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CEPAL Review No. 62, August 1997
  • E-ISSN: 16840348

Abstract

Ten years ago the member countries of the Central American Common Market (Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua) began to turn away from the “inward-oriented development” policy they had been applying for decades. They are now encouraging non-traditional exports by lowering tariff barriers, unifying exchange rates, and giving exporters access to intermediate and capital goods at international prices.

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