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Will Latin America now put a stop to 'stop-and-go'?

By:

RANIS, Gustav

Material type: Text

TextPublication details: 1996Action note:

3/7/00 M2LMGR

Summary: Notes that stop-and-go cycles, where the 'stop' phase of price stability, stable exchange rates and export bonanzas, was regularly followed by the 'go' phases of inflation, depreciating curencies, and collapse of exports, have been a central feature of the Latin American economic landscape. Argues that the abundance of natural resources and inflows of easy foreign capital have permitted Latin American countries to delay the micro-economic reform that are needed if this region is to be free of these deleterious cycles.

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Notes that stop-and-go cycles, where the 'stop' phase of price stability, stable exchange rates and export bonanzas, was regularly followed by the 'go' phases of inflation, depreciating curencies, and collapse of exports, have been a central feature of the Latin American economic landscape. Argues that the abundance of natural resources and inflows of easy foreign capital have permitted Latin American countries to delay the micro-economic reform that are needed if this region is to be free of these deleterious cycles.

3/7/00 M2LMGR

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