Abstract
This study helps to reveal both the depth and seriousness of the institutional impediments to Central American economic recovery in the 1980s. It combines analysis of changes in the structure of the Central American export sector and overall recovery with survey results of Central American private sector leaders' perceptions about the successes and failures of institutional changes which might be supportive of recovery. It concludes that by the beginning of 1987, five years after attempts began to stimulate recovery efforts and strategic change, only Costa Rica and Honduras demonstrated weak economic recovery accompanied by preliminary changes in the structure of their export sector. The lack of either economic stabilization, recovery or institutional adjustment in El Salvador, Panama, Guatemala and Nicaragua and the threat of continued violence in those countries make overall regional economic recovery elusive in the 1980s in spite of the substantial donor resource inflows.
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