This report examines the environment for doing business in Perú following the far-reaching reform program instituted in 1990. It has never been easy to do business in Perú. This is a powerful reason why, amid such potential, Perú remains a poor and divided country. For business to flourish a...

The World Development Report 1994 (New York: Oxford University Press) demonstrates that infrastructure can support economic growth, reduce poverty, and make development environmentally sustainable. The economic returns on infrastructure investment and rehabilitation are high. In Latin America...

Utilities are characterized by three features: first, their required technologies are commonly considered specific, sunk investments; second, they display aspects of natural monopoly, including economies of scale and scope in the physical provision of basic services, economies of scale in...

Latin America has emerged from the lost decade of the 1980s with substantially transformed economies characterized by sounder fiscal policies (cuts in expenditures, increases in revenues through better tax administration and from the one-time proceeds of privatization), substantial deregulation...