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Friday, February 24, 2006

Progress in Latin America

Mary Anastasia O'Grady (WSJ subscription):

Any serious analysis of Latin America has to recognize that a number of countries in the region are, in fact, making important progress, and it has nothing whatsoever to do with U.S. "attention."

It is due, instead, to heavy lifting in domestic politics. There is even an argument to be made that by stepping back, the Bush administration has encouraged a long-overdue maturation process of Latin governance. Consensus is developing and thankfully it is not a "Washington consensus..."

Brazil and Colombia are two examples. Their two leaders are notably different in style and outlook, but both countries have sophisticated business communities eager to engage internationally. Both also have a large underclass with entrepreneurial instincts and talents. These "special interests," fed up with inflation, over-regulation and high taxes, are what's driving the restructuring of the political economy.

Update: This article is availabe free of charge from HACER.ORG.

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