MacDonald, director for sovereign research at Donaldson, Lufkin, and Jenrette in New York, and Fauriol, Director of the Americas Program at the Center for Strategic and International Studies, have written a generally upbeat and optimistic analysis of the future of Latin America, where they see several countries -- Brazil, Mexico, and Argentina in particular -- as being on the verge of a major historical opportunity to move in "fast forward." Latin America as a whole, they argue, has made remarkable adjustments to pragmatic policies that will make the region an active participant in the global economic game and a close and profitable partner of the United States. Challenges remain, of course -- social inequalities, institution-building, increasing national savings, labor reform, and infrastructure development. But they see no reason to minimize the strategic salience of this potential takeoff for the United States, which must redefine its traditionally political and diplomatic interests in broader terms.
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