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Article: Rising exports to Latin America a boon for U.S. (Latin American economic conditions improving)
- Article from:
- American Banker
- Article date:
- December 16, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Revived trade with Latin America could help rouse the U.S. economy from its siesta.
Exports to Latin America soared nearly 18% in the first nine months of 1991, to $42.6 billion, from $36.2 billion in the same period last year. Latin America s in a growth mode, and the uptick partly reflects pent-up demand in the region for capital equipment and other goods made in the United States.
Besides creating jobs in the manufacturing sector, export expansion should give U.S. lenders welcome opportunities for trade financing. Alan Reynolds, director of economic research at the Hudson Institute in Indianapolis, credits the Bush administration's free-trade ...