"The rebalancing in the world economy is providing the seeds of what could be a sustained economic boom in Latin America and the Caribbean,'' said IDB Principal Economist Alejandro Izquierdo, one of the coordinators of the study. "However, for this to happen, countries in the region need to address as soon as possible the new challenges posed by this emerging economic environment, particularly in terms of prudent macroeconomic management, new trade opportunities and higher productivity levels." The study, 'One Region, Two Speeds? Challenges of the New Global Economic Order for Latin America and the Caribbean', coordinated by Izquierdo and Ernesto Talvi, director of the Center of Economic and Social Studies in Uruguay, was presented to the Board of Governors of the IDB during the Bank's Annual Meeting in Calgary, Canada.