21 Climate-related risks may reduce a borrower’s repayment See Network for Greening the Financial System, Guide to Climate Scenario Analysis for Central Banks and Supervisors, June 2020, https://www.ngfs.net/sites/default/files/media/2020/06/29/ngfs_guide_scenario_analysis_final.pdf.
Latin America's integration into the global economy has taken place more gradually over an extended period of time (and many times this process has been interrupted by economic crises.) The East Asian economies' truly impressive growth masks underlying weaknesses, or at least it reflects the lack of development in certain areas, that have a bearing on global imbalances.