ThinkTankWeekly

Understanding Latin America’s Economy in the Twenty-First Century

Foreign Affairs | 2026-08-18 | economy

Topics: United States

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English Summary

The analysis argues that Latin America has achieved sustained progress in stabilizing its economies by improving fiscal management and controlling inflation, making institutions better equipped to handle external shocks. However, growth remains constrained by an overreliance on commodity exports and insufficient protection of domestic industries. For future development, the report advocates for a shift toward active industrial policy to nurture new sectors, coupled with social democratic reforms like progressive taxation and improved public services to restore popular faith in democracy.

中文摘要

該分析指出,拉丁美洲透過改善財政管理和控制通貨膨脹,已在穩定其經濟方面取得持續進展,使制度更具備應對外部衝擊的能力。然而,其成長仍受限於過度依賴商品出口以及國內產業保護不足。為實現未來發展,本報告主張轉向積極的產業政策以培育新興產業,並結合實施累進稅制和改善公共服務等社會民主改革,從而重建民眾對民主制度的信心。

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