In view of the worsening of the conflicts in Central America, the Heads of State of Colombia, Belisario Betancur; of Mexico, Miguel de la Madrid﹜ of Panama, Ricardo de la Espriella﹜ and of Venezuela, Luis Herrera Campins, decided to meet at Cancun, Mexico, today, 17 July 1983.We considered the critical situation in Central America and agreed that we were all deeply concerned at the speed with which it was deteriorating, as evidenced by an escalation of violence, the progressive mounting of tensions, frontier incidents and the threat of a flare-up of hostilities that might spread. All this, combined with the arms race and outside interference, creates a tragic setting affecting the political stability of the region and ruling out any progress and consolidation of institutions responsive to the democratic yearning for freedom, social justice and economic development. The conflicts in Central America present the international community with the dilemma of either resolutely supporting and strengthening the path of political understanding by offering constructive solutions or passively accepting the accentuation of factors which could lead to extremely dangerous armed confrontations.
Determinants of Economic Development Incentives Offered by States: A Test of the Arms Race Hypothesis
