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Special Report: How to be small and successful in Latin America (ISSN 17414474)
What is the evidence for faster growth?
While the limitations of GDP as a measure of wellbeing are noted, it is still relevant to ask whether there is evidence that the group we have described as Latin America’s small and successful really has outperformed. We chose the annual change in gross national income (GNI) per capita, expressed in US dollars, as the most appropriate indicator, since it accounts for growth in income net of population change. The World Bank has GNI data series going back to the 1960s, but unfortunately there are some gaps. There are no data for Costa Rica from 1991-2007. In addition there are no data for Brazil (part of our Latin America’s ‘big and struggling’ country group) and no data for El Salvador (part of Latin America’s ‘small and failing’ country group) before 1990.
- Introduction
- The global role of small countries
- What is the evidence for faster growth?
- Panama background
- Panama’s political context
- The performance debate about Panama
- Costa Rica background
- Costa Rica’s political context
- The performance debate about Costa Rica
- Uruguay background
- Uruguay’s political context
- The performance debate about Uruguay
- The Competitiveness debate
- Doing business
- Corruption
- Conclusion