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"Besides hailing from the same region, what do Brazil, Panama and Colombia have in common? When it comes to the economic recovery, these countries -- along with Chile, Uruguay and Peru -- have become the stars of Latin America. Each of them has stood up to the crisis with what the Organisation for Economic Co-operation and Development (OECD) calls a "new resilience," paving the way for counter-cyclical policies without impairing fundamentals. According to the OECD's "2010 Latin American Economic Outlook," inflation-targeting in these countries has been particularly effective in building confidence-enhancing institutional strength."


cont'd


http://knowledge.wharton.upenn.edu/article.cfm?articleid=241...
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