Greater investment needed to drive sustainable and inclusive development in the Latin American and Caribbean economies
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2022 , pp 127-144
- Publication Date: April 2023
- DOI: https://doi.org/10.18356/9789210055802c005
- Language: English
On various occasions, the Economic Commission for Latin America and the Caribbean (ECLAC) has highlighted the role of investment as one of the pillars of a strategy to break the perverse cycle of inequality, poverty and lacklustre growth. This document extends the discussions contained in the 2017, 2018 and 2020 editions of the Economic Survey of Latin America and the Caribbean, in terms of characterizing investment trends in the region since 1950, providing a broader historical view of that dynamic. This chapter emphasizes the essential role played by investment as the pillar of a development strategy that makes it possible to improve the productivity of the region’s economies, while adopting technologies that respect the environment and make it possible to cut CO2 emissions in line with international agreements, with a view to achieving the target of zero emissions by 2050.
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