Latin America - Governance Antony Mueller The Continental Economics Institute www.continentaleconomics.com.

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Presentation transcript:

Latin America - Governance Antony Mueller The Continental Economics Institute

Why has Latin America fallen behind? Y = f (N, L, K, T, E, G,...) Y = f (N, L, K, T, E, G,...) Nature Nature Labor Labor Capital Capital Technology Technology Entrepreneurship Entrepreneurship Governance Governance

Do these things matter? Exploitation Exploitation Slavery Slavery Religion Religion Race Race Geography Geography Climate Climate

Latin America – Relative Position With whom to compare? With whom to compare? By what criteria? By what criteria? Economics of Happiness Economics of Happiness Family Structures Family Structures Non-Economic Values Non-Economic Values Poverty Poverty Ambition Ambition

Latin America and Globalization Competitive Products Competitive Products Labor Costs Labor Costs Labor Quality Labor Quality Capital Structure Capital Structure Agriculture – Industry - Services Agriculture – Industry - Services State and Bureaucracy State and Bureaucracy Property Rights Property Rights

Integration Trade Integration Trade Integration Capital Mobility Capital Mobility Labor Mobility Labor Mobility Transfer of know-how Transfer of know-how Currency Arrangements Currency Arrangements Regional By-Stand Agreements Regional By-Stand Agreements Rivalry Rivalry

Education Primary and Secondary Education Primary and Secondary Education Elitism Elitism Universities Universities Research and Development Research and Development Scientific Creativity Scientific Creativity Entrepreneurial Creativity Entrepreneurial Creativity Creation - Imitation - Transformation Creation - Imitation - Transformation

Governance Transparency Transparency Exit and Voice Exit and Voice Trust Trust Reliability Reliability Corruption Corruption Meritocracy Meritocracy Legal System Legal System

Where to begin? Role of New Media Role of New Media Gobalized Information Gobalized Information Communication and Transportation Communication and Transportation New Partnerships New Partnerships Shifting Power Structures Shifting Power Structures Opportunities Opportunities Challenges Challenges

Europe – USA – Japan - BRICs Old Europe Old Europe New Europe New Europe Latinization of USA? Latinization of USA? Ageing Japan Ageing Japan Brazil – Russia – India – China Brazil – Russia – India – China Challenges and Chances for Central America and Caribbean Challenges and Chances for Central America and Caribbean