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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Bibliographic Details
Main Author: World Bank
Format: Investment Climate Assessment (ICA)
Language:English
Published: Washington, DC 2012
Subjects:
CPI
GDP
OIL
TAX
WTO
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
id okr-10986-7959
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