After a euphoric decade, reforms to consolidate recent gains and confront challenges ahead are needed. Are Latin America’s economic fortunes changing? Over the last decade, policymakers and the general public became used to good news from this lively continent. Latin America was abuzz with optimism, buoyed by strong growth and rising incomes.

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Latin America’s future as a region of innovation will be far from secure if investment in research and development (R&D) continues at current low levels.

©Reuters/Stringer Mexico

Nearly two decades ago, in May 1994, Mexico became the first Latin American country to join the OECD. Not long after, in 1996, the secretary general of the OECD at the time, Jean-Claude Paye and the then Mexican minister of foreign affairs and current secretary-general, Angel Gurría, opened the OECD Mexico Centre. Initially, our job was to promote OECD publications in Mexico and throughout Latin America. But that mission has grown since, to include “disseminating, promoting and making accessible better policies, to governments, economic and social actors throughout Latin America, for better lives of their citizens”. 

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