Employment and real macroeconomic stability: the regressive role of financial flows in Latin America

Fuente: Organización Internacional del Trabajo (OIT)
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Autor principal: Ricardo Ffrench-Davis
Formato: Artículo científico
Publicado: International Labour Organization 2012
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author Ricardo Ffrench-Davis
author_facet Ricardo Ffrench-Davis
Ricardo Ffrench-Davis
contents Employment and real macroeconomic stability: the regressive role of financial flows in Latin America Ricardo Ffrench-Davis The author examines economic reforms carried out in Latin America since the 1990s. Price stabilization was achieved, but there has been insufficient growth and economic instability has been detrimental to productive investment and employment. Frequent crises have had a serious recessionary effect and have discouraged capital formation and the creation of decent jobs. Financial capital flows were the chief cause of this general economic situation. A positive recovery in 2010 resumed the climb towards progress begun in the 2004–08 period, but was accompanied by high levels of precarious employment and serious deficiencies in macroeconomic policy. 10.1111/j.1564-913X.2012.00133.x DOI https://doi.org/10.1111/j.1564-913X.2012.00133.x publication.journalArticle
format Artículo científico
id ilo_995219095802676
institution Organización Internacional del Trabajo (OIT)
publishDate 2012
publisher International Labour Organization
spellingShingle Employment and real macroeconomic stability: the regressive role of financial flows in Latin America
Ricardo Ffrench-Davis
Employment and real macroeconomic stability: the regressive role of financial flows in Latin America Ricardo Ffrench-Davis The author examines economic reforms carried out in Latin America since the 1990s. Price stabilization was achieved, but there has been insufficient growth and economic instability has been detrimental to productive investment and employment. Frequent crises have had a serious recessionary effect and have discouraged capital formation and the creation of decent jobs. Financial capital flows were the chief cause of this general economic situation. A positive recovery in 2010 resumed the climb towards progress begun in the 2004–08 period, but was accompanied by high levels of precarious employment and serious deficiencies in macroeconomic policy. 10.1111/j.1564-913X.2012.00133.x DOI https://doi.org/10.1111/j.1564-913X.2012.00133.x publication.journalArticle
title Employment and real macroeconomic stability: the regressive role of financial flows in Latin America
url https://researchrepository.ilo.org/esploro/outputs/journalArticle/Employment-and-real-macroeconomic-stability-the/995219095802676