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Free trade in Latin America: A successful way out of crisis?

  • Latin America
  • Published:
Intereconomics

Abstract

Since the beginning of the 1990s almost all Latin American countries have begun to change their strategies from protectionism to free trade. Historically, plans for regional economic integration have a long tradition on this continent, but attempts to bring them to fruition have failed time and time again. This report surveys past developments and attempts to show the prospects of success for the current free trade strategies in Latin America.

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References

  1. Cf. for example R. J. Langhammer and U. Hiemenz: Regional Integration among Developing Countries, Kieler Studien No. 232, Tübingen 1990; and Ricardo French-Davies: Economic Integration in Latin America, in: M. Urrutia et al. (eds.): Lessons in Development, A Comparative Study of Asia and Latin America, San Francisco 1989, pp. 157–180.

  2. cf. R. J. Langhammer and U. Hiemenz, op. cit. Regional Integration among Developing Countries, Kieler Studien No. 232, Tübingen 1990.

  3. Cf. W. Molle: The Economics of European Integration, Aldershot 1990, p. 99.

  4. This has been empirically demonstrated for the two Latin American integrative groups of ALALC and the Andes Pact. Cf. J. C. Brada and J.A. Méndez: Economic Integration among Developed, Developing and Centrally Planned Economies: A Comparative Analysis, in: The Review of Economics and Statistics, Vol. 57, 1985, pp. 549–556.

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  8. Cf. D. Brand: Wachstum des Welthandels schwächt sich ab, in: ifo Schnelldienst, No. 6, 1991.

  9. Cf. V. Curzon Price: Welthandel: Mittel gegen den Protektionismus, in: Wirtschaftswoche, No. 19, 4/1991, p. 88–93.

  10. Cf. Latin American Monitor, July/August 1990.

  11. Cf. W. Cline: Elinterés de América Latina en la integración económica, in: Integración latinoamerica, No. 62, Buenos Aires, October 1981.

  12. Cf. D. Chudnovsky and F. Porta: On Argentine-Brazilian economic integration, in: CEPAL Review, No. 39, United Nations 1989.

  13. Cf. M. Collins: Latin America, A new litter of cubs?, in: Economic and Financial Prospects, Swiss Bank Corporation, No. 2, 1991.

  14. Cf. Latin American Monitor, Mexico and Brazil, July/August 1990.

  15. Cf. J. A. Castro and S. Marchese: Elacuerdo de libre comercio entre Estados Unidos y Canada y su impacto sobre el comercio de América Latina y el Caribe, UNCTAD Discussion Papers, No. 33, September 1990.

  16. Cf. M. Collins, op. cit. Latin America, A new litter of cubs?, in: Economic and Financial Prospects, Swiss Bank Corporation, No. 2, 1991.

  17. Source: The Economist Intelligence Unit, Country Report on Mexico, No. 1, 1991.

  18. Cf. Latin American Monitor, Mexico and Brazil, May 1991.

  19. Cf. Deutsche Bank Group, Deutsche Gesellschaft für Anlageberatung 1991.

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Brand, D. Free trade in Latin America: A successful way out of crisis?. Intereconomics 26, 286–295 (1991). https://doi.org/10.1007/BF02929013

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