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Otaviano Canuto: Brazil, South Korea – Two Tales of Climbing an Income Ladder

The “middle-income trap” has captured many developing countries: they succeeded in evolving from low per capita income levels, but then appeared to stall, losing momentum along the route toward the higher income levels of advanced economies (Gill & Kharas, 2007,

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Brazil’s Economic Crossroads: Which Path Will It Choose?

Latin America’s largest economy entered the pandemic before it could heal from its worst recession in decades. First appeared at Americas Quarterly By Otaviano Canuto As the pandemic unfolds, Brazil is paying a huge human cost, with the number of

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EY on COVID-19 Pandemic: An Opportunity for Reinvention of Family Enterprises

Family businesses and SMEs face great challenges, as well as personal and financial losses, in these turbulent times. On the flip side of the coin, the COVID-19 pandemic can also be seen as an opportunity to rethink business models and

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A Question of Balance Finds Fine Solution with Fiduciaria Central

From its headquarters in Bogota and Medellin, Fiduciaria Central works to build trust and reach the goals of its clients — Colombian nationals and foreign investors — always with the intent to stimulate the socio-economic development of Colombia. Fiduciaria Central

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CMI: One Century Promoting Progress & Development in Latin America

For a company about to celebrate its 100th anniversary, one can assume that many things have changed and evolved. So it is for Corporación Multi-Inversiones (CMI) as it approaches its first century in business, but one thing has not changed:

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Ann Low, US Department of State: Combat Corruption by Enabling Tax Payment – El Salvador Case Study

In May 2016, the US Department of State funded a project in El Salvador’s third-largest city, Santa Ana, to discover whether incentives for business registration and enabling tax payments could reduce corruption and rebuild trust in government. Two years later,

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Chile Minister of Economy, Development, and Tourism José Ramón Valente: Escaping the Middle-Income Trap

Early in November, the International Monetary Fund (IMF) paid homage to Chile’s economic resilience and progress. It lavished praise on the country for its willingness to embrace the structural reforms with which the administration of Chilean President Sebastián Piñera aims

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Alexandria Ocasio-Cortez: Young Congresswoman Refuses to Play Nice

It takes the gumption of a hero to identify as a socialist in the United States, and something of a miracle to get elected to public office under a red banner. But that is what 29-year old Alexandria Ocasio-Cortez has

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Book Review: The Neighborhood by Mario Vargas Llosa

Missed Opportunity These are not the best of times for Peruvian novelist and Nobel laureate Mario Vargas Llosa. A liberal on continent mostly ruled by demagogues who pay lip service to whatever ideology is in vogue, the writer has sought

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EY: Argentina – Aspects of the Labour & Social Security Reform

A labour and social security reform bill has been recently sent to the Argentine Congress. In general, proposed amendments represent material changes to current regulations and introduce new concepts. Although the government has the support of the main labour unions,

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