Latin America boasts a wealth of creativity and resources. Since the turn of the century, its creative industries—from Argentina to Colombia to Mexico—have been flourishing. However, the region has been getting bad grades in productivity, a key ingredient for development. Its levels of research and development are low. Compared to rich countries, its productivity has been … [Read more...] about Finding the Recipe for Successful Productive Development Policies
The story of business in the advanced economies of the 21st century is one of explosive innovation and creativity. From artificial hearts and electric cars to cloud computing and iPhones, companies have sent forth a dazzling array of new products and processes that have helped increase shareholder value, boost productivity, and raise living standards. Education, by contrast, … [Read more...] about What the Educational Sector Can Learn from Business
It's not always easy to be a billionaire. In the United States, resentment against the top 1%, with their immense share of national income, helped spur the Occupy Wall Street movement and its slogan "We are the 99%." And that resentment is even more intense for the one-tenth of 1% who are on the Forbes 400 list of wealthiest Americans and earn more than millions of families … [Read more...] about How the Rich Can Help Poor Countries
Businesspeople seek as much as influence as possible over their government's productive development policies. From many points of view, this makes sense. Company executives experience firsthand the structural problems that prevent them from serving their clients better, accessing new markets and increasing productivity. They know where the information asymmetries lie. If they … [Read more...] about Seating Business and Government at the Table
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.