If Central America wants to get out of the middle-income trap it would do well to follow Uruguay’s lead and develop a focused, comprehensive industrial policy that builds on the region’s trade advantages.
Here is the text of the written answers on U.S. policy toward Latin America and the Caribbean Rex Tillerson submitted to the Senate for his confirmation hearing. The answers cover Mexico, the Colombia peace process, the opening to Cuba and human rights, and political prisoners in Venezuela, among other topics.
Access to the U.S. market and proximity have led to the development of an array of regional value chains in Central American economies. But with the right policies more can be done. Here are some examples.
Against grim economic news in Latin America, Central America is expected to grow by 4.3 percent this year. But that won’t be enough. Here’s how the region can grow further, leveraging its creative industries.
A week before the Donors’ Summit in San Salvador I was able to catch up with Kathy Hall of the Summit Foundation. In a wide-ranging interview she discusses the failures of governments in Central America to provide for the younger generation, the need for the U.S. to condition its assistance to local governments meeting their own commitments, and the moral obligation of donors to collaborate and ensure greater transparency.