Central American Markets: Making Mountains out of Mole Hills
Alan Tonelson
Thursday, May 05, 2005
“Given [greater investment and effective institutions]....these good [CAFTA] markets will quickly grow to become great markets.”
–Secretary of Commerce Carlos M. Gutierrez, May 3, 2005
Dominican Republic market size*: $23.2 billion
Bakersfield, Cal. market size: $23.1 billion
Guatemala market size: $22.1 billion
Trenton, N.J. market size: $21.8 billion
Costa Rica market size: $16.4 billion
Gary, Indiana market size: $16.5 billion
El Salvador market size: $14.2 billion
Appleton-Oshkosh-Neenah, Wisconsin market size: $14.0 billion
Honduras market size: $6.7 billion
Myrtle Beach, S.C. market size: $6.9 billion
Nicaragua market size: $2.6 billion
Lawrence, Kansas market size: $2.7 billion
*all data from 2002
Sources: “U.S. Secretary of Commerce Carlos M. Gutierrez, Council of the Americas, Tuesday, May 3, 2005, Washington, D.C.,” http://www.doc.gov/opa/speeches/Secrtary_Gutierrez/2005/May/3_Council_of_the_Americas.htm; The Role of Metro Areas in the U.S. Economy: Appendix, Table 2, U.S. Conference of Mayors, July, 2003, http://www.usmayors.org/metroeconomies/0703/metroecon_appendix_0703.pdf
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).