.subject	ELASTICITY
dc.subject	ELECTRICITY
dc.subject	EMERGING ECONOMIES
dc.subject	EMERGING MARKETS
dc.subject	EMPIRICAL EVIDENCE
dc.subject	EMPIRICAL INVESTIGATIONS
dc.subject	EMPIRICAL STUDIES
dc.subject	ENVIRONMENTAL
dc.subject	ENVIRONMENTS
dc.subject	EQUILIBRIUM
dc.subject	EXCHANGE RATE
dc.subject	EXPLOITATION
dc.subject	EXPORT PROCESSING ZONES
dc.subject	EXTERNAL COSTS
dc.subject	FACTORS OF PRODUCTION
dc.subject	FEDERAL RESERVE
dc.subject	FINANCIAL ASSETS
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL RISK
dc.subject	FISH
dc.subject	FISHERIES
dc.subject	FIXED COSTS
dc.subject	FORECASTS
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN INVESTORS
dc.subject	FOREIGN TRADE
dc.subject	FORESTRY
dc.subject	FUTURE PRICE
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GEOGRAPHICAL AREA
dc.subject	GLOBAL EXPORTS
dc.subject	GLOBAL MARKETS
dc.subject	GOVERNMENT EXPENDITURES
dc.subject	GOVERNMENT OWNERSHIP
dc.subject	GOVERNMENT REVENUES
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROWTH PATH
dc.subject	GROWTH POTENTIAL
dc.subject	GROWTH RATE
dc.subject	GROWTH STRATEGIES
dc.subject	HISTORY OF ECONOMIC THOUGHT
dc.subject	HUMAN CAPITAL
dc.subject	ID
dc.subject	IMAGE
dc.subject	INCENTIVE STRUCTURE
dc.subject	INCOMES
dc.subject	INDUSTRIAL REVOLUTION
dc.subject	INDUSTRIALIZATION
dc.subject	INFORMATION TECHNOLOGY
dc.subject	INFRARED
dc.subject	INNOVATION POLICIES
dc.subject	INSPECTION
dc.subject	INSTITUTION
dc.subject	INSTITUTIONAL ENVIRONMENT
dc.subject	INTEGRATED PROGRAM FOR COMMODITIES
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL CAPITAL FLOWS
dc.subject	INTERNATIONAL TRADE
dc.subject	LEGAL ENVIRONMENT
dc.subject	LICENSES
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MACROECONOMIC STABILITY
dc.subject	MANUFACTURING
dc.subject	MARGINAL COST
dc.subject	MARGINAL COST OF PRODUCTION
dc.subject	MARKET SHARE
dc.subject	MATERIAL
dc.subject	METALS
dc.subject	MINES
dc.subject	MONETARY POLICY
dc.subject	NATIONAL INCOME
dc.subject	NATURAL CAPITAL
dc.subject	NATURAL RESOURCE
dc.subject	NATURAL RESOURCE ECONOMICS
dc.subject	NATURAL RESOURCES
dc.subject	NEGATIVE EXTERNALITIES
dc.subject	NEW TECHNOLOGIES
dc.subject	NONTRADABLE
dc.subject	OIL
dc.subject	OIL PRICES
dc.subject	OPEC
dc.subject	OUTPUT
dc.subject	PERVERSE SUBSIDIES
dc.subject	PHOTO
dc.subject	PHYSICAL INFRASTRUCTURE
dc.subject	POLICY MAKERS
dc.subject	PORTFOLIO
dc.subject	PRICE CONTROLS
dc.subject	PRICE FLUCTUATIONS
dc.subject	PRICE INDEXES
dc.subject	PRICE INSTABILITY
dc.subject	PRICE MOVEMENTS
dc.subject	PRICE RISK
dc.subject	PRICE SERIES
dc.subject	PRICE VOLATILITY
dc.subject	PRICED
dc.subject	PRIMARY COMMODITIES
dc.subject	PRIMARY COMMODITY
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATIZATION
dc.subject	PRODUCERS
dc.subject	PRODUCT CATEGORIES
dc.subject	PRODUCT MARKETS
dc.subject	PRODUCTION PROCESS
dc.subject	PRODUCTION STRUCTURE
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROVEN RESERVES
dc.subject	PUBLIC EXPENDITURES
dc.subject	PUBLIC GOOD
dc.subject	PUBLIC POLICY
dc.subject	QUERIES
dc.subject	RANDOM WALK
dc.subject	RENT SEEKING
dc.subject	RESOURCE MANAGEMENT
dc.subject	RESOURCE OWNERSHIP
dc.subject	RESULT
dc.subject	RESULTS
dc.subject	RISK AVERSE
dc.subject	RISK AVERSION
dc.subject	RISK MANAGEMENT
dc.subject	SAVINGS
dc.subject	SKILLED WORKER
dc.subject	SKILLED WORKERS
dc.subject	SMALL ECONOMY
dc.subject	SUNK COSTS
dc.subject	SUSTAINABLE DEVELOPMENT
dc.subject	SUSTAINABLE GROWTH
dc.subject	TAX
dc.subject	TAX RATES
dc.subject	TECHNOLOGICAL ADVANCES
dc.subject	TECHNOLOGICAL INNOVATION
dc.subject	TECHNOLOGICAL INNOVATIONS
dc.subject	TELEPHONE
dc.subject	TERMS OF TRADE
dc.subject	TIMBER
dc.subject	TIME PERIODS
dc.subject	TOTAL FACTOR PRODUCTIVITY
dc.subject	TOTAL FACTOR PRODUCTIVITY GROWTH
dc.subject	TRAGEDY OF THE COMMONS
dc.subject	TRANSPARENCY
dc.subject	TRANSPARENCY INITIATIVE
dc.subject	TRUSTS
dc.subject	USES
dc.subject	VALUE CHAIN
dc.subject	WAGES
dc.subject	WEALTH
dc.subject	WORLD DEVELOPMENT INDICATORS
dc.subject	WORLD MARKETS
dc.title	Natural Resources in Latin America and the Caribbean : Beyond Booms and Busts?
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication
dc.coverage	Latin America & Caribbean
dc.coverage	Caribbean
dc.coverage	Latin America

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