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The book concerns Latin America and the Caribbean and has 461 pages, 3 parts and 11 chapters. The book notes the ever growing income per capita gap between the typical country of the Latin America and Caribbean region and advanced countries like the US, acknowledges diminishing total factor productivity (TPF) in the region as the cause of the increasing gap, proposes rethinking productive development policies (PDPs) as a way out to enhance productivity, and emphasizes institutions as the appropriate environment or framework to conduct PDPs.