Just as markets tend to overshoot, so does political analysis, and recent commentary on Latin America is exhibit A.
It may not be sexy or capture headlines, but steady and sustained engagement of the parties based on a hard-nosed analysis of mutual interests will, in the end, prove to be the most effective method for securing the democratic, economically developed hemisphere that leaders envisioned a decade ago.
Speaking at the 35th Washington Conference on the Americas, Secretary of Defense, Donald Rumsfeld, discusses the connection between security and economic growth. Rumsfeld explains the steps that have been taken throughout the Americas to combat criminal activities that weaken security and accordingly weaken the economy.
Speaking at the 2005 Washington Conference on the Americas, Assistant Secretary of the Treasury for International Affairs Randal K. Quarles discussed the vast economic growth taking place in Latin America. Quarles also spoke of the effect of good economic policies in creating sustainable growth.
Founded in 1948, the Mexico-US Business Committee (MEXUS) is the oldest bi-national private sector business organization with a focus on economic, commercial, and political relations in North America.
In Latin America and the Caribbean, we already talk in terms of lost decades. If we fail to envision FTAA as a means to increase regional competitiveness and fail to work side-by- side to achieve this broader vision, we will have to start speaking of the region in terms of lost generations.