News In Brief

Shultz advises Latin lands to discard state ownership

Secretary of State George Shultz urged the nations of the Caribbean and Central America to discard policies of state ownership and adopt open economies so they can compete successfully in world markets.

''The economically most successful countries in the '80s and '90s will likely be those who provide the best environment for productive investment,'' Mr. Shultz told the annual Caribbean Conference here Thursday. Shultz said the system should be founded on domestic savings and investment, equal treatment of foreign and domestic investment, open trade, and the use of foreign resources as a supplement to domestic savings, not weighted so that it fosters dependence.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK