Washington — Secretary of State Hillary Rodham Clinton
says that defining economic progress in the Western Hemisphere
is more than profit margins and the rise and fall of a nation’s
gross domestic product. Prosperity is measured in the quality
of peoples’ lives and livelihoods.
Clinton spoke in San Salvador, El Salvador, on May 31 at
the Pathways to Prosperity in the Americas Initiative about
the U.S. commitment to re-launch the economic initiative
begun by the Bush administration at the United Nations in
September 2008. She was to attend the inauguration of El
Salvador’s president-elect, Mauricio Funes, on June
1. The secretary is also expected to attend the 39th General
Assembly of the Organization of American States (OAS), which
begins June 2 in Honduras.
“To achieve the shared prosperity we seek, we must
integrate our commitment to democracy and open markets with
an equal commitment to social inclusion,” Clinton
said. “The global financial crisis has reinforced
how closely our economies are linked.”
Pathways to Prosperity, which was launched to help the
Americas benefit from expanded trade, reaches across nations
and free trade partners to regional organizations, development
banks and other major trading nations in the Western Hemisphere.
It began at a meeting of 12 nations in Panama in December
2008. At the time, the United States had bilateral free
trade agreements with 10 nations in the region and was a
signatory to the trilateral North American Free Trade Agreement.
“Pathways to Prosperity can and will help spread
the benefits of economic engagement and trade to women,
rural farmers and small businesses, Afro-descendants, indigenous
communities, and others too often left on the sidelines
of progress,” Clinton said.
The secretary said the Pathways-participating nations currently
represent 34 percent of the world’s gross domestic
product — the sum of all goods and services produced.
“In Honduras, the Food for Progress program found
new markets for the potatoes grown by 1,400 small farmers.
As a result, the farmers’ sales doubled, and they
increased their average annual income from less than $800
to $2,100,” Clinton said.
In Peru, Clinton said, the Micro and Small Enterprise Facilitation
Program has helped more than 80 local governments implement
new regulations for business creation, which has cut business
registration time by 80 percent and reduced costs for business
startup by more than half.
The next step for expanded opportunity will mean expanding
beyond the current focus and current membership, Clinton
said. “Pathways should be open to working with new
partners, including other nations and subregional banks,
that share our commitment to open markets and greater social
inclusion,” she said.