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That said , macroeconomic stability , a business environment that provides producers with reasonable confidence that they can protect their rights , provision of appropriate physical and human infrastructure , and relatively uniform incentives across economic activities all appear to be necessary for sustained economic growth . In Brazil , as a result of macroeconomic stability over the last few years , a significantly greater proportion of our population has shared in the benefits of development . Although macroeconomic stability in Latin America has generally improved , the succession of economic crises in the late 1990s and early 2000s has proved devastating for the poor . The demands that global capital markets impose on states - in ensuring macroeconomic stability and financial credibility - have never been greater . Fortunately , the recent experience has been much more encouraging , thanks to the increased social awareness in the region of the importance of preserving macroeconomic stability as an essential factor for growth , job creation , and poverty reduction .