Latin America: The World's Slowest Reforming Region

According to the World Bank's annual "Doing Business" report, Latin America is the world's slowest reforming region. The report's rankings are based on the level of friendliness to business of each country in the region. Some speculate that this poor progress is a result of changes in government by 13 countries in the region, however Latin America is falling further behind the rest of the world. This is not the case with all countries, as Columbia has made significant progress in facilitating trade. However, the World Bank did indicated in the report that progress may pick up within the next 15 months as the newly elected governments of those countries settle in. Here is the story: http://news.xinhuanet.com/english/2007-09/27/content_6798339.htm