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President Bush, at the Summit of the Americas in Quebec, will havea unique opportunity to promote economic liberalization throughoutthe hemisphere by presenting the opportunity for countries thathave already liberalized their economies to sign a free tradeagreement with the United States, beginning with Chile.
Unless the Administration addresses the "absence of capitalism"that afflicts economies around the world by taking this approach,economic crises will become more frequent and more severe.
To help Argentina recover, the Bush Administration should hold backaid to Argentina and refrain from giving its support for additionalIMF funding until the Argentine government presents a crediblepro-growth plan.
The Bush Administration should be concerned about the potentialchaos in the Andean region and take immediate action to adjust itspolicies to address the many problems facing the region before theydeteriorate further.
With U.S. influence in Latin America on the wane and China andVenezuela ascendant, a trade agreement makes sense.