United States, Dec. 11 -- Latin America and the Caribbean could raise GDP per capita by 11% and reduce inequality by 6% by making markets more competitive, according to a new report by the Inter-American Development Bank (IDB).The flagship report, "Markets for Development: Improving Lives through Competition," shows that limited competition and high market concentration across the region's economies weakens growth, suppresses wages, and keeps firms small and informal. Drawing on a new cross-country dataset of competition indicators, the study finds that stronger, fairer markets are critical to unlocking productivity and opportunity. The report was launched today at the IDB's headquarters in Washington, as part of its "Development in the Ame...