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Central America - The common market and its future : The main report (English)

The object of this report is to analyze industrial development, industrial policies and the framework of industrial finance in Central America. The report is not a comprehensive sector survey in the usual sense, nor does it attempt to analyze all aspects of economic integration in Central America. Chapter II provides some historical background and places the growth of industry in a macroeconomic context. Chapter III is a statistical presentation of the main features of industrial growth during 1960-68. The events of 1969-70 are discussed in Chapter VI, as is the question of the reform of industrial policies. Major policies affecting industrial development are briefly sketched in Chapter IV, and an attempt is made to assess their impact on the pattern of industrialization in Central America. Chapter V assesses the system of industrial finance both on a national and regional basis. The important developments that have taken place since January 1971 are discussed in Chapter VII.


  • Document Date


  • Document Type

    Pre-2003 Economic or Sector Report

  • Report Number


  • Volume No


  • Total Volume(s)


  • Country

    Central America,

    Latin America,


  • Region

    Latin America & Caribbean,

  • Disclosure Date


  • Disclosure Status


  • Doc Name

    The main report

  • Keywords

    fiscal incentive;central american common market;central american monetary council;exemption from import duty;increase in prices;high rates of illiteracy;role of financial intermediaries;distribution of market shares;standard international trade classification;Intra-regional Trade;manufactured goods;per capita income;capital good;increase tariff;share of import;natural resource endowment;imported inputs;caustic soda;free trade status;pattern of specialization;private foreign investor;common external tariff;price of capital;average tariff increase;durable consumer good;nondurable consumer goods;total revenue collections;direct tax revenue;rate of duty;capital output ratio;economies of scale;competition from imports;return on investment;restrictions on trade;exchange rate stability;development finance company;private foreign investment;rates of return;protection against import;exempt from taxation;total tax collection;contract by contract;average capacity utilization;free trade arrangement;gross domestic product;labor employment;payment of duty;improvement in productivity;high growth rate;rate of growth;radio and television;volume of trade;impact of policy;structure of incentive;capital goods industry;bilateral trade agreement;expansion of export;central government revenue;pace of expansion;pill pack;electrical appliance;industrial sector;industrial production;Industrial Policy;Industrial Policies;import substitution;local price;nominal tariff;tax liability;cotton textile;manufacturing production;total output;national market;industrial finance;economic integration;idle capacity;footwear industry;car tires;Fixed Assets;paper industry;metal industry;finished goods;regional market;monopoly position;processed food;tariff schedule;cotton yarn;Industrial Goods;raw material;national producers;world market;cotton fabric;capital tax;alcoholic beverage;absolute amount;productive facility;foreign exchange;Exchange Rates;national policy;tariff exemption;regional treaty;project studies;tariff nomenclature;nonmetallic mineral;regional producers;protective tariff;industrial machinery;downward movement;export boom;clothing industry;import price;toilet articles;cardboard boxes;eliminating tariffs;synthetic fiber;monetary authority;dry battery;steel product;tariff level;production base;national production;foreign market;industrial field;uniform application;fixed investment;market activity;capital-intensive production;capital coefficient;food processing;financial system;market potential;new plant;modern sector;product level;paper product;manufacturing sector;metal product;industrial chemicals;indigenous materials;local investor;tax profit;increased rate;wood furniture;international level;local textile;price decline;tariff rate;capital intensity;industrial employment;total employment;marginal coefficient;employment data;tobacco product;subsequent years;rubber products;industrial base;wage level;industrial labor;textile industry;industrial labour;dominant position;industrial structure;business relationship;monetary integration;glass container;food industry;Pharmaceutical Industry;consumer durable;television set;transport network;foreign currency;trade balance;industry group;chemical industry;consumer product;industrial value;fertilizer plant;motor car;chemical pulp;bond paper;petroleum refineries;local production;production process;lending rate;tariff protection;investment opportunities;port duties;summary list;industrial investment;Economic Policy;metallic ores;soft drink;regression equation;postwar period;industrial potential;adequate training;industrial work;Natural Resources;industrial skill;effective demand;Tax Holiday;public revenue;policy orientation;market economy;petroleum product;fruit juice;informal arrangement;market orientation;primary commodity;manufacturing operation;air conditioner;trade regulation;large-scale production;market size;national tariffs;wealth distribution;mass market;local market;market sector;exogenous factor



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Central America - The common market and its future : The main report (English). Industrial projects series ; no. PI 7 Washington, D.C. : World Bank Group.