In working together, NGOs and the private sector can put their collective muscle behind reform. Central to our growing regional integration is our trade relationship. When the economic health of those beyond U.S. borders deteriorates, the impact of that decline is felt in the U.S. with lightning speed. Foreign exports decline and jobs dry up. Legal and illegal immigration increases dramatically.
Countries face a greater susceptibility to lawlessness.
Conversely, when economic times are good then Canadians and Colombians buy more computers and more cars and McDonalds invests in Guayaquil and the Gap opens a store in Buenos Aires. More importantly, jobs are created and prosperity is expanded. Latin American countries are stepping into the 21st century with more market-oriented economies, improved regulatory systems, and sounder financial systems. Trade among nations of this Hemisphere is strong and growing. The bad news is that economic development has failed to keep pace with the expectations democracy has generated.