Lack of Human Capital is Holding Back Latin America`s Growth HTML File
(WorldNews Italy)

Colombian men transporting sacks of coffee. Lower levels of human capital and productivity are holding back Latin America`s growth. (photo: andresr/iStock by Getty Images) IMF Country Focus Lack of Human Capital is Holding Back Latin America`s Growth By Bas B. Bakker, Manuk Ghazanchyan, Alex Ho, and Vibha Nanda IMF Western Hemisphere Department August 13, 2020 In 1990, Latin America`s average GDP per capita was a little over a quarter of the United States` income level, while emerging and developing Asian countries` GDP per capita was only 5 percent. In 2019, Asian countries had grown fourfold, but Latin America was still at the same level. What explains this weak relative income growth?...