A small problem there. Data is outdated.
It is true that up to the 70s Latin American countries had very close economies and they had the model of replacement of imports.
That's not true anymore. Today, countries like Chile have economies that are more open than the U.S.
Corruption has also descended quite a bit.
There are still problems, though, but the idea that Latin America is doomed because some "genetical" reason is false.
Now, for you, "Ponce", if you don't know, I have to say the following. Peru is doing a good as well. Today is the country in the region that grows faster and that country is embracing a more liberal model. I bet in the long term they will do very well.
Edited by pinguin - 10-Dec-2007 at 21:20