Cambridge, Massachusetts – After a decade lagging behind South America in economic growth, Mexico and Central America are now poised to lead the region, according to new projections presented by researchers at the Center for International Development at Harvard University (CID). At the opposite end, the more commodity-driven economies of South America, especially Venezuela, Chile, and Ecuador, hold the lowest growth potential. Using their own measures of economic complexity, CID researchers show that the diversity and sophistication of the products a country produces are central in determining economic growth prospects. After five straight years of growth slowdown in Latin America and the Caribbean, CID’s findings predict the coming decade to continue this modest—if uneven—growth.... Read more about New Growth Projections Predict the Continued, Uneven Slowdown of Latin America
