Professor and researcher at the Economics Department of the Autonomous Metropolitan University (UAM), Iztapalapa Unit. Coordinator of the University Research Program on Integration in the Americas. D. in Latin American Studies from UNAM.
The concentration of wealth is increasing. Meanwhile, the labor situation in most societies is deteriorating, with more intense labor regimes, obstacles to unionization and lagging wages.
In Latin America, central banks, including those of countries with progressive governments, accept the monetarist argument that generates additional difficulties for growth and for implementing economic policies that reduce inequality and promote development.
In Latin America, restrictive monetary policies, as the effective and relevant means to control and reduce inflation, is a decision that is not objected to by governing boards or central banks.
The thesis that monetary policy is what makes it possible to achieve stability and recover growth was not only maintained, but also deepened to the extreme.
The IMF estimates a contraction of the world product in 2020 of 3.3% and Latin America is the most affected region. The reduction of the Latin American economy was 7% but with a great inequality between countries and regions.
The year 2020 ends with a notable contraction in the world economy, with unprecedented figures and for some countries the greatest decrease in gross domestic product since measurements were taken. In Latin America, according to ECLAC, in 2020 the worst economic, social and productive crisis that the region has experienced since the beginning of the 20th century took place.
The pandemic continues. The growth of infections and the number of active people in Europe and America indicate that the disease is re-emerging in these areas. In some countries, the spread of the disease has not been significantly controlled and in recent weeks there has been a further increase.
