Local Gains from Global Opportunities : Improving Central America's Investment Climate
Central America's economic performance in recent years has benefited from improved macroeconomic management, a favorable external environment, as well as rising investor confidence since the region has pursued greater access to global markets,...
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| Format: | Investment Climate Assessment (ICA) |
| Language: | English |
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Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/09/16262686/local-gains-global-opportunities-improving-central-americas-investment-climate http://hdl.handle.net/10986/7959 |
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okr-10986-7959 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AGRICULTURE AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BANKING SUPERVISION BENCHMARKING BUSINESS CLIMATE BUSINESS CYCLES BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS INVESTMENT CAPITAL INFLOWS CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS CIVIL WAR COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMMON MARKET COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPETITIVENESS CONCEPTUAL FRAMEWORK CONNECTIVITY CONNECTIVITY INDEX CONSUMER PROTECTION CONTRACT ENFORCEMENT COUNTRY RISK CPI CREDITWORTHINESS CURRENT ACCOUNT BALANCES CUSTOMS UNION DEBT DEMOCRACIES DEMOCRACY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT INVESTMENTS DEVELOPMENT STRATEGY DIVIDEND DOMESTIC MARKETS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC REFORMS ECONOMIC VOLATILITY ECONOMIES OF SCALE ELASTICITIES ELECTRONIC FUNDS EMPIRICAL ANALYSIS EMPIRICAL INVESTIGATIONS EMPIRICAL STUDIES ENVIRONMENTAL EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORT BASE EXPORT MARKET EXPORTS EXPOSURE EXTREME POVERTY FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FIRM PERFORMANCE FISCAL DEFICITS FISCAL POLICIES FOOD PRICES FOREIGN COMPANY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GLOBAL ECONOMY GLOBAL MARKETS GOVERNANCE INDICATORS GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HARMONIZATION HOME COUNTRY HUMAN CAPITAL INCOME GROUP INCOME GROUPS INCREASING RETURNS INCREASING RETURNS TO SCALE INDIVIDUAL FIRMS INEFFICIENCY INFLATION INFORMATION SHARING INFRASTRUCTURE INVESTMENT INTELLECTUAL PROPERTY INTEREST RATES INTERMEDIATE INPUTS INTERNATIONAL BEST PRACTICES INTERNATIONAL MARKETS INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE INVESTOR CONFIDENCE INVESTOR PROTECTION JOB CREATION JUDICIAL SYSTEM JURISDICTIONS LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LEGAL FRAMEWORKS LIBERALIZATION LONG-TERM INVESTMENT LONG-TERM INVESTMENTS MACROECONOMIC CONTEXT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANUFACTURING INDUSTRY MARKET ACCESS MARKET ECONOMY MARKET EFFICIENCY MARKET SHARE MARKET SHARES METALS MIDDLE INCOME COUNTRIES MIDDLE-INCOME COUNTRIES MIDDLE-INCOME COUNTRY MONEY LAUNDERING MULTILATERAL DEVELOPMENT MULTINATIONAL CORPORATIONS NATIONAL INCOME NATURAL DISASTERS NATURAL RESOURCES NEW PRODUCTS OIL OIL PRICES OPEN ECONOMY OUTPUT PATENTS PAYMENT SYSTEMS PAYMENTS SYSTEM PAYMENTS SYSTEMS PENSIONS PER CAPITA INCOME POINT OF SALE POLICY ENVIRONMENT POLICY MAKERS POLITICAL CONSIDERATIONS POLITICAL CYCLE POLITICAL STABILITY POLITICAL SYSTEM POWER PARITY PREFERENTIAL ACCESS PRICE INCREASES PRIVATE INVESTMENTS PRODUCERS PRODUCTION PROCESSES PRODUCTION STRUCTURE PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC DEBT PURCHASING POWER QUALITY STANDARDS QUOTAS RAPID GROWTH REAL TIME GROSS SETTLEMENT REGIONAL INTEGRATION REGIONAL POWER REGIONAL TRADE REGULATOR REGULATORY AUTHORITIES REGULATORY ENVIRONMENT REGULATORY POWERS RETURNS TO SCALE RISK MANAGEMENT SECURITIES STRUCTURAL CHANGE SUSTAINABLE DEVELOPMENT TAX TAX RATES TAX REFORM TECHNOLOGICAL ADVANCES TECHNOLOGY TRANSFER TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE BARRIERS TRADE LIBERALIZATION TRADE POLICY TRADE RELATIONS TRADEOFFS TRANSPARENCY VOLATILITY WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
