Crime Hinders Latin American Development
Miriam Liddle  |  by uicifd.blogspot.com. All rights reserved. 6.11 | 20:41

Sources: International Herald Tribune, ; Financial Times, ; USAID/Guatemala News, ; Inter-American Development Bank, .

The World Bank confirmed on October 16 that one of the biggest development challenges that Latin American and the Caribbean still currently face is violent crime. Due to a homicide rate more than twice the world average, the United States Agency for International Development (USAID) claims that business associations have identified crime as the largest deterrent to private investment in Latin America.

Instead of focusing on conducting normal business operations, companies are forced to spend additional money and resources on security for both their employees and their property. These expenditures can dramatically increase the overall costs of doing business.

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Keywords: American Development, Latin American
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