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Publicado en: Libro

Economic Development in Central America. Vol. I: Growth and Internationalization

Felipe Larraín; Felipe Larraín (editor).

John F. Kennedy School of Government, Harvard University, 2001.

For decades, Central America has faced market dependency, natural disasters, and political systems characterized by protectionist policies and low levels of participation-situations that have had a tremendous impact on its economic development. This two-volume set is a comprehensive assessment of Central America’s position in the world economy and serves as a handbook for the important economic reforms it must undertake to become viable competitors in the international economy. The authors in volume one evaluate such issues as Central America’s unique contribution to the world market, trade and investment potential, the external debt problem, exchange rate policy, and the currency crisis. Recent macroeconomic trends shed light on Central America’s particular economic condition. The authors focus on the ways Central America can achieve sustained long-term economic growth through liberalization of trade and investment, diversifying exports products, taking full advantage of its unique geographical location, and becoming a part of existing and developing international agreements de dedicated to helping the region. Volume two discusses the implementation of specific structural reforms. Extensive research on the region and the evaluation of international models form the foundation for the innovative financial restructuring proposals presented. The authors argue that reforming fiscal policy, pensions, and financial markets is the basis for the transformational process. Better transportation and communication infrastructure, for example, increases Central America’s ability to move goods, people, and ideas. This volume addresses the relationship between economic growth and sustainability vis-à-vis the telecommunications sector, the energy sector, various social policies, and education.


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