THOUGH for many years the United States has exercised an important influence on the economic development of Latin American countries, the economic progress of those countries has been and remains largely in their own hands. To accelerate development, they have made serious efforts to achieve some form of regional economic integration--a difficult and thus far elusive goal. Though progress has been slow, Latin America's economic prospects nevertheless appear to the authors of this book to be closely linked to success of the movement toward a regional common market. The authors believe that the United States, though it cannot intervene in this process, can use its economic policies to facilitate Latin American efforts.
This study originated in 1966 as a policy paper on the issues to be debated at the 1967 meeting of Western Hemisphere heads of state at Punta del Este, Uruguay. The scope of research gradually expanded into a broader analysis of past and current U.S. economic policies toward Latin America. Thus the book acquired its present two-part form, the first dealing with the present status of the Latin American integration movement and the second with a discussion of the prospects for U.S. policy toward integration.
Joseph Grunwald, director of the study, is a senior fellow at the Brookings Institution and a lecturer at the School of Advanced International Studies of the Johns Hopkins University. He coordinates a program of joint studies on Latin American economic development con-