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Volume 14  Number 1  •  Summer 2009
All Issues:  

Entrepreneurship and Growth
A Latin American Paradox?
By Juan Pablo Couyoumdjian, Cristián Larroulet
This article appeared in the Summer 2009 issue of The Independent Review

Latin America has high levels of entrepreneurship but only mediocre rates of economic growth, which by most accounts is a paradox. The paradox vanishes when one grasps that the region’s low levels of economic freedom have both spurred entrepreneurs and undermined their productivity.

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