What kind of structural reforms should Latin American countries promote in order to encourage more foreign...

What kind of structural reforms should Latin American countries promote in order to encourage more foreign direct investment and promote sustained economic growth?

Expert Solution

Some of the crucial structural reforms the Latin American countries that companies must execute include regional integration in addition to the promo of reliability and confidence, which boosts the reforms' success. The Latin American countries need to put more efforts in promoting regional trade and monetary connections to promote the development and promoting social achievements. Continual development in commodities has actually been important in minimizing the level of hardship amongst the Latin countries. A more regional combination of trade would provide the country's chances to increase the effectiveness of competition, market size as well as supporting the growth of regional worth chains of products. The financial combination would likewise enhance the decrease of transaction costs along with improving risk-sharing. For that reason, the structural reforms consist of the local combination and sustaining growth of products that encourage foreign direct financial investment and promoting continual financial advancement and growth.

Rahul Sunny answered 1 hour ago

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