El Salvador.
El Salvador at this critical juncture needs to follow a course which will ensure economic and social development in a fashion that will be sustainable. Salvadoran Minister of Finance Manuel Hinds said it succinctly, "We are working on a social policy as part of our economic policy, not just as the end of an economic process but as the means. We are focusing on human resources because, even in countries with plentiful resources, the human element is the only one that really counts" (Institutional Investor E9). El Salvador and all the Latin American nations need to work towards capacity building and not solely economic growth. By capacity building, I mean focusing not solely on economic growth but investment in human capital, the increase of productivity, and an overall commitment to use the land and natural resources in a sustainable and responsible way (Franko 442). This has been the key hazard in previous Latin American economic "miracles". Though few can argue that they were periods of profound growth, one would be hard pressed to find anyone defending as responsible self-sustaining development programs. El Salvador needs to rise to meet this challenge if it wishes to break out of the development cycle which has become all too familiar: a decade of unprecedented growth followed by several of economic instability and stagnation.
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