Growing Pains in Latin America

This book tackles the complex issue of how to accelerate economic growth and ensure sustainability in Latin America. It first lays out the framework designed by experts in the economics and politics of growth in the region. Although simple and intuitive, the framework addresses the many ingredients that shape economic growth there, including macroeconomics, the quality of political institutions, productivity, income inequality, democracy, and resistance to reform. A second group of experts then apply the framework to five countries: Brazil, Colombia, Costa Rica, Mexico, and Peru. They provide specific policy recommendations on how to proceed with the reform process while taking into account the local conditions (economic, social, and political) that characterize the individual countries.