AGRICULTURE AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BANKING SUPERVISION BENCHMARKING BUSINESS CLIMATE BUSINESS CYCLES BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS INVESTMENT CAPITAL INFLOWS CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS CIVIL WAR COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMMON MARKET COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPETITIVENESS CONCEPTUAL FRAMEWORK CONNECTIVITY CONNECTIVITY INDEX CONSUMER PROTECTION CONTRACT ENFORCEMENT COUNTRY RISK CPI CREDITWORTHINESS CURRENT ACCOUNT BALANCES CUSTOMS UNION DEBT DEMOCRACIES DEMOCRACY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT INVESTMENTS DEVELOPMENT STRATEGY DIVIDEND DOMESTIC MARKETS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC REFORMS ECONOMIC VOLATILITY ECONOMIES OF SCALE ELASTICITIES ELECTRONIC FUNDS EMPIRICAL ANALYSIS EMPIRICAL INVESTIGATIONS EMPIRICAL STUDIES ENVIRONMENTAL EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORT BASE EXPORT MARKET EXPORTS EXPOSURE EXTREME POVERTY FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FIRM PERFORMANCE FISCAL DEFICITS FISCAL POLICIES FOOD PRICES FOREIGN COMPANY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GLOBAL ECONOMY GLOBAL MARKETS GOVERNANCE INDICATORS GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HARMONIZATION HOME COUNTRY HUMAN CAPITAL INCOME GROUP INCOME GROUPS INCREASING RETURNS INCREASING RETURNS TO SCALE INDIVIDUAL FIRMS INEFFICIENCY INFLATION INFORMATION SHARING INFRASTRUCTURE INVESTMENT INTELLECTUAL PROPERTY INTEREST RATES INTERMEDIATE INPUTS INTERNATIONAL BEST PRACTICES INTERNATIONAL MARKETS INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE INVESTOR CONFIDENCE INVESTOR PROTECTION JOB CREATION JUDICIAL SYSTEM JURISDICTIONS LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LEGAL FRAMEWORKS LIBERALIZATION LONG-TERM INVESTMENT LONG-TERM INVESTMENTS MACROECONOMIC CONTEXT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANUFACTURING INDUSTRY MARKET ACCESS MARKET ECONOMY MARKET EFFICIENCY MARKET SHARE MARKET SHARES METALS MIDDLE INCOME COUNTRIES MIDDLE-INCOME COUNTRIES MIDDLE-INCOME COUNTRY MONEY LAUNDERING MULTILATERAL DEVELOPMENT MULTINATIONAL CORPORATIONS NATIONAL INCOME NATURAL DISASTERS NATURAL RESOURCES NEW PRODUCTS OIL OIL PRICES OPEN ECONOMY OUTPUT PATENTS PAYMENT SYSTEMS PAYMENTS SYSTEM PAYMENTS SYSTEMS PENSIONS PER CAPITA INCOME POINT OF SALE POLICY ENVIRONMENT POLICY MAKERS POLITICAL CONSIDERATIONS POLITICAL CYCLE POLITICAL STABILITY POLITICAL SYSTEM POWER PARITY PREFERENTIAL ACCESS PRICE INCREASES PRIVATE INVESTMENTS PRODUCERS PRODUCTION PROCESSES PRODUCTION STRUCTURE PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC DEBT PURCHASING POWER QUALITY STANDARDS QUOTAS RAPID GROWTH REAL TIME GROSS SETTLEMENT REGIONAL INTEGRATION REGIONAL POWER REGIONAL TRADE REGULATOR REGULATORY AUTHORITIES REGULATORY ENVIRONMENT REGULATORY POWERS RETURNS TO SCALE RISK MANAGEMENT SECURITIES STRUCTURAL CHANGE SUSTAINABLE DEVELOPMENT TAX TAX RATES TAX REFORM TECHNOLOGICAL ADVANCES TECHNOLOGY TRANSFER TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE BARRIERS TRADE LIBERALIZATION TRADE POLICY TRADE RELATIONS TRADEOFFS TRANSPARENCY VOLATILITY WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO World Bank Local Gains from Global Opportunities : Improving Central America's Investment Climate |
