Source: Foundation for Economic Education
by Pedro Urso
“The persistence of underdevelopment in Latin America cannot fully be explained solely by external factors, colonial legacies, or unfavorable cycles in the international economy. While these elements have played a significant role throughout history, it has become increasingly evident that the main obstacles to the region’s sustainable development lie in the fragility, capture, and dysfunctionality of its institutions. If the countries of this region intend to break with its history of low growth, inequality, and instability, the first step is to correct their political, legal, and economic institutions.” (01/15/26)