A look at how the low productivity in Latin America and the
Caribbean is preventing the region from catching up with the
developed world. The authors look beyond the traditional macro
explanations and dig all the way down to the industry and firm
level to uncover the causes. The book examines productivity growth
by focusing on the extreme heterogeneity of sectors and firms,
emphasizing the importance of policies that allow firms to thrive
and expand. The book zeros in on the critical services sectors,
particularly those, such as transportation and retail, with
important repercussions on the rest of the economy. It challenges
the argument that the region is condemned to stagnation and
examines a number of policy levers that can transform its
economies.
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