Earlier this week, former Colombian president Álvaro Uribe testified at the Subcommittee Hearing: Challenges to Democracy in the Western Hemisphere
His complete statement is available online. I found this section particularly interesting,
Triggers of Change
The potential for positive change in growth in the years ahead is not an accident; it is a consequence of the consistency, congruence and sense of urgency that a group of countries have adopted as their policy cornerstone. Brazil, Mexico, Colombia, Chile, Peru, and Uruguay represent 70 per cent of the region’s population and 75% of the regional GDP.
This group of countries has common characteristics that explain their outstanding performance:
The strengthening of Liberal Democracy.
The adoption of an institutional Framework in favor of foreign and national investment.
The construction of a sound and sustainable social safety net.
The expansion of export markets and the commercial integration with the world (through free trade agreements).
A public administration driven by results and the elimination of the byzantine ideological debate between left and right.
A sound macroeconomic administration driven by fiscal and monetary prudence.
Better regulatory environment.
Construction of strategic infrastructure.
The consolidation of an innovation agenda leaded by an improvement in education.
A well capitalized financial sector and the constant expansion of financial services.
Today countries like Panama, Dominican Republic, Costa Rica, Guatemala, Salvador, Honduras, and Paraguay, as well as most of the Caribbean States, are following this line of behavior. Because of that, the IDB, with Luis Alberto Moreno as its leader, many analysts, statesmen and prestigious publications like The Economist, are optimistic and talk about “The Latin American Decade.”
Countries that opted for a sound evolution of policies have motivated sustainable positive change. Countries that have opted for a “Revolution” to accommodate the institutional order in favor of an ideology have been shown to be ones with instability, limitation of individual liberties, government intervention, lack of confidence from investors, and a growing social polarization with the risks of political turmoil’s [sic].
Read the whole thing.