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

Venezuela’s PDVSA: the World’s Worst Oil Company

By Steve H. Hanke. Forbes. March 6, 2017.

Higher Oil Prices Alone Won’t Rescue failing Petro-States Like Venezuela

By Peter Kaznacheev. City A.M.. March 1, 2017.

End To “Wet Feet, Dry Feet” Is Good for Communist Cuba, Bad for Freedom.

By Alex Nowrasteh. Huffington Post. January 18, 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.

Why Argentina Did Not Have a Currency Board

Steve H. Hanke. Central Banking. Vol. 18. No. 3. February 2008.

Cato Reviews & Journals

U.S. Policy toward Latin America

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

The International War on Drugs

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

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.