Most Latin American and Caribbean (LAC) countries have grown richer over the last decade. Yet in terms of productivity — the main driver of long-term growth — the region is failing to keep pace. Improving productivity is key, especially in services, according to a new paper co-authored by Fernando Vargas. Every year the service sector contributes more and more to LAC economies, but low productivity has long hindered progress. Across several fronts, the challenges and opportunities ar...