Nonetheless, MBDA recognizes that while minorities account for 30 percent of the population, minority firms constitute only 15 percent of all businesses and employ only 4 percent of the nation’s employees, generating 3 percent of U.S. business revenues. These numbers reflect the fact that minority-owned businesses tend to be in non-asset-based industries, such as service, construction, finance, real estate, and insurance.
The most general statement is that many of the economies of Latin America have adopted more prudent and open policies that foster competition and participation in global markets. The adoption of these improved policies did not come out of thin air.