|
Another
Take
El
Salvador
This
is
the first in what will be an occasional series of examinations
of production-sharing, or maquila-like industries, in other
countries. Since the end of the country’s civil war in 1992,
El Salvador has turned into one of the most stable and
competitive market-driven economies in the world.
By streamlining and liberalizing its economy through
privatization, deregulation and the implementation of
market-oriented economic reforms,
El
Salvador
has achieved a macroeconomic stability underscored by the
world’s most respected credit rating agencies. Highlights of
its economic strength include:
•Sustained GDP growth.
•2.2 percent average inflation in the last five years.
•U.S. dollar as legal tender.
•Lowest interest rates in
Central
America
,
among lowest in
Latin
America
.
•Regional banking leadership and free movement of
capital.
El
Salvador
provides a large and qualified pool of bilingual operators. With
low attrition rates, fast learning curves and low absenteeism,
the Salvadoran workforce is recognized as one of the most
capable in
Central
America
.
All these factors have not gone unnoticed.
PROESA,
El
Salvador
’s
foreign investment agency, says that ,,,
...Continued
in the pages of Twin Plant News, Subscribe Today! |
