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Latin American Economic outlook 2012.pdf
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CHAPTER ONE
Macroeconomic overview 27
1.1. I ntroduction 28
1.2. From recovery to expansion 29
1.3. Inflationary pressures and price increases of primary products and fuels 33
1.4. Capital inflows: challenges to stability 35
1.5. C hallenges for macroeconomic policy 39
Notes 41
References 42
CHAPTER TWO
Public administration for development 43
2.1. I ntroduction 44
2.2. K ey aspects of public administration 45
2.3. C hallenges of public administration in Latin America 47
2.4. N ew paradigms and pragmatic responses 49
2.5. Policies to improve public administration 54
Notes 64
References 65
CHAPTER THREE
Fiscal policy reform 67
3.1. I ntroduction 68
3.2. Main trends in the region’s public finances 69
3.3. Fiscal policy and income inequality 77
3.4. Towards a strong social contract and an improved fiscal pact 79
Notes 82
References 83
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