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The Innovation Imperative, Mañana

Latin Americans have this nasty habit of arriving late. Not to appointments, which some still do, but to the adoption of crucial business practices to make the jump to a new development level. Want proof? Economists have told us for decades that a capitalist firm in a competitive market is subject to a growth imperative, because uncertainty about profits in a no-growth scenario makes company prospects quite bleak in the short run, and the probability of going bankrupt rises significantly in the long run. On other shores, researchers in business have repeated ad nauseam that innovation is at the very […]
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