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

Commentary

The Cuba Opening: American Foreign Policy Meets Reality

By Ted Galen Carpenter. National Interest (Online). December 18, 2014.

President Obama Right to Call for Trade with Cuba: Half Century of Failed Embargo Is Enough

By Doug Bandow. Forbes. December 18, 2014.

Socialist Policies Undoing Success of South America’s Strongest Economy

By Richard W. Rahn. Washington Times. December 15, 2014.

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.

Articles

Should Latin America Worry About a Weak Dollar?

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

Cato Reviews & Journals

Events

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.

Understanding Mexico’s Epidemic of Violence: Telling Stories with New Media, Technology, and Big Data

Featuring Juan Carlos Hidalgo. March 12, 2013. Policy Forum.