An uncomfortable reality lies behind Latin America’s poor growth performance: gains in productivity have been anemic over the last three decades. The costs in long-term GDP growth, as well as higher wages and living standards for Latin America's people, are steep. Over the last decades most Latin American nations adopted a broad agenda of economic liberalization and … [Read more...] about Reforming Regulations that Harm Productivity and Worker Welfare
#SocialInsurance
Mexico: The Elusive Quest for Prosperity
Imagine a country that does everything that development economics says is right: guarantee macroeconomic stability, maintain an open trade regime and invest in physical capital and education. Now imagine, that this this country suffers anemic growth and has done so for over two decades. What in the world could be wrong? This is the agonizing question facing Mexico and the … [Read more...] about Mexico: The Elusive Quest for Prosperity