Most people don’t view Latin America as a hub for innovation, and the region has done little to buck that reputation. With most countries’ finances in a state of disrepair, spending on research and development is set to fall below already anemic levels. According to this study from the Economist Intelligence Unit, steps toward liberalizing trade and strengthening structural reforms in some countries won’t be enough to lift the area’s progress, compared to other emerging market zones. getAbstract recommends this illuminating article to policy makers, economists, analysts, and others interested in economic trends in Latin America.
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The Economist Intelligence Unit is an independent research and analysis organization.