New Drive for Economic Integration
Anew effort to attain one of the major goals of the Alliance for Progress—economic integration of Latin America—is getting under way. The concept of a vast common market embracing all of the countries to the south, where more than 200 million people now live, is not itself new. The United Nations Economic Commission for Latin America has been studying proposals of the sort for a decade and a half. And two limited trading groups—the five-member Central American Common Market and the nine-nation Latin American Free Trade Association—have been established.1
There is nevertheless still a long way to go to carry out the pledge made at the meeting in Punta del Este, Uruguay, where the Charter of the Alliance for Progress was ...