Does the Investment Climate Matter?

Download or read book Does the Investment Climate Matter? written by Pablo Fajnzylber and published by World Bank Publications. This book was released on 2008-11-12 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic stability with an increased emphasis on microeconomic reforms. By providing empirical evidence linking actual firm performance to shortcomings in Latin America's investment climate, the book discusses policies that could have a significant impact on firm productivity by improving the environment in which firms invest and operate.