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

Violence Is Inherent in Prohibition, Not the Drug Trade

By Adam Bates. Richmond Times-Dispatch. July 8, 2017.

Mexican Drug Violence Only Getting Worse

By Ted Galen Carpenter. American Conservative. July 6, 2017.

Hyperinflation Usually Produces Hype, an Antidote in One Table

By Steve H. Hanke. Forbes.com. June 29, 2017.

Cato Studies

Kingpin Approaches to Fighting Crime and Community Violence: Evidence from Mexico’s Drug War

By Jason M. Lindo and María Padilla-Romo. Research Briefs in Economic Policy No. 31. July 29, 2015.

Retail Globalization and Household Welfare: Evidence from Mexico

By David Atkin, Benjamin Faber, and Marco Gonzalez-Navarro. Research Briefs in Economic Policy No. 30. July 15, 2015.

Growth without Poverty Reduction: The Case of Costa Rica

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

Articles

Venezuela Enters the Record Book: The 57th Entry in the Hanke-Krus World Hyperinflation Table

Steve H. Hanke and Charles Bushnell. Studies in Applied Economics. No. 69. December 2016.

Argentina’s Fall From Grace

Steve H. Hanke. Liberty. July 2011.

Marching against Hugo Chávez

Cato's Letter. Yon Goicoechea. Cato.org. Vol. 6. No. 3. Summer 2008.

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

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

Events

Brazillionaires: Wealth, Power, Decadence, and Hope in an American Country

Featuring Juan Carlos Hidalgo. September 13, 2016. Book Forum.

Colombia: Peace at Any Price?

Featuring Juan Carlos Hidalgo. March 30, 2016. Policy Forum.

Narconomics: How to Run a Drug Cartel

Featuring Juan Carlos Hidalgo. March 2, 2016. Book Forum.