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Volatility, risk, and innovation : social protection in Latin America and the Caribbean (Inglés)

Like most developing regions, Latin America and the Caribbean suffers from a high degree of economic volatility -volatility that is much greater than in industrial economies. The manifestations of this problem are well known. The "lost decade" of the 1980s, Mexico's Tequila Crisis of 1994-95, the recent Argentina crisis and that disaster's spillover effects on neighboring countries have all grabbed headlines and become major concerns of policymakers...
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