A long slump in commodity prices is forcing commodity exporters around the world to reshape their economies. For some Latin American nations, adjusting to reality means getting back to basics.
Top economic officials from the region are trying to refocus attention on underlying overhauls through infrastructure, education, tax policy and regulatory changes to ease business. “Growth by commodity prices going up, it’s nice, but it’s not permanent,” said Ilan Goldfajn, governor of the central bank of Brazil. “So you need to do reforms that increase productivity.”.......................................Full Article: Source
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