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Figure 3: GDP per Capita, Latin America, World 5 4 3 2 1 0 -1 -2 Latin America World Source: World Bank and author’s own calculations Latin America has emerged as one of the most successful economies in the world, driven by the rapid increase in commodity prices but also by the implementation, in most countries, of sound economic policies. Still, this success has brought challenges: Growing opposition from environmental groups and local communities to oil and mining developments; Rapid appreciation of local currencies, leading to a process of de-industrialization; and Excessive dependency on commodities for export revenues. This document examines the challenges that Latin America faces in meeting its energy needs and the energy policy options. 3 % change GDP per capita 2010 2005 2000 1995 1990 1985 1980 1975PDF Image | Infrastructure and Environment Department
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