For the rest of Latin America, if that growth ends, then the contradiction can no longer be contained and a massive crisis will ensue. We continue to have a positive economic outlook for Latin America. Although it will take a while for this to ripple through the region s economies, this will certainly stimulate the region s economic growth. Investments made during the 1990s are beginning to pay off. The long run is beginning to happen.
Demographics favor Latin America.
Thus, it appears to us that the next decade will be promising economically, if the social and political consequences can be staved off. In other words, if the forces that are gearing up to block market reform can be restrained or restrain themselves, then Latin America appears to be set for a major surge. That is a huge if. The problem is that the political and economic clocks run on different time scales. Economic development on a continental scale measures time in generations.