The interplay of macro- and microeconomics / Gert Rosenthal. -- Economic policy, institutions and productive development in Latin America / Osvaldo Rosales. -- Systemic competitiveness: a new challenge for firms and for government / Klaus Esser, Wolfgang Hillebrand, Dirk Messner and Jörg Meyer-Stamer. -- Education in basic skills and training for productive work / Guillermo Labarca. -- Social investment funds in Latin America / Gabriel Siri. -- Water rights markets: institutional elements / Miguel Solanes. -- The Caribbean countries and the Free Trade Area of the Americas / Trevor Harker, Sidya Ould El-Hadj and Lucio Vinhas De Souza. -- The Argentine experience: development or a succession of bubbles / Hugo Nochteff. -- Potential and limits of health management reform in Chile / Ana Sojo.