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How Latin America is finding its path to economic prosperity again: a just transition as the target
Wie Lateinamerika wirtschaftlich wieder den Vorwärtsgang findet: Just Transition als Zielmarke
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Corporate Editor
Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract The traditional image of Latin America as a troubled region seems to continue even after the Covid-19 crisis, this time in the wake of the war in Ukraine and the sanctions imposed by the West. Inflationary pressures, budget deficits and the danger that broad sections of the population will slip into... view more
The traditional image of Latin America as a troubled region seems to continue even after the Covid-19 crisis, this time in the wake of the war in Ukraine and the sanctions imposed by the West. Inflationary pressures, budget deficits and the danger that broad sections of the population will slip into poverty are fuelling negative scenarios. There are initial indications that some countries are already experiencing payment difficulties. Demands from Latin American governments for debt relief or the renegotiation of foreign debt are being put on the agenda as part of a reorientation of the development model towards sustainability and climate protection criteria. This requires a far-reaching structural change, away from the traditional commodity-based economies and towards an environmentally and socially compatible development path. Germany and Europe must also shift course by contributing to the conservation of natural resources and not just to their exploitation. (Autorenreferat)... view less
Keywords
Latin America; South America; economic development (on national level); economic policy; economic structure; structural policy; natural resources
Classification
Economic Policy
Document language
English
Publication Year
2023
City
Berlin
Page/Pages
6 p.
Series
SWP Comment, 21/2023
DOI
https://doi.org/10.18449/2023C21
ISSN
2747-5107
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications