Governance remains an issue for Latin America despite reforms in recent decades

Governance remains an issue for Latin America despite reforms in recent decades

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The past couple of decades has witnessed unprecedented reform in Latin America. Colombia and Peru have implemented changes to their pension systems inspired by the pioneering reforms of Chile. Mexico has doubled down on its efforts to become a free trade star. Even Brazil, led by a left-wing government for much of this time, has revamped regulations governing a variety of industries, injecting more competition and adopting world-class standards. Along the way, millions have been integrated into the formal economy. Living standards have steadily climbed. Despite these impressive gains, there remains a lingering frustration with Latin American countries. Monica de Bolle, a senior fellow at th

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