Más del 70 por ciento del producto interno bruto (PIB) en América Latina lo producen las grandes empresas, mientras que en las economías desarrolladas de la OCDE la participación de las grandes empresas en el PIB es de apenas el 40 por ciento. En materia de internacionalización, la...

Over 70 per cent of GDP in Latin America is produced by large firms, while in developed OECD economies the share of large firms in GDP is just 40 per cent. In terms of internationalization of Latin-American SMEs the situation is even less favourable. SMEs in Latin America have very little direct...

Why are growth rates in Latin America so disappointing? This book reviews the results of an ambitious research project to determine the binding constraints to growth, that is, the barrier whose removal would yield the greatest benefit in terms of growth. Included are case studies from seven...

"La era de la productividad" describe de qué manera la baja productividad de América Latina y el Caribe impide que la región se ponga a la par de los países del mundo desarrollado. Los autores indagan más allá de las explicaciones macroeconómicas tradicionales y profundizan hasta llegar...

Competing in the world economy does not automatically boost a nation's productivity and restructure its economy. Such progress requires mobilizing capital, employment, technology and knowledge. Opportunities beyond the business realm must be fully exploited to the benfit of society as a whole....

Regional integration initiatives have long been part of the world economic landscape. In Latin America, integration flourished in the early post-war era but then lost momentum until the 1990s, when there was a new wave of initiatives ranging from free trade areas to customs unions. This Report...

This paper reviews the literature and contributes with some evidence based on the World Values Survey on the drivers of tax morale worldwide, with an emphasis on developing countries. It shows that socio-economic factors such as age, religion, gender, employment status and educational attainment...

Purpose – This paper aims to understand the relationship in developing countries between fiscal consolidation and public investment – a flexible part of the budget that is easier to cut during consolidation effort, but with potentially negative growth effects. Analyzing in detail the case of...