Overview

Latin America 2040 presents a longer term vision of Latin American society and economies, within which current policy debates and actions must be anchored. It presents a set of multigenerational issues that must be tackled urgently in order for countries in the region to sharply reduce inequities as well as raise their economic growth rates. While most Latin Americans have weathered the latest economic turmoil reasonably well, the fact is that the region has been underperforming Asia for the past thirty years. Much of Latin America is mired in the ""middle income trap"". This book argues that the current situation is untenable economically, socially and politically. At the same time, the authors believe that the region can and must aim higher and aspire to achieve much more rapid economic growth and a much faster reduction in disparities during the next three decades. This book presents a bold and ambitious new vision of Latin America and offers an agenda for such a resurgence of Latin America. It presents a strategy for the regional economies to realize this vision by sharply raising their growth rates while achieving much more inclusive societies. This, in turn, will allow Latin America to reverse the trend of the past thirty years during which it steadily and significantly lost its share of the world economy and thus enter a new era of hope and prosperity.

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Harinder S. Kohli is President and CEO of the Centennial Group. He is also the Chief Executive of the Emerging Markets Forum and is on the Advisory Board of the Asian Institute of Technology. Prior to starting the Centennial Group, Kohli spent 26 years with the World Bank in a series of senior positions. He has led World Bank teams that participated in the Multilateral Working Groups of the Middle East Peace Process and developed a conceptual programme for Economic Development in the Middle East. This work became the foundation for the international development assistance to West Bank and Gaza after the peace accord. He is the principal author of the report of an Eminent Persons Group entitled Towards a New Asian Development Bank in a New Asia and of World Bank's report Infrastructure Development in East Asia and Pacific: Towards a New Public Private Partnership. In addition he has written articles and delivered speeches on Asian Economics, Private Capital Flows, Regional Economic Cooperation, Industrial Development, Enterprise Development and Privatization, Energy, Information Technology and the Middle East Economic Development issues. Prior to joining the World Bank, Kohli worked with the Union Carbide in India and the Pechiney Group in France. He has a Masters in Business Administration from the Harvard Business School (elected Backer Scholar with High Distinction) and a Bachelor of Science in Mechanical Engineering from Punjab University, India (First Class Honors). He is married to Paulina Ledergerber Crespo, an anthropologist at the Smithsonian Institute's Museum of Natural History. Claudio M. Loser is CEO and President of Centennial Latin America, and is Advisor for the Emerging Markets Forum. Loser is also a Senior Fellow at the Inter-American Dialogue. Since 2005 he has been an adjunct professor of Economics (Latin American Economic Development) at George Washington University, and has lectured at the Foreign Service Institute of the US Department of State. For thirty years and until November 2002, he was a staff member of the International Monetary Fund. During the last eight years of his tenure he was Director of the Western Hemisphere Department at the IMF. He graduated from the University of Cuyo in Argentina and received his MA and PhD from the University of Chicago. Loser has published extensively, including the book Enemigos together with the Argentine journalist Ernesto Tenenbaum, where they discuss the relations of the IMF and Argentina in the 1990s. He also is co-editor of ""Latin America 2040-Breaking Away from Complacency: An Agenda for Resurgence"" (2010). Anil Sood, in his 30-year career at the World Bank, occupied many senior positions including Vice President, Strategy and Resource Management, and Special Advisor to the Managing Directors. He has since advised chief executives and senior management of a number of development organizations including the African Development Bank, the Islamic Development Bank, the United Nations Development Programme, and the United Nations Economic Commission of Africa, on matters of strategy and development effectiveness.

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