Global Integration and Growth in Honduras and Nicaragua

Manuel Agosin

No DP2001-31, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper discusses the experience with opening up to the global economy of two small Central American countries, Honduras and Nicaragua. They have both strengthened democratic processes and reduced defence expenditure dramatically. Both have liberalized their trade régimes in the context of regional integration within Central America and have encouraged foreign direct investment and investment in export processing zones. Nicaragua has made considerable progress toward macroeconomic stability.

Keywords: Economic policy; Public expenditures; Globalization; Macroeconomics; Sustainable development (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2001-31

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