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


Is It Time to Cut U.S. Losses in Venezuela?

By Ted Galen Carpenter. Real Clear World. June 19, 2019.

Venezuela Shows Why Socialism’s Failure Still Matters

By Chelsea Follett. National Interest (Online). May 9, 2019.

Military Force Will Not Achieve U.S. Objectives in Venezuela

By Doug Bandow. National Interest (Online). May 8, 2019.

Cato Studies

The Mirage of Transition in Cuba

By Antonio Rodiles and Erik Jennische. Economic Development Bulletin No. 30. June 27, 2018.

Was Buenos Aires the Beginning of the End or the End of the Beginning? The Future of the World Trade Organization

By James Bacchus. Policy Analysis No. 841. May 8, 2018.

Corruption and the Rule of Law: How Brazil Strengthened Its Legal System

By Geanluca Lorenzon. Policy Analysis No. 827. November 20, 2017.


Venezuela’s Hyperinflation, 29 Months and Counting

Steve H. Hanke. inFocus Quarterly. Spring 2019.

Measuring Venezuela’s Hyperinflation

Steve H. Hanke. Central Banking. March 2018.

On Measuring Hyperinflation: Venezuela’s Episode

Steve H. Hanke and Charles Bushnell. World Economics. Vol. 18. No. 3. July 2017.

Public Filings

Venezuela’s Tragic Meltdown

By Steve H. Hanke. Testimony. March 28, 2017.

Strengthening Social Security: Can We Learn from Other Nations? Social Security Reform in Chile

By L. Jacobo Rodríguez. Testimony. May 18, 2004.

Argentina’s Current Political-Economic Crisis

By Steve H. Hanke. Testimony. March 5, 2002.

Cato Reviews & Journals

78. U.S. Policy toward Latin America

Cato Handbook for Policymakers. Cato Handbook for Policymakers, 8th Edition (2017).

75. The International War on Drugs

Cato Handbook for Policymakers. Cato Handbook for Policymakers, 8th Edition (2017).

10. Relations with Cuba

Juan Carlos Hidalgo and Ian Vásquez. Cato Handbook for Policymakers. Cato Handbook for Policymakers, 8th Edition (2017).


What’s Next for Venezuela?

Featuring Luis Almagro, Maria Corina Machado, Pedro Urruchurtu, & Juan Carlos Hidalgo. July 19, 2019. Policy Forum.

The Challenge of Populism

Featuring Mario Vargas Llosa, Alvaro Vargas Llosa, Gabriela Calderon de Burgos, & Ian Vásquez. November 15, 2017. Joseph K. McLaughlin Lecture Series.

Crude Nation: How Oil Riches Ruined Venezuela

Featuring Raúl Gallegos, Gustavo Coronel, and Juan Carlos Hidalgo. October 24, 2017. Book Forum.