In limited but important ways, Washington can positively influence economic policy in Latin America. At a time when some countries in the region have seen the rise of populist governments, political turmoil, and a general backlash against free-market reforms that were partially implemented in the 1990s, the United States should exercise its influence by opening its market to the region’s goods and by encouraging market reforms.

More on Latin America and Caribbean


Venezuela: No Rule of Law, Bad Money

By Steve H. Hanke. Globe Asia. May 26, 2015.

No Cigar: Obama’s Cuba Critics Are Dead Wrong

By Ted Galen Carpenter. National Interest (Online). April 17, 2015.

Obama’s Plan at the Summit of the Americas

By Juan Carlos Hidalgo. April 9, 2015.

Cato Studies

Growth without Poverty Reduction: The Case of Costa Rica

By Juan Carlos Hidalgo. Economic Development Bulletin No. 18. January 23, 2014.

Undermining Mexico’s Dangerous Drug Cartels

By Ted Galen Carpenter. Policy Analysis No. 688. November 15, 2011.

Trade Agreement Would Promote U.S. Exports and Colombian Civil Society

By Juan Carlos Hidalgo and Daniel Griswold. Free Trade Bulletin No. 44. February 15, 2011.


Should Latin America Worry About a Weak Dollar?

Steve H. Hanke. Latin America Advisor. June 2, 2003.

Cato Reviews & Journals


The Global Village Myth: Distance, War, and the Limits of Power

Featuring Justin Logan. May 26, 2015. Book Forum.

Toward a New Era in U.S.-Cuba Relations

Featuring Juan Carlos Hidalgo. February 5, 2015. Policy Forum.

Argentina v. Holdout Creditors: Applying the Rule of Law to Resolve Debt Default

Featuring Juan Carlos Hidalgo. December 11, 2013. Policy Forum.