Center director Edmund Phelps and Center member Juan Vicente Sola have published a new piece in Project Syndicate: "What’s the Matter with South America?"
Though it is unclear which caused which, they argue that there is no doubt that South America's embrace of traditional values and corporatism has prevented it from reaching its economic potential. Whether the region can achieve prosperity in the future will depend on its willingness to stop worrying and learn to love free enterprise.
Click here for a link to the piece.
