Accelerating Latin America’s Economic Growth

Although Latin America’s economies have stabilized since the COVID-19 pandemic, economic growth in most of the region has stalled, and its forecasted growth rates are the lowest of any region in the world. Such low growth will mean greater poverty and inequality, leaving citizens’ expectations for greater economic opportunity unfulfilled. While a slowing global economy, high investment costs, and many other factors play a role, persistently low productivity in the region is an important constraint on growth. The World Bank has pointed to the need for greater competition in Latin America’s economies, which would improve productivity by accelerating innovation and technological improvements, delivering important benefits to consumers. The World Bank has also highlighted the geography of productivity and outlined promising ideas for how Latin American cities can once again drive economic growth. Join Hudson for a conversation with World Bank economists William Maloney and Elena Ianchovichina on how productivity gains could help accelerate economic growth in Latin America.