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2007 LATIN AMERICAN-Business Environment report

2007 LATIN AMERICAN-Business Environment report

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Published by dmaproiect
The Latin American Business Environment Report (LABER) is a one of a kind
publication that presents in a single document a straightforward, balanced appraisal of the
economic, social, and political events in the past year that have shaped the business and
investment climate in Latin America as a region and in its 18 most important economies.
The Latin American Business Environment Report (LABER) is a one of a kind
publication that presents in a single document a straightforward, balanced appraisal of the
economic, social, and political events in the past year that have shaped the business and
investment climate in Latin America as a region and in its 18 most important economies.

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Published by: dmaproiect on Feb 24, 2010
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Terry L. McCoy With Meredith Fensom 
September 2007
2007 LATIN AMERICAN BUSINESS ENVIRONMENT REPORT 
 
 
 1September 2007
 Preface
The Latin American Business Environment Report (LABER) is a one of a kindpublication that presents in a single document a straightforward, balanced appraisal of theeconomic, social, and political events in the past year that have shaped the business andinvestment climate in Latin America as a region and in its 18 most important economies.In the 2007 LABER – the ninth edition since 1999 (all available athttp://www.latam.ufl.edu/labe/publications.html
 
)
– we have consolidated coverage of Central America and the Caribbean (dropping Jamaica and Trinidad & Tobago) into thenew DR-CAFTA region, which coincides with the recently launched bilateral free tradeagreement between the United States, five Central American countries and theDominican Republic. Although Costa Rica has yet to ratify the agreement and Panama isnot a member, both are analyzed as part of this new consolidated section. We have alsoenhanced assessment of the legal environment, which is again the work of MeredithFensom.The
 LABER
is a publication of the Latin American Business Environment Program in theCenter for Latin American Studies. The program draws on the expertise and resources of the University of Florida to prepare students for careers related to Latin Americanbusiness through degree programs, training courses and study abroad opportunities. Italso organizes topical conferences, promotes the publication of scholarly research andprovides professional consulting services for the business community and public.Additional support for the
 LABER
and related activities is generously provided by theCenter for International Business Education and Research (CIBER) in the WarringtonCollege of Business Administration. Mary Mitchell and Alison Boelter helped preparethe 2007 report, which was edited by Charles Wood. Finally, in preparing the 2007report, I benefited from an evaluation of the previous
 LABERs
conducted by AmbassadorMyles R. R. Frechette
.
I alone am responsible for the content and analysis.Terry L. McCoy, DirectorLatin American Business Environment Programtlmccoy@latam.ufl.edu www.latam.ufl.edu/labep.html 
The report may be cited without permission. Users are asked to acknowledge the source.
 
 2
CONTENTS
 Preface
EXECUTIVE SUMMARY……………………………………………………………...4
 INTRODUCTION 
………………………………………………………….……………..5
 I.
 
 REGIONAL OVERVIEW 
…………………………………………….….……....8
 
EXTERNAL ENVIRONMENT…………………...…….………………….…..8
Global Developments Regional Developments
DOMESTIC ENVIRONMENT………………………………………………..10
 Economic and Financial PerformanceSocial Environment Political Environment Policy Environment  Legal Environment 
 II.
 
COUNTRY PROFILES
…………………………………….................………...19NAFTA REGION………………………………………………………............19
 Mexico
 
DR-CAFTA COUNTRIES………………………………………...…......……21
 Dominican RepublicCosta Rica
 
 El Salvador Guatemala Honduras Nicaragua
Panama
ANDEAN SOUTH AMERICA………………………..………...………….....28
 BoliviaColombia Ecuador 

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