|
Article Excerpt
[ILLUSTRATION OMITTED]
The economic crisis has been doubly bad news for Latin America and the Caribbean. First, because a recession that was not caused in the region threatens to inflict serious harm to it, reducing or paralyzing growth and causing severe difficulties in the social arena, especially in the areas of employment and poverty reduction. Second, because it puts an abrupt end to seven years of growth in which the region as a whole grew more than it had in the previous fifteen years, improving the quality of life of a significant number of its inhabitants.
Since the crisis originated in the developed world, and particularly in the United States, it was a natural reaction at first to say it would not have a serious impact on our countries. Until early this year, in fact, many in Latin America were still saying that the crisis was not generated in the region, that it would not reach us, or that we were prepared to face it if it did. Unfortunately, this thinking did not take into account a simple truth: our growth has...
|
|
More articles from Americas (English Edition)
The economic crisis: a major challenge for Latin America and the Carib..., July 01, 2009
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
