Growth in Latin America and the Caribbean has been disappointing. For commodity exporters, the exceptional 2002-2012 boom boosted investment and relaxed fiscal constraints, but many countries made little progress on improving underlying productivity and their medium-term growth potential. In other countries, particularly some in the Caribbean and Central America, negative … [Read more...] about Boosting Growth in Latin America and the Caribbean
Men and women are different. That’s a good thing, much of the time, but not in the case of unemployment. A woman may be able to bewitch her partner, but when it comes to being out of work, she’s the one in the deepest spell—an unemployment spell, that is. Recent research in Colombia sheds light on some of the issues surrounding women in and out of the workforce. Let’s set the … [Read more...] about Unemployment among Women: Another Kind of Spell
An individual’s place on the social ladder is the result of his efforts and achievements rather than his, or his parents’, socioeconomic status—or is it? This idealistic adage is predicated on a society that offers equal opportunity for all, something that is more the exception than the rule in Latin America and the Caribbean. A society offers greater social mobility when … [Read more...] about The Dark Side of Entrepreneurship in Latin America.
Entrepreneurship in Latin America bears no resemblance to that of other regions: beginning with size—most businesses are micro or small— and ending with motivation—entrepreneurs are what they are more "by necessity" than "by opportunity." On top of these traits, Latin American entrepreneurs have little appetite for risk and innovation which, together with the limited … [Read more...] about A Comparative Disadvantage for Latin American Entrepreneurs