For decades, Central America has faced market dependency, natural disasters, and political systems characterized by protectionist policies and low participation--situations that have had a tremendous impact on its economic development. This two-volume set is a comprehensive assessment of Central America's position in the world economy, and it serves as a handbook for the important economic reforms Central America must undertake to become a viable competitor in the international economy.

Felipe Larraín B. is Professor of Economics at the Universidad Católica de Chile and former Director of the Central America Project at the Harvard Institute for International Development, Harvard University.

Read More by Felipe Larraín B:

Read More by Benjamin Alvarez:

Read More by Gerardo Esquivel:

Read More by Luis F. Lopez-Calva:

Read More by Jeffrey Sachs:

• Economics of Worldwide Stagflation