Foreword 3

Executive summary 4

1 Context setting 5

1.1 Methodology 5

1.2 Problem definition 5

1.3 Focus areas 5

2 From resource endowment to value generation 8

2.1 The region possesses significant reserves 8

2.2 Endowment is not yet translating into full value generation 10

2.3 Catalysing greater value generation may require stronger regional collaboration 11

3 The case for regional collaboration 12

3.1 Latin America has complementary strengths 12

3.2 Regional collaboration can strengthen the region’s competitiveness 12

3.3 Mechanisms for collaboration already exist 14

4 Solution case studies 15

4.1 Infrastructure 16

4.2 Technology and innovation 23

4.3 Financing 25

4.4 Policy 27

4.5 Social impact 28

4.6 Talent 29

Conclusion 30

Appendix 31

Contributors 35

Endnotes 36