Achieving Sustainable And Inclusive Economic Growth In Latin America: National Development During The Commodity Boom l Alcançando Crescimento Econômico Sustentável e Inclusivo Na América Latina: Desenvolvimento Nacional Durante o Boom Das Commodities
DOI:
https://doi.org/10.12957/neiba.2020.51159Keywords:
Commodity Boom, Poverty, Income InequalityAbstract
ABSTRACT
This article examines how government policy affects the sustainability and inclusiveness of national development after the boom. The impact of the latest commodity boom (2003-2014) on the sustainability and inclusiveness of Latin American national development varies, but not by whether governments were ideologically left. I present the economic results of the commodity boom for the major Latin American countries, followed by the social results as measured by the reduction in poverty rates and income inequality. I examine potential countervailing economic factors that could mitigate the importance of the political economic determinants of the use of resource wealth. Finding the countervailing economic factors inadequate to explain the variation in social results, I propose that the political economy of linking resource wealth with economic and social outcomes is the key determinant. I conclude the paper with a discussion of current challenges post-commodity boom.
Keywords: Commodity Boom; Poverty; Income Inequality.
RESUMO
Este artigo examina como a política do governo afeta a sustentabilidade e a inclusão do desenvolvimento nacional após o boom. O impacto do último boom das commodities (2003-2014) na sustentabilidade e inclusão do desenvolvimento nacional da América Latina varia, mas não pelo fato de os governos serem ideologicamente de esquerda. Apresento os resultados econômicos do boom das commodities para os principais países da América Latina, seguidos pelos resultados sociais medidos pela redução das taxas de pobreza e desigualdade de renda. Examino os possíveis fatores econômicos compensatórios que podem mitigar a importância dos determinantes político-econômicos do uso de recursos financeiros. Considerando os fatores econômicos compensadores inadequados para explicar a variação nos resultados sociais, proponho que a economia política de vincular os recursos financeiros a resultados econômicos e sociais seja o principal determinante. Concluo o artigo com uma discussão dos desafios atuais do pós boom das commodities.
Palavras-chaves: Boom de Commodities; Pobreza; Desigualdade De Renda.Downloads
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This work is licensed under a Creative Commons Attribution 4.0 International License