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


Drug Money: Obama’s Reckless $1 Billion Payout to Central America

By Juan Carlos Hidalgo. National Interest (Online). February 18, 2015.

Watch out, America: Mexico May Be the Next Failed State

By Ted Galen Carpenter. National Interest (Online). January 29, 2015.

Obama: Try Something New

By Michael D. Tanner. National Review (Online). January 28, 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


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.

The Future of Freedom in Cuba

Featuring Ian Vásquez. March 19, 2013. Policy Forum.