NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Latin America's Intraregional Trade: Evolution and Future Prospects

Sebastian Edwards, Miguel Savastano

NBER Working Paper No. 2738 (Also Reprint No. r1594)
Issued in October 1988
NBER Program(s):   ITI   IFM

This paper analyzes in detail the evolution of Latin America's international trade patterns, focusing on intraregional trade and on the formal attempts made to create free trade zones or custom unions. In particular, we assess the role of intraregional trade in the structural adjustment required by the Latin American debt crisis. The data analyzed show that the success of the commercial integration process has been quite limited. They also show that there has been no significant change in the DECO countries' share in Latin American imports or in the volume of intraregional trade flows since the early 1970s. Furthermore, the nature of the adjustment to the debt crisis of the 1980s indicate that Latin American markets possess a rather limited capacity to absorb a substantial increase in regional exports in the current context. Thus, we conclude that the success of the required expansion in Latin American exports will depend more on the region's ability to design innovative mechanisms to penetrate the markets of industrialized countries than on the deepening of any regional trade integration process.

download in pdf format
   (586 K)

download in djvu format
   (392 K)

email paper

This paper is available as PDF (586 K) or DjVu (392 K) (Download viewer) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w2738

Published: Economic Aspects of Regional Trading Arrangements, edited by D. Greenaway, T. Hyclak, and R. Thornton, pp. 188-233. New York: New York University Press, 1989.

Users who downloaded this paper also downloaded these:
Edwards w4772 Trade and Industrial Policy Reform in Latin America
Edwards w14034 Globalization, Growth and Crises: The View from Latin America
Ferreira and Waldfogel w15964 Pop Internationalism: Has A Half Century of World Music Trade Displaced Local Culture?
Bernard and Jensen w8327 Who Dies? International Trade, Market Structure, and Industrial Restructuring
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us