Latin America: Condemned to Poverty?Productivity, an indicator of the relative capacity of wealth creation, has been stagnant in the region for thirty years.Thursday, April 24, 2014
Manuel Hinds' analysis in an article published in Elsalvador.com, notes that "... Latin America has two problems with productivity. One is that it is low compared to developed countries. The other is that, with the modest exception of Chile, it has not been increasing over the past thirty years. I say modest because although clearly distinguishable, it does not compare to the productivity growth of Korea (shown on the graph), Singapore and Hong Kong (not shown) were the only countries which emerged from underdevelopment in the last hundred years. In fact Chile has managed to draw with Mexico in first place in Latin America, but that represents only 56 percent of the productivity of Korea and 32 percent of that of the United States. " Source: elsalvador.com ¿Busca soluciones de inteligencia comercial para su empresa?Central America Falls Behind in Human DevelopmentNovember 2011 Out of all the countries on the isthmus, only Panama’s Human Development Index follows the upward trend set by Latin America and the Caribbean. No Productivity Growth in Latin AmericaApril 2011 The lack of definition of a comprehensive agenda focused on identifying the root of the problem seems to be the reason. Latin American Children Face Tough FutureJune 2010 In Latin America, children have far less development opportunities than kids growing up in Europe, the United States or Canada. Diversifying Export MarketsMay 2010 If we take into consideration which economies fared better in the crisis, we should seek trade partners in Asia and not in Europe.
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