Growth with Stability : Financing for Development in the New International Contest

During the 1990s, countries in the Latin American and Caribbean region regained access to external finance from international capital markets for the development of their economies. However, the volatility of these sources of finance and the region's pro-cyclical macroeconomic policies have been reflected in unusually frequent financial crises and unstable economic growth. This publication proposes a strategy for growth for the region, based on three key aspects of promoting stability of international capital flows for development financing; trade linkages and access to external capital; and promoting national capital resources by boosting public and private saving and investment.Economic Commission for Latin America and the Caribbean Staff is the author of 'Growth with Stability : Financing for Development in the New International Contest', published 2005 under ISBN 9789211213485 and ISBN 9211213487.