Agricultural development in Central America : its origin and nature

After 1950 the doctrine of economic liberalism continued this trend by concentrating land ownership in export sector; the rise of export economies led to economic growth but limited development. Exports failed to stimulate technological change and investment. This unilateral dependence on the performance of a single sector has been one of the weaknesses of Central American economics. After 1950, favorable conditions in international markets and rapidly increasing productivity renewed the impetus for agricultural exports. The overall performance of the agricultural sector in the contemporary economy has been successful in maintaining a considerable degree of external balance and in inducing internal growth and economic stability.