Nicaragua has enjoyed better than average economic growth and expanding opportunity over the past two decades in large part because of political stability and the economic consensus that has existed between the government and private sector. But the increasingly authoritarian tendencies of the government of President Daniel Ortega have undermined its legitimacy, leading to a sudden and sustained political crisis over the last year that has unraveled the economy and that threatens the country’s future.
Nicaragua is at a turning point. Governance capacities can catch up to economic performance, to construct a model of open, democratic capitalism with social inclusion. Alternatively, the country can regress into the dark abyss of political repression and economic misery. The renewal of the national dialogue, this time with more rational, promising procedures, raises hopes that Nicaragua will find a positive path forward.
Please join us for a discussion about Nicaragua’s economy over the last 25 years and how Nicaragua’s private sector can contribute to resolving the current political crisis and reestablishing economic growth.
Cynthia J. Arnson, Director, Latin American Program, Wilson Center
Richard Feinberg, Professor of International Political Economy, University of California, San Diego
Julie J. Chung, Principal Deputy Assistant Secretary of State, Bureau of Western Hemisphere Affairs, Department of State
Luis Rivas, Chief Operating Officer, Grupo Promérica
Eric L. Olson, Latin American Program, Wilson Center
Event | Nicaraguan Tragedy: From Consensus to Coercion
Nicaragua has enjoyed better than average economic growth and expanding opportunity over the past two decades in large part because of political stability and the economic consensus that has existed between the government and private sector.