Preserving Latin American Regional Human Capital in the Midst of the Corona Crisis

The social policy of Latin American states, based on the implementation of large-scale long-term programs since the beginning of the XXI century, has led to a significant reduction in poverty in the years preceding the global pandemic. At the same time, its results in reducing multifactorial inequality, ensuring access to education and health care, and overcoming regional disparities turned out to be insufficient. The COVID‑19 pandemic led to a complex social crisis, which had particularly severe consequences for children, youth, the elderly from vulnerable groups of the population, representatives of Indian peoples. Despite targeted measures of “urgent social support”, governments faced challenges exacerbated by the unresolved old problems and faced the need to develop new models of social policy: deep structural reforms in education, health, social protection, increasing transparency and professionalism of government structures, expanding opportunities for the active working-age population. The article discusses various social strategies of Latin American countries; It is noted that there is a need for a difficult choice between the tactics of targeted benefits and long-term policies focused on the activity and social inclusion of vulnerable groups, the qualitative development of the entire social sphere. This work for the sake of the future will require significant financial investments and is impossible without economic growth, cooperation with business and civil society structures.

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Analysis of crises in related economies on the example of Latin American countries

Romashkina,

Andrianov,

Bogdanenko

2023

TSU Herald. Soc Econ Law Res

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This article provides an analysis of the key macroeconomic and financial indicators of Latin American countries in 2020–2022. The objective is to periodize the behavior of economic indicators in the connected economies of developing countries. The relevance of the study lies in the need to understand the mechanisms of behavior of economic entities in crisis situations. Latin American countries were chosen as a model for the study because they are characterized by a high degree of connectivity, as they all fall into the category of developing countries and differ significantly in the behavior of regulators in crisis conditions. Based on the objective, the analyzed period for the region under consideration was conditionally divided into four stages: the initial panic of 2020, the period of the beginning of recovery at the end of 2020, the recovery of economies against the background of rising inflation in 2021, and a decrease in recovery growth due to instability in 2022. The methodology shows general trends and characteristic deviations caused by general and specific factors. General trends describe the behavior of economic indicators in the selected four stages of the crisis. The deviations show how related economies react to general external shocks in specific conditions. For example, the size of the economy and domestic economic policy have shown themselves as specific factors. The results show that Brazil’s larger economy was more affected by the inflationary shock and took tougher measures with regard to the central bank rate. Throughout the crisis and the subsequent period, Mexico demonstrated a lower unemployment rate and a lower level of government budget losses.

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Preserving Latin American Regional Human Capital in the Midst of the Corona Crisis

Cited by 3 publications

References 10 publications

Science Education for Students’ Critical Scientific and Environmental Literacies: Experiences from Latin America

Science Education for Students’ Critical Scientific and Environmental Literacies: Experiences from Latin America

The Social Landscape of Latin America: Strategies of the Past and Challenges of the Future

Analysis of crises in related economies on the example of Latin American countries

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