The report's recommendations include getting the region's macroeconomic framework in shape, investing better in infrastructure, and strengthening political parties. The Group of 30's think tank working group on Latin America said the region suffers a "governance deficit" that will require "deep and ambitious" political reforms, including at the center of government and legislative power. Mexico and Brazil are treated individually, with the former locked in a "growth paradox" where decades of macroeconomic stability and a sophisticated manufacturing sector have not yielded economic growth. Reuters GraphicsThe working group agreed there is no one action that could unlock output across the region, as even the countries that have a strong macro setup are suffering stagnant growth. Andres Velasco, project director of the G30 Working Group on Latin America, said "the opportunities are obvious" for the region as Latam can provide the world with water, food and clean energy.

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Persons: Leonardo Fernandez Viloria, Andres Velasco, we're, Rodrigo Campos, Chizu Organizations: REUTERS, America, Reuters, Thomson Locations: Caracas, Venezuela, Argentina, Ecuador, Chile, Colombia, Peru, Uruguay, Mexico, Brazil, America, West