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21 March 2010
LATIN AMERICA: Low Productivity Continues To Plague Region.
LAHT/ Continued low productivity is why Latin America's economies have not grown as quickly as East Asian countries and the developed world according to a study from the Inter-American Development Bank. A country in the region might have grown per-capita income by 54% since 1960 if productivity had increased like the rest of the world. Only Chile made greater productivity gains than the U.S. from 1960-2005.