The most important factor adversely affected by the lack of structural reforms in Latin America is:

Question

Quizplus · Accepted Answer

The lack of structural reforms in Latin America inhibits the growth of potential real GDP by preventing the necessary changes to improve the efficiency and productivity of the economy. Without these reforms, the region will struggle to increase its long-term growth potential and reduce poverty and inequality. Inflation, G and T, corruption, and oil prices are all important factors for economic development, but they are not as adversely affected by the lack of structural reforms as potential real GDP growth.

The Most Important Factor Adversely Affected by the Lack of Structural