Overview

Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic stability with an increased emphasis on microeconomic reforms. By providing empirical evidence linking actual firm performance to shortcomings in Latin America's investment climate, the book discusses policies that could have a significant impact on firm productivity by improving the environment in which firms invest and operate.

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9780821376874

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PABLO FAJNZYBLER is senior economist in the Chief Economist's Office of the Latin America and Caribbean region of the World Bank. Previously, he worked at the Bank's Finance and Private Sector Development Department and at its Development Economics Research Group. He has published in various professional journals on a variety of development topics, including the economic impact of workers' remittances, the dynamics of micro-enterprises in developing countries, the impact of international trade on labor demand, and the economic causes of violent crime. He has also contributed to publications on informality and the determinants of economic growth in Latin America. JOSE LUIS GUASCH is Senior Regional Advisor for Latin America and the Caribbean Region for Regulation and Competitiveness at the World Bank and Professor of Economics, University of California, San Diego. HUMBERTO LOPEZ is Lead Economist in the Central America Management Unit of the World Bank's Latin America and Caribbean region

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