Central America: Global Integration and Regional Cooperation

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Central America: Global Integration and Regional Cooperation by Markus Mr. Rodlauer, Alfred Mr. Schipke, INTERNATIONAL MONETARY FUND
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Author: Markus Mr. Rodlauer, Alfred Mr. Schipke ISBN: 9781452734187
Publisher: INTERNATIONAL MONETARY FUND Publication: July 14, 2005
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Markus Mr. Rodlauer, Alfred Mr. Schipke
ISBN: 9781452734187
Publisher: INTERNATIONAL MONETARY FUND
Publication: July 14, 2005
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics.
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Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics.

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