| geographic_facet |
Latin America & Caribbean |
| description |
Central America's economic
performance in recent years has benefited from improved
macroeconomic management, a favorable external environment,
as well as rising investor confidence since the region has
pursued greater access to global markets, particularly with
the signing Dominican Republic, Central American Free Trade
Agreement (DR-CAFTA) in 2004. Nonetheless, while important
reforms have been made, much remains to be done, and the
context of a less favorable global environment underlines
the urgent need to improve competitiveness and enhance
productivity. An improving investment climate will
contribute to both. This chapter discusses the broad
economic factors that shape the investment climate in
Central America. Section one describes the overall strategic
context, highlighted by the opportunities and challenges
emerging from the new trade deal. Section two discusses the
region's macroeconomic environment, economic growth,
sectoral changes, the business cycles with the US, and
overall stability. Section three covers trade, financial and
remittances flows, which are particularly important to the
region. Section four summarizes and takes a look ahead. |
| format |
Economic & Sector Work :: Investment Climate Assessment (ICA) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Local Gains from Global Opportunities : Improving Central America's Investment Climate |
| title_short |
Local Gains from Global Opportunities : Improving Central America's Investment Climate |
| title_full |
Local Gains from Global Opportunities : Improving Central America's Investment Climate |
| title_fullStr |
Local Gains from Global Opportunities : Improving Central America's Investment Climate |
| title_full_unstemmed |
Local Gains from Global Opportunities : Improving Central America's Investment Climate |
| title_sort |
local gains from global opportunities : improving central america's investment climate |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/09/16262686/local-gains-global-opportunities-improving-central-americas-investment-climate http://hdl.handle.net/10986/7959 |
| _version_ |
1764403178643652608 |
| spelling |
okr-10986-79592021-04-23T14:02:36Z Local Gains from Global Opportunities : Improving Central America's Investment Climate World Bank AGRICULTURE AVERAGE PRODUCTIVITY BALANCE OF PAYMENTS BANKING SUPERVISION BENCHMARKING BUSINESS CLIMATE BUSINESS CYCLES BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS INVESTMENT CAPITAL INFLOWS CAPITAL MARKETS CENTRAL BANK CENTRAL BANKS CIVIL WAR COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMMON MARKET COMMUNICATIONS TECHNOLOGIES COMPARATIVE ADVANTAGE COMPETITIVENESS CONCEPTUAL FRAMEWORK CONNECTIVITY CONNECTIVITY INDEX CONSUMER PROTECTION CONTRACT ENFORCEMENT COUNTRY RISK CPI CREDITWORTHINESS CURRENT ACCOUNT BALANCES CUSTOMS UNION DEBT DEMOCRACIES DEMOCRACY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT INVESTMENTS DEVELOPMENT STRATEGY DIVIDEND DOMESTIC MARKETS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC REFORMS ECONOMIC VOLATILITY ECONOMIES OF SCALE ELASTICITIES ELECTRONIC FUNDS EMPIRICAL ANALYSIS EMPIRICAL INVESTIGATIONS EMPIRICAL STUDIES ENVIRONMENTAL EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORT BASE EXPORT MARKET EXPORTS EXPOSURE EXTREME POVERTY FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FIRM PERFORMANCE FISCAL DEFICITS FISCAL POLICIES FOOD PRICES FOREIGN