• Paraguay is the world’s biggest producer and exporter of hydropower per capita
  • Foreign sales of soybeans are another engine of economic growth
  • These benefits of the globalized economy and a desire to attract FDI have mobilized Paraguayan elites to tinker with reform

For generations, Paraguay was a small backwater state in the interior of South America. The last decade and a half, however, witnessed surprising changes as the country’s economic fortunes were buoyed by the global commodities boom. Limited reforms have been introduced by the ruling elite to facilitate trade and foreign investment. Whether Paraguay makes a further transition to democratic modernity may hinge on the global economic climate.

The country has been known as a setting for novels, including Graham Greene’s The Honorary Consul and Augusto Roa Bastos’s prizewinning I, the Supreme, which portrayed the 19th-century dictator Jose Gaspar Rodriguez de Francia. Friedrich Nietzsche’s sister, Elisabeth, came to Paraguay with her husband Dr. Bernard Forster in 1887 to found Nueva Germania, a colony to preserve the “Aryan Race.” They failed.

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Dr. Joseph S. Tulchin
Without a stronger commitment to the rule of law at home Paraguay will not widen its role in the global economy
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What's inside
  • Paraguay is the world’s biggest producer and exporter of hydropower per capita
  • Foreign sales of soybeans are another engine of economic growth
  • These benefits of the globalized economy and a desire to attract FDI have mobilized Paraguayan elites to tinker with reform
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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