Can Latin America Compete?: Confronting the Challenges of by Jerry Haar, John Price (eds.)

By Jerry Haar, John Price (eds.)

Can Latin the United States compete? Many argue that the macroeconomic and alternate reforms of the Nineties only positioned a good-looking coat of paint over schooling, labour, judicial, and administrative reforms that stay incomplete. This publication identifies ten components that almost all effect the competitiveness of Latin American international locations and may form their monetary futures.

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Multilatinas: Latin America’s Great Race,” Strategy ϩ Business, Fall 2003, 1–12; Fernando Robles, Françoise Simon, and Jerry Haar, Winning Strategies for the New Latin Markets (Upper Saddle River, NJ: Financial Times/Prentice Hall, 2003); Jon I. Martínez, José Paulo Esperança, and José de la Torre, “Organizational Change among Emerging Latin American Firms: From ‘Multilatinas’ to Multinationals,” Management Research 3, no. 3 (Fall 2005): 175–188. 2. Market Indicators, Economist Intelligence Unit.

The exodus of the professional classes, even at a steady trickle, costs the region billions of dollars in lost productivity and wealth each year. With weak rules of law and limited economic opportunity, the outlook on improved public safety in the Americas is not a promising one. A major exception is Colombia where large city mayors and, especially, President Alvaro Uribe have implemented strong and just law-and-order initiatives that have reduced crime and increased feelings of citizen approval of their governmental bodies.

It is estimated that only 10 percent of the region’s customs operations are automated, which helps explain why, for the average shipment, delays and bottlenecks in customs account for 20 percent of transit time and 25 percent of overall transit costs. Governments are realizing that outdated customs procedures are putting them at a competitive disadvantage and are therefore taking measures to streamline processes. In Febuary 2006, for example, UPS signed a groundbreaking agreement with the government of El Salvador to expedite the shipment of most goods crossing the country’s borders.

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