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Paraguay: Awakening from a long slumber
Long known in Latin America as a backwater haven for criminal enterprises and eccentric dictators, Paraguay began to turn around over the past decade. Encouraged by growth from exports of soybeans and hydroelectricity, the country’s elite is taking cautious steps to strengthen state institutions and improve the rule of law. How far and deep this process goes, however, may depend on whether the export-led recovery holds up.