Central America: Perspectives and Future

Central America is blessed with natural resources and has a population of approximately 35 million people.

Wednesday, September 17, 2008

Nonetheless, poverty is a merciless scourge. 50% of Guatemala's population is in the poverty threshold. Nicaragua is the second poorest country in the Americas, surpassed only by Haiti. 8 out of every 10 Nicaraguan live on less than $2 per day, and 48% are below the poverty line. Honduras barely does better than Haiti and Nicaragua.
Since the end of the armed conflicts and political instability in the 80's, democracy has flourished in most of the country and CAFTA was seen as an opportunity to help the region make progress by selling its products in the huge American market. Despite critics from the left in Central America, the Agreement was signed a the executive level in 2003 and later ratified by their various congresses. Only Costa Rica held a referendum on the matter; it passed with 51% approval.

More on this topic

The Failure of Government Social Spending

January 2012

Poverty in Costa Rica has not fallen below 20% in two decades, confirming the validity of the adage "instead of giving fish, teach people to fish."

The liberal idea that instead of supporting the poor with large and ineffective welfare programs, it is better to give them the means to improve their lives themselves, remains in force, and a good example of the ineffectiveness of the welfarism practiced by the traditional political class is the "bloated welfare state" of Costa Rica, argues Juan Carlos Hidalgo, project coordinator for Latin America at the Cato Institute.

The Country which Fell Asleep

December 2010

Costa Rica fell asleep at the wheel, and is now the Latin American country where poverty increased the most between 2008 and 2009.

While in most Latin American countries poverty rates fall, Costa Rica shares with Mexico and Ecuador the dubious privilege of seeing an increase.

Environmentalism vs. Poverty

July 2014

Avoiding the generation of power using fossil fuels is a necessary goal, but alleviating the energy poverty in which millions of Central Americans find themselves is a priority.


Bjorn Lomborg's article published in Laprensagrafica.com analyzes the difficult choice between taking measures to prevent global warming, and facilitating the use of cheap fossil fuels -carbon- for 1,200 million poor people in the world.

Environmentalism at the Expense of Poverty

March 2014

Current policies against global warming are generating higher energy costs hurting the poorest in particular.

An article by Bjørn Lomborg, published in Nacion.com, notes that "Energy generation using solar and wind power received $6o billion in grants in 2012 alone. This means that the world spent $60 billion more on energy than was necessary.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

U.S. Commercial Service - Servicio Comercial - Embajada E.E.U.U.

Promotion of U.S. products and services
Operates in Costa Rica and United States of América
Phone: (506) 2519-2200

Company Profile

Stock Indexes

(Oct 27)
Dow Jones
S&P 500


(Oct 27)
Brent Crude Oil
Coffee "C"