Latin America in 2010: Opportunities, Challenges and the Future of U.S. Policy in the Hemisphere, Hearing Before the Committee on Foreign Relations, United States Senate, One Hundred Eleventh Congress, Second Session, December 1, 2010 [open pdf - 320KB]
From the opening statement of Christopher J. Dodd: "The Latin American economy, long defined as emerging, has finally emerged. In the 5 years leading up to the 2008 global financial crisis, Latin American economies experienced growth rates of 5.5 percent while keeping inflation in single digits. When the crisis did hit, Latin America stood strong, weathering the crisis better than any other region in the world. While income inequality remains a significant issue, as it does in our own country, I might add as well, 40 million Americans, Latin Americans, were lifted out of poverty, 40 million, between the years of 2002 and 2008. It's not just the increasingly stable economies that is providing opportunities for historically poor Latin Americans. Governments are beginning to deliver the education, health care, and social services necessary for sustaining growth and progress. Additional cash transfers, such as Mexico's Oportunidadas program and Brazil's Bolsa Familia, have reduced poverty, increased school attendance, and provided hope for a generation of low-income families that otherwise have remained marginalized. Obviously, there's still much work to be done. I'm not trying to sound like a Pollyanna, but I think it's worthwhile to talk about progress. Too often all we talk about are the trouble spots and the difficulties. Drug trafficking and related violence on our Mexican border with our Mexican neighbors is compelling, to put it mildly. In many parts of Central America, citizens are forced to live and work behind barbed wire and blast walls because of the violence that is occurring." Statements, letters, and materials submitted for the record include those of the following: Cynthia Arnson, Bob Corker, Jaime Daremblum, Christopher J. Dodd, Richard G. Lugar, Joy Olson, and Mark Schneider.
S. Hrg. 111-783; Senate Hearing 111-783
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