TY - JOUR
T1 - Financial resource flows, macro policy response, and the socio-economic environment
T2 - The experience of Latin America and East Asia
AU - Chakraborty, Chandana
AU - Rawlins, Glenville
PY - 2004/9
Y1 - 2004/9
N2 - This paper analyzes the compositional changes in financial resource flows to, and the consequent macroeconomic policy response of, the largest recipients in Latin America and East Asia during the last decade. Further, it evaluates the socio-economic impact of these flows on the attained level of empowerment of the broader population in both regions. The analysis suggests that recent financial crises were catalysts for compositional shifts between aid, portfolio, and FDI flows. Further, public policies in both regions were effective in mitigating the most deleterious effects of these flows. Finally, the analysis indicates that both regions were successful in translating these financial inflows into better living standards.
AB - This paper analyzes the compositional changes in financial resource flows to, and the consequent macroeconomic policy response of, the largest recipients in Latin America and East Asia during the last decade. Further, it evaluates the socio-economic impact of these flows on the attained level of empowerment of the broader population in both regions. The analysis suggests that recent financial crises were catalysts for compositional shifts between aid, portfolio, and FDI flows. Further, public policies in both regions were effective in mitigating the most deleterious effects of these flows. Finally, the analysis indicates that both regions were successful in translating these financial inflows into better living standards.
KW - FDI
KW - Financial resource flows
KW - Macroeconomic performance
KW - Portfolio equity flows
KW - Socio-economic indices
UR - http://www.scopus.com/inward/record.url?scp=11144337457&partnerID=8YFLogxK
U2 - 10.1016/j.socec.2004.04.005
DO - 10.1016/j.socec.2004.04.005
M3 - Article
AN - SCOPUS:11144337457
SN - 1053-5357
VL - 33
SP - 469
EP - 489
JO - Journal of Socio-Economics
JF - Journal of Socio-Economics
IS - 4
ER -