For the countries in Latin America that have entered into a period of long-term macroeconomic stability, a different type of reform will be needed to draw positive international headlines. Creating a more conducive environment for infrastructure investment, through strengthening legal frameworks and combating corruption, will undoubtedly help to differentiate the outperformers at this cross-roads facing Latin America today.
When I consider the questions I frequently come across, I often advise my interrogators (and myself) to be patient. Change is underway in Latin America, and the most persistent markets will undoubtedly amass the greatest benefit. As Paulo Coelho once wrote, patience is important – “it makes us pay attention”.
Armando Senra, Blackrock Head of the Latin America & Iberia Region, wrote this post for The Blog. A version of this post first appeared on the World Economic Forum’s Blog