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Friday, August 12, 2005

The Post-CAFTA Challenges

Marcela Sanchez:

Earlier this month President Bush triumphantly celebrated Central America's success, promising that the Central American-Dominican Republic Free Trade Agreement he was signing that day would only help further... progress. Freer societies brought about by agreements such as CAFTA, he said, will help "eliminate the lawlessness and instability that terrorists and criminals and drug traffickers feed on."

Yet free trade won't be enough to create stability in Central America. A free flow of goods and services won't wipe away gang warfare or eliminate organized crime. In fact, if anything, transnational criminal activities would seem to thrive in a more open borders arrangement. And even more to the point, it is hard to think that many new U.S. investors will flock to the region as long as its security situation is what it is today.

This seems precisely the right time to recognize that for all the promises made, there are great challenges still ahead for the new trade partners.

3 Comments:

Blogger C R Mountjoy - GDF said...

You know what group is really going after CAFTA, the NEA. It's unbelievable!

8/12/2005 4:14 PM  
Anonymous Anonymous said...

Flawed as Cafta may be, not having Cafta is an absolute disaster. Cafta is progress. Not having Cafta is the ultimate victory of the Castro Chavez axis into the communist dark ages. It's better to have Cafta than not have Cafta.

Now let's progress some more.

8/15/2005 1:38 AM  
Blogger Thomas said...

One of the biggest obstacle to progress in Central America is rampant and unbridled corruption. American businessmen will find it surprisingly difficult to navigate the unwieldy, corrupt regulatory process.

Question: Why no more trackbacks on your site?

8/15/2005 8:46 AM  

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