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 regions low levels of economic freedom have both spurred entrepreneurs and undermined their productivity.
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.