Fiscal Policy and Inclusive Growth in Latin America: Lessons for Asia

Publication | October 2014

Latin American experience with inclusive fiscal policy, particularly conditional cash transfer programs, can offer valuable lessons for developing Asia and the Pacific in leveraging public spending to spread the benefits of growth.

Overall, the evidence suggests that CCT programs can be an effective tool for inclusive growth in Asia, too. However, CCTs are not a panacea for poverty and inequality, and the ingredients for their success in Asia may differ from those in Latin America.


  • Abstract
  • Introduction
  • Pro-cyclicality of Fiscal Policy in Latin America
  • The Impact of Social Spending and Taxes on Inequality and Poverty
  • Latin American Experience with Conditional Cash Transfer Programs
  • Policy Lessons for Developing Asia from the Latin American Experience
  • References

Additional Details

  • Governance and public sector management
  • Social development and protection
  • Social protection
  • Social protection - social assistance programs
  • WPS146900-3
  • 2313-6537 (Print)
  • 2313-6545 (e-ISSN)

Published Versions

Lee, Sang-Hyop and Donghyun Park. 2015. "Fiscal Policy and Inclusive Growth in Latin America: Lessons for Asia." In Inequality, Inclusive Growth, and Fiscal Policy in Asia, edited by Donghyun Park, Sang-Hyop Lee, and Minsoo Lee, 235–55. London: Routledge.

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