This book analyzes recent labor market trends in Latin American countries and the factors that underlie the failure to create more-and more productive and rewarding-jobs, a failure with substantial political and social costs. The authors analyze how growth and job creation in the region's...

Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms' decision to enter, to expand if successful and to exit...