Ricardo Lagos: The wealth problem

Ricardo Lagos: The wealth problem

Chile Economy & Policy Corporate & Sovereign Strategy

The last quarter century has been a period of tremendous change for Latin America. Twenty-five years ago, many countries in the region were just emerging from authoritarian regimes and dictatorships. Over this period we have learned to manage our economies. When it comes to sound macroeconomic policy, we all now know what that means. The fact that we had so many economic and financial crises in the past meant, for example, that we were better prepared to resist the 2008 crisis in the developed world. From a political point of view, we now have democratic institutions across the region. From an economic point of view, most Latin American countries are rapidly approaching middle-income sta

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