Gustavo Ballvé on April 18th, 2012
Corporate Governance, Food for thought, Home, Portfolio Management, Risk management

Recent events in Argentina had the effect of returning security of contract and legal structures to the minds of investors in Latin American assets. I’ve just read an article at Project Syndicate called “Why Brazil broke loose“, which argues – correctly – that Brazil’s recent progress was not due to improvements in its legal structure or major improvements in the security of contracts. More importantly, it diagnoses that these things will have to improve if we are to reach the “next level”. While infrastructure is also vital, again the Argentina example highlights security of contract as just as vital and sometimes forgotten.

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