One of the world economy's biggest puzzles is Latin America's poor performance. Since the early 1980's, Latin America has been stuck, with per capita incomes growing slowly (if at all) in most of the region, and with one big crisis following another. Many policies have been tried, especially trade liberalization, privatization of inefficient state enterprises, and budgetary reforms. Yet something is holding Latin America back.
One of the world economy's biggest puzzles is Latin America's poor performance. Since the early 1980's, Latin America has been stuck, with per capita incomes growing slowly (if at all) in most of the region, and with one big crisis following another. Many policies have been tried, especially trade liberalization, privatization of inefficient state enterprises, and budgetary reforms. Yet something is holding Latin America back.