Structural Reforms in Latin America Under Scrutiny

The future of structural reforms in Latin America is under discussion. This paper synthesizes the facts and opinions that underlie this debate. The paper starts by analyzing the status of public opinion of the reform process and points out that disillusionment with the reforms has been growing, particularly among the middle class. The paper then reviews the effects of the reform on growth, poverty, inequality, and employment, and concludes by summarizing the main proposals to expand or reorient the reform agenda in Latin America