Word: guatemala
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Dates: during 1960-1969
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...uprisings in this century, far below par for Caribbean nations, its elections are so free that since 1948 the opposition party has won every time. As a whole. Central America has responded smartly to U.S. prodding toward economic cooperation. Its own Common Market includes Costa Rica, El Salvador, Honduras, Guatemala and Nicaragua, which have knocked out 95% of the restrictive tariffs that existed between them. It has set up an effective regional bank and has made some 54,000 agricultural loans...
...years ago, in open imitation of Europe's Six, five nations of Central America-Honduras, Guatemala, El Salvador, Nicaragua and, later, Costa Rica-set up their own common market. But, unlike its European model, the Central American Common Market has poor economic soil to grow in: per capita income in its five member nations averages $200 a year, and heavy industry is almost nonexistent. Last week, at a meeting in El Salvador, the executive council of the Central American Common Market put into effect a curious plan to foster industrial growth. Henceforth, the five nations will select one company...
Named last week were the first two companies chosen for protection: GINSA, the General Tire Corp. subsidiary in Guatemala, and Nicaragua's Hercules Powder Co. insecticide plant. Both will be able to ship their products throughout the Central American market free of tariff and will enjoy the shelter of a high common tariff against competitive imports. Theoretically, there is nothing to prevent their foreign competitors from setting up plants in Central America, too, but such plants would not get the same tariff breaks. All this may well lead to rapid growth for GINSA and Hercules. But it may produce...
...Guatemala's President Miguel Ydigoras has been the most vigorous opponent of Castro among all Latin American leaders. The Bay of Pigs invasion brigade trained on Guatemalan soil, and Ydigoras even offered to let anti-Castro Cubans form a government in exile there. But last week, facing strong pressure from the left and right, Ydigoras ordered all anti-Castro Cubans rounded up and expelled from Guatemala. "It is time,'' he said, "for other Latin American countries to do their part." As for the U.S., he told a reporter, "I would like to live in Florida...
...Latin Americans rose to speak and vote, U.S. Secretary of State Dean Rusk looked squarely at each ambassador. Said Guatemala's Carlos Urrutia Aparicio: "This is no hour for limp diapers and half-measures-we move now for history." One by one, 19 nations voted "aye" to the resolution. Only little Uruguay, lacking instructions from home, abstained. And when the word came from Montevideo, Uruguay made it unanimous...