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Between 2011 and 2017, the economy has grown on average 3.8% annually, while the LAC average is 1.7%

Between 2011 and 2017, the economy has grown on average 4.8% annually, while the LAC average is 1.7%

Between 2011 and 2017, the economy has grown on average 2.6% annually, while the LAC average is 1.7%

Between 2011 and 2017, the economy has grown on average 1.2% annually, while the LAC average is 1.7%

This paper analyses the development of financial markets in Argentina, Colombia, Mexico and Peru in the context of the middle-income trap. This is particularly relevant for these economies, since well-developed and properly-functioning financia…