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Central America: Global Integration and Regional Cooperation

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  • Markus Rodlauer
  • Alfred Schipke
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    Abstract

    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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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 243.

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    Length: 146
    Date of creation: 14 Jul 2005
    Date of revision:
    Handle: RePEc:imf:imfocp:243

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    Related research

    Keywords: Statistics; Tax administration;

    This paper has been announced in the following NEP Reports:

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    Cited by:
    1. Eric Parrado & Luis Ignacio Jácome, 2007. "The Quest for Price Stability in Central America and the Dominican Republic," IMF Working Papers 07/54, International Monetary Fund.
    2. Abalkina, Anna, 2006. "Роль Многосторонних Банков Развития В Содействии Экономической Интеграции
      [The Role of Multilateral Development Banks in Promoting
      ," MPRA Paper 49967, University Library of Munich, Germany, revised 2006.
    3. Claudia Dziobek & Florina Tanase, 2008. "Institutional arrangements for producing macroeconomic statistics in countries subscribing to the Special Data Dissemination Standard (SDDS)," IFC Bulletins chapters, in: Bank for International Settlements (ed.), The IFC's contribution to the 56th ISI Session, Lisbon, August 2007, volume 28, pages 323-326 Bank for International Settlements.

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