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Nicaragua PROSPECTS
After almost four years in office, President Chamorro
has
made little headway in overcoming the substantial
obstacles
facing her. She has yet to win the support, or
investments, of
her reluctant private sector. Significant political
realignments
during her term have allowed her to move closer to
reconciliation
with representatives of the Sandinista labor forces.
However, at
the beginning of 1993, Nicaragua continued to face large
trade
and fiscal deficits, and it had yet to capture the
confidence of
either domestic or international investors. The government
continues to pin its hopes for economic recovery on the
potential
of its forests and on agricultural exports.
* * *
In 1993 analysis of all things Nicaraguan, including
the
economy, continues to be colored by political orientation.
Specialized regional newsletters, particularly Latin
American
Newsletter [London], Central America Report,
This
Week in Central America, Latin American
Monitor, and
Business Latin America provide useful data. Brizio
N.
Biondi-Morr's Hungry Dreams is particularly useful,
as is
Anthony Lake's edited volume, After the Wars, for
its
analysis of the effects of the regional conflicts. Sheldon
Annis's data on the new nature of poverty in Central
America in
Poverty, Natural Resources, and Public Policy in
Central
America are also helpful. (For further information and
complete citations,
see
Bibliography.)
Data as of December 1993
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