Global Matters

Global Matters

The 20th century’s international order, which installed the United States, Europe and Japan in dominant positions, is ending. New powers are emerging to challenge a system arranged within the framework of U.S. and European multilateralism. Transitional processes necessarily breed chaos and uncertainty. This is the global situation to which our economies and political systems must adapt.

Reports on Global Matters See all

Average annual rates of growth (%), advanced economies, emerging economies and Latin America, 1960-2018

Examining Latin America’s ‘puzzle’ of low growth

Why do Latin American countries remain mired in sluggish economic growth? Economists have addressed the question with reams of analysis, but the answer is simple: low productivity. That in turn, has been caused by government involvement in the economy that has stifled competition and innovation. The real puzzle is what it will take for the region to change course. 

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