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Article: Is efficiency the equivalent to a high rate of return for private pension funds? Evidence from Latin American countries.
- Article from:
- Journal of Centrum Cathedra
- Article date:
- September 1, 2008
- Author:
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Introduction
Latin America is performing much better than at any time since the 1960s. Economic growth has averaged over 5 percent a year since 2004 (International Monetary Fund (IMF), 2008). Despite the high price of gas, corn, and soy, inflation has been generally low, direct investment is hitting two-digit growth, and the region's current account and fiscal accounts are both in surplus (See IMF, 2008).
Latin America's economies are expected to grow on average by 4.6 percent during 2008, according to the latest forecast from Latintrade (2008). That compares well to the high level of growth of 5.4 percent for 2007. Latin America will therefore see ...