Latin America’s Challenge: A Fresh Look at Industrial Policy
bogota10

3rd November 2014

How can industrial policy aid in improving ease of doing business?
By Jerry Haar
When John Price and I wrote Can Latin America Compete? several years ago we were unflinching in our criticism of the region for failing to undertake sweeping microeconomic and institutional changes, such as improved access to capital, investment in infrastructure, and regulatory reform. We urged the region to undertake at the minimum incremental reforms across nearly a dozen areas (including public safety, judicial reform, and education) to boost its competitiveness, lest it continue to lose out to emerging markets in Asia.
Since then, Latin America has, indeed, introduced measures to improve competitiveness, and these changes should be applauded. However, unfortunately, other regions—particularly Asia, Central Europe and Sub-Saharan Africa—have reformed at a faster rate. In addition, even within Latin America the gap has widened between countries and within cities and sub-regions within individual countries. Most notable are the “Asia-facing” nations of Peru, Colombia, Chile, and Mexico versus the “Atlantic-facing” nations of Argentina, Brazil, and Venezuela. One need only read the just-released World Bank Doing Business 2015 report. The first four countries rank among the top 50 out of 189 nations whereas Argentina (124), Brazil (120) and Venezuela (182) fair miserably.
As all nations in the Hemisphere strive to boost their competitiveness, there is one thing that they would agree …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.
Read the current issue of Latin Trade Magazine

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US