Nontraditional Agricultural Exports in Latin America

Abstract

After a decade of debt crisis and severe economic decline, countries throughout Latin America are seeking radical new treatments for their economic ills. Under pressure from internal political actors, international lending and aid agencies, or some combination of these, many Latin American countries are turning to outward-looking development strategies to stabilize their balance of payments and revitalize economic growth. Serving as the centerpiece for the new strategies is the promotion of “nontraditional” exports.