Ocampo, José Antonio2016-10-172016-10-172008Ocampo, José Antonio. "The End of the Latin American Boom." (2008) James A. Baker III Institute for Public Policy: <a href="http://www.bakerinstitute.org/research/the-end-of-the-latin-american-boom/">http://www.bakerinstitute.org/research/the-end-of-the-latin-american-boom/</a>.https://hdl.handle.net/1911/91931Latin America experienced rapid rates of economic growth from 2003 to 2007. The boom was based on the extraordinary coincidence of three favorable external shocks: high commodity prices, exceptional external financing and high levels of remittances. Since mid-2008, all of these factors have turned negative and deteriorated further with the deep world financial crisis that erupted in mid-September. As a result, the boom is now over, but compared to previous crises, countries now have more room to maneuver to manage adverse external conditions.engResearch paper