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.
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.
Since 1919, Panama’s economy has thrived on shipping and banking laws that shielded those who wanted shelter. With the revelations of the Panama Papers, can a reform-minded president deliver transparency without undermining the country’s economy?