The gray market thrives in Brazil, where the informal economy generates nearly 40 percent of the national income. Many companies don’t pay their taxes and ignore regulations, thereby gaining an unfair advantage over their law-abiding counterparts while hurting the nation’s productivity. Brazil’s onerous bureaucracy is partly to blame: burdensome regulations, high taxes, and weak enforcement conspire to encourage evasion because the benefits outweigh the relatively … [ Read more ]
Content: Article | Authors: Heinz-Peter Elstrodt, Joe Capp, William B. Jones Jr. | Source: McKinsey Quarterly | Subject: International – Americas
Business plan competitions are a powerful way to help nonprofits turn ideas into sustainable commercial ventures.
Content: Article | Authors: Anamaria Schindler, Andréa C. Waslander, Heinz-Peter Elstrodt | Source: McKinsey Quarterly | Subjects: Entrepreneurship, Nonprofit | Industry: Non-Profit
In Latin America, macroeconomic reform isn’t enough: sustained growth can be achieved only by removing microeconomic barriers to productivity as well.
Editor’s Note: a very interesting application of economic analysis that will be of interest to those interested in international business, country competitiveness, and/or economics.
Also check out “Don’t Cry For Argentina” at:
Content: Article | Authors: Eduardo Urdapilleta, Heinz-Peter Elstrodt, Pablo Ordorica Lenero | Source: McKinsey Quarterly | Subjects: Economics, International – Americas
Family-owned businesses are the backbone of the economies of Latin America and of most other emerging markets. But many such businesses are finding it hard to compete with the global scale, focused strategies, cutting-edge management practices, and deep pockets of multinational companies. The take-away: To survive and thrive, family-owned businesses need governance models that can prevent family squabbles from spilling over into the business while … [ Read more ]
Content: Article | Authors: Heinz-Peter Elstrodt, Jose M. Barra, Luis F. Andrade | Source: McKinsey Quarterly | Subject: International – Americas