COMPANY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GLOBAL ECONOMY GLOBAL MARKETS GOVERNANCE INDICATORS GOVERNMENT REGULATIONS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HARMONIZATION HOME COUNTRY HUMAN CAPITAL INCOME GROUP INCOME GROUPS INCREASING RETURNS INCREASING RETURNS TO SCALE INDIVIDUAL FIRMS INEFFICIENCY INFLATION INFORMATION SHARING INFRASTRUCTURE INVESTMENT INTELLECTUAL PROPERTY INTEREST RATES INTERMEDIATE INPUTS INTERNATIONAL BEST PRACTICES INTERNATIONAL MARKETS INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE INVESTOR CONFIDENCE INVESTOR PROTECTION JOB CREATION JUDICIAL SYSTEM JURISDICTIONS LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LEGAL FRAMEWORKS LIBERALIZATION LONG-TERM INVESTMENT LONG-TERM INVESTMENTS MACROECONOMIC CONTEXT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANUFACTURING INDUSTRY MARKET ACCESS MARKET ECONOMY MARKET EFFICIENCY MARKET SHARE MARKET SHARES METALS MIDDLE INCOME COUNTRIES MIDDLE-INCOME COUNTRIES MIDDLE-INCOME COUNTRY MONEY LAUNDERING MULTILATERAL DEVELOPMENT MULTINATIONAL CORPORATIONS NATIONAL INCOME NATURAL DISASTERS NATURAL RESOURCES NEW PRODUCTS OIL OIL PRICES OPEN ECONOMY OUTPUT PATENTS PAYMENT SYSTEMS PAYMENTS SYSTEM PAYMENTS SYSTEMS PENSIONS PER CAPITA INCOME POINT OF SALE POLICY ENVIRONMENT POLICY MAKERS POLITICAL CONSIDERATIONS POLITICAL CYCLE POLITICAL STABILITY POLITICAL SYSTEM POWER PARITY PREFERENTIAL ACCESS PRICE INCREASES PRIVATE INVESTMENTS PRODUCERS PRODUCTION PROCESSES PRODUCTION STRUCTURE PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC DEBT PURCHASING POWER QUALITY STANDARDS QUOTAS RAPID GROWTH REAL TIME GROSS SETTLEMENT REGIONAL INTEGRATION REGIONAL POWER REGIONAL TRADE REGULATOR REGULATORY AUTHORITIES REGULATORY ENVIRONMENT REGULATORY POWERS RETURNS TO SCALE RISK MANAGEMENT SECURITIES STRUCTURAL CHANGE SUSTAINABLE DEVELOPMENT TAX TAX RATES TAX REFORM TECHNOLOGICAL ADVANCES TECHNOLOGY TRANSFER TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE BARRIERS TRADE LIBERALIZATION TRADE POLICY TRADE RELATIONS TRADEOFFS TRANSPARENCY VOLATILITY WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO Central America's economic performance in recent years has benefited from improved macroeconomic management, a favorable external environment, as well as rising investor confidence since the region has pursued greater access to global markets, particularly with the signing Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) in 2004. Nonetheless, while important reforms have been made, much remains to be done, and the context of a less favorable global environment underlines the urgent need to improve competitiveness and enhance productivity. An improving investment climate will contribute to both. This chapter discusses the broad economic factors that shape the investment climate in Central America. Section one describes the overall strategic context, highlighted by the opportunities and challenges emerging from the new trade deal. Section two discusses the region's macroeconomic environment, economic growth, sectoral changes, the business cycles with the US, and overall stability. Section three covers trade, financial and remittances flows, which are particularly important to the region. Section four summarizes and takes a look ahead. 2012-06-13T21:39:29Z 2012-06-13T21:39:29Z 2008-09 http://documents.worldbank.org/curated/en/2008/09/16262686/local-gains-global-opportunities-improving-central-americas-investment-climate http://hdl.handle.net/10986/7959 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Investment Climate Assessment (ICA) Economic & Sector Work Latin America & Caribbean |