report features statistical profiles of regional and national economic performance, as well as year-by-year consolidated data for the past decade on population, national accounts, central government finances, balance of payments and external debt.The expanded 1996 Report offers a much wider and more articulated vision of Latin America's achievements, trends and weaknesses. It begins by assessing and comparing recent macroeconomic trends in the 26 countries of the region. The central issue is the challenge posed to growth by declining domestic savings, unstable capital flows, fragile financial sectors, and political uncertainty.The second section uses abundant country-by-country data to review structural reforms that have opened and modernized economies throughout the region. The analysis compares reforms in such areas as trade, tax legislation, financial liberalization, and labor and social security programs.This year's Special Section examines the critical role of human capital in balancing economic growth and social equity. The section focuses on the organization of social services, demonstrating how the structure of incentives and the interaction of government, providers and clients affect performance in health and education.

Hide more