Can Latin America Compete? - Confronting the Challenges of Globalization (Paperback, 2008 ed.)

The onset of the global financial crisis and the ensuing exit of capital from Latin America reminds us all of the competitive weaknesses still plaguing the region in spite of its recent six year economic boom (2003-2008). In a global economy now characterized by risk intolerance and limited credit, can Latin America compete for its share of resources? Many argue that macroeconomic and trade reforms achieved in the 1990s merely put a handsome coat of paint over education, labor, judicial, and administrative reforms that remain incomplete. This book identifies and analyzes ten factors that most influence the competitiveness of Latin American nations and will shape their economic futures. In their frank and direct assessment--pulling no punches--the authors also present viable courses of action that Latin America can take to increase its ability to compete in the global economy.