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November 17, 2007

Golden Years for Latin America

The American's Duncan Currie chronicles what has been a remarkable past several years for Latin America:

In many ways, the past half-decade has been a remarkably encouraging period for Latin America, both politically and economically. Most governments have upheld the institutions of democracy and embraced responsible fiscal policies. “Economic management has really never been better,” says Peter Hakim, president of the Inter-American Dialogue. “Democratic politics is really very healthy in Latin America. This is a good period for the region.” . . .

“In some ways, Latin America has never had it better,” former Clinton administration official Eric Farnsworth said in a speech last month. “Economic growth across the region is at historic highs, particularly in nations that export natural resources and primary products in agriculture, energy, and mining. Even the so-called populists speak in the language of fiscal restraint, low inflation, and attracting foreign investment,” said Farnsworth, who now serves as vice president of the Council of the Americas. “Democracy across the region requires nurturing but it is largely secure, and human rights have never been more respected.” . . .

Curriie argues that for a Congressional refjection of a free trade pact with Colombia would be a terrifble signal and a colossal blunder. He's right.

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