Latin America Is Avoiding the Obvious Need for Reform. Why?

By Mauricio Cárdenas

A fear of protests and a lack of external pressure have frozen political leaders so far.

Since nearly the start of the COVID-19 pandemic, economic and political analysts have seen an urgent need – and opportunity – for Latin America to pursue reform The argument is simple: The aftershocks of the current crisis will be devastating and long-lasting unless the region takes steps now to strengthen its labor markets and improve fiscal sustainability That means taking advantage of unusual political circumstances to rally support for difficult decisions that have been put off for far too long A failure to act would risk turning COVID-19 into the preamble to another lost...

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