Opinion: Latin America struggles to compete when it needs to

By John Price, managing director, Americas Market Intelligence Region can no longer afford to lose its bravest and brightest to emigration. Without a commodity boom to rescue Latin America —because of abundant U.S. energy and weak Chinese infrastructure demand— the region must rise the old-fashioned way: by cutting waste and graft from government and raising productivity through smart reforms. The commodity boom afforded Latin American governments for the first time in a generation the ability to finance new infrastructure. Over $1 trillion was invested. However, much of it was wasted or misdirected through public coffers, though some of that spending worked, especially when run by private concerns. Latin America today has impressive infrastructure for mobile devices, a few dozen world-class ports and […]

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