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On Tuesday, September 29, 2009 Center for Global Development hosted a launch event for their newest book, Growing Pains in Latin America: An Economic Growth Framework as Applied to Brazil, Colombia, Costa Rica, Mexico, and Peru. The book’s principal author and editor, CGD senior fellow Liliana Rojas-Suarez, addressed the central issues posed in this book: Beyond the current global crisis, what can Latin American countries do to accelerate economic growth on a sustainable basis? How can policymakers address the fact that the benefits of market-oriented reforms have yet to reach important segments of the population?
Alejandro Foxley, one of the architects of Chile’s highly successful reforms in the 1990s, and a former minister of finance and foreign affairs, delivered remarks and discussed the book’s key recommendations. Nancy Birdsall, president of the Center for Global Development, moderated the discussion.
Growing Pains in Latin America is based upon the work of a Task Force comprising the region’s top scholars and economic policy practitioners. They examined past reforms to determine what worked and what failed to increase growth and reduce inequality, then devised a policy framework based on the region’s unique characteristics: Latin America is the most democratic and financially open region of the developing world, but also the most inequitable. In the case studies, other experts apply the framework to five countries to offer innovative yet practical policy proposals.