Introduction: can Latin America compete? -- The macroeconomic environment of competitiveness. -- Coveting human capital: is Latin American education competitive? -- Competitive capital markets: Brazil's capital markets finally maturing. -- Consumer and small business credit: Building blocks of the middle class. -- Closing the technology gap. -- Fostering innovation: Technological innovation in urban clusters. -- Not all infrastructure is created equally: Learning from the best practices and stunning failure of Latin American water infrastructure. -- Logistics: the software that drives an economy. -- Legal reform: some emerging paradoxes of Latin America's legal and judicial reform movement. -- Property, the rule of law, and development in the Americas. -- Tax reform: Tax policy, reform, and competitiveness in Latin America. -- Labor reform: undercompetitive economies and unprotected workforce. -- Regulatory reform: increasing competitiveness through regulatory and investment climate improvements in Latin America; the case of Mexico. -- Public safety: the cost pf living dangerously. -- Conclusion: lessons learned and looking forward.

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