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Korea and Central America

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Title Korea and Central America
Similar Titles
Material Type Proceedings
Author(English)

Kim, Won-Ho

Publisher

Seoul:Korea Institute for Interantional and Economic Policy

Date 1998-02
Series Title; No Seminar Proceedings / 98-02
Pages 126
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Economy < Trade
Holding KIEP: KDI School

Abstract

Central American Countries in the past decade have rapidly achieved democratic as well as economic stability. Sustained economic growth, increased foreign investment, exchange rate stability and low inflation rates have transformed the region's economic outlook in a strongly positive direction. Central America not only possesses abundant tourist resources, but also an advantageous geographic location at the crossroads of North and South America, and the Atlantic and Pacific. Central America also benefits from preferential tariff rates with the United States and EU, which are enhancing the position of Central America as a new and invaluable market of trade and investment. The Central American Common Market (CACM), created in 1960, experienced a serious collapse of confidence in the 1980s due to the political and economic problems in the region. (The rest omitted)