Honduras ranks fifth in Latin American Globalization Index
The Central America Free Trade Agreement (CAFTA) is the big winner in the 2006 Latin American Globalization Index from the Latin Business Chronicle. Five of its members captured the top seven spots, including the number two position. All but one of the six CAFTA members improved their score from last year. Costa Rica and Nicaragua made most progress, but also El Salvador, Guatemala and Honduras became more globalized. Costa Rica ranked second in the categories exports, tourism receipts and Internet penetration, while it ranked third in imports and fifth in FDI. Nicaragua ranked second in imports and FDI, third in remittances and fifth in tourism receips. Honduras also did well. It came in second in remittances, third in tourism receipts as a percent of GDP and fourth in imports. The index of 19 countries looks at six factors that measure a country's links with the outside world. Latin Business Chronicle.