The institutional and technological environment for the current debate on a new policy agenda

This part of the book –chapters VI and VII– is devoted to policy issues related to the features of the Latin American economic model identified in previous chapters. If the long-term sustainability and political legitimacy of the current growth paradigm are to be maintained, labour productivity has to grow faster and the benefits of the transition to a more open, deregulated economy need to be better distributed among the various groups in society. The invisible hand has already done its share. Countries must now complement that process with the visible hand of Government and the synergies of collective action on the part of civil society.

Related Subject(s): Economic and Social Development
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