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Regional Integration in Latin America (Interview)


Despite Latin America's recent progress in creating greater financial stability, the ratio of investment to GDP is the lowest of any emerging market region, productivity growth remains disappointing, and human capital formation lags behind that of high-growth emerging regions. For most Latin American countries, the burdensome microeconomic environment for investment is a major impediment to overcoming these challenges.

In this video, Center for Global Development visiting fellow Nancy Lee suggests a fresh approach to regional integration in the form of a regional investment agreement. The idea is a collective effort to set common standards for reducing specific barriers to domestic and foreign investment, similar to standards set in trade agreements for lowering trade barriers.