Other centers assume Latin America mostly as recipient of reforms. At CAROLA, we want to also focus on local innovations and experiments in Latin America, and consider how they might offer lessons to peer countries and to the United States. We seek to promote a robust transnational analysis that looks critically not only at Latin American institutions but also at those in the United States, so that we can learn from broad-based experience throughout the Americas.
Our work is organized around markets. Formal markets, informal markets, and illegal markets. At CAROLA we believe that the key to triggering enduring change lies in understanding the role of law in markets. Legal rules establish incentives and allocate resources and power all around us, and are thereby key to the success of policies that can improve the lives of individuals. What we do, and our scholarly and policy interventions in the Latin American context, is informed by this vision.