Infrastructure finance: Closing the gap

Infrastructure finance: Closing the gap

Economy & Policy Corporate & Sovereign Strategy Project & Infrastructure Finance

By Enrique GarcíaSound macroeconomic policies and the positive effects of high commodity prices over the past decade helped Latin America make important progress on a number of fronts: price stability, external balances, economic growth and poverty reduction. Yet today, if the region wants to improve the lives of its citizens while becoming more relevant in the global economy, complacency is not an option. The old comparative advantage approach, based on commodities and low wages, is no longer relevant. Governments must adopt a more sophisticated growth model based on efficiency, productivity, innovation, creativity and environmental sustainability. Infrastructure, alongside education

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