Read all posts for ‘El Salvador’

Abstract: During the economic and fiscal crises the world has faced recently, austerity has taken center stage in plans to restore order to the public finances of the countries affected. But, what happens when countries have problems of low growth? Can you reduce government spending without deepening economic crises? The example of Europe […]

Abstract: Every time I hear the word “austerity” very concrete memories come to mind. I think of Nicaragua during the Sandinista Revolution of the 80’s, when the government took severe austerity measures in order to tackle the strict economic embargo that the US imposed on the Central American country. These […]

Abstract: Seven years have have passed since El Salvador became the first country to start the application of the Central America Free Trade Agreement (CAFTA), signed with the United States. The agreement has had many detractors since its  negotiation, and  many sectors insist it has affected the Salvadoran production and even increased […]

The Salvadoran state is like a father who has many children. It is in debt, has limited wages, has maxed out its credit cards and overdrawn its checking account, and while it gets loans to restructure its debt, it always comes back for another overdraft. Father State thinks he’s doing well. He […]

Abstract: Intipucá is a very small, dusty and hot town in rural El Salvador. However, it used to be one of the richest towns in the country. Said richness, however, depended not on its agricultural products (coffee, cotton, sugar cane), but solely on  the money sent by the locals who […]