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.
While global trade in services is booming, most Latin American countries continue to export basic goods. Here’s what Panama and Costa Rica did to catch up. Other countries should follow.
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.
Even in Latin America, a region often thought to share the same democratic orientation and values of the U.S. and Europe, there are some striking differences among groups of countries regarding supporting norms and practices on human rights internationally, with some countries lining up more with autocratic countries of the Global South.