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Politics : View from the Center and Left

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From: TimF	7/31/2006 1:21:33 PM
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At one of the conferences in Madrid where I spoke, Cristian Larroulet from Libertad y Desarrollo in Chile presented some interesting insights on Latin America’s development. The left often points out that Latin America has grown less than expected, and that poverty has not been reduced during the 1990s, despite markets reforms. Larroulet divided Latin American countries in quarters, depending on the extent of their reforms 1990-2003 (according to the economic freedom index), which revealed an interesting pattern: Countries Growth 1990-2003 Deep reform +4.6% Some reform +3.2% Few reforms +2.4% No reform +1.3% Countries Poverty change (<$2) Deep reform – 8.5% Some reform + 2.1% Few reforms + 1.6% No reform + 24.5% In other words, it’s right to complain about the lack of progress in large parts of Latin America if you simultaneously complain about the fact that few Latin American countries have reformed seriously. johannorberg.net

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