Latin American countries have not had much experience with competition policy. Restricted trade policies, together with no competition policy, have often resulted in domestic monopolies. Trade liberalization in the 1980s and 1990s has strengthened import competition, but trade policies alone...

As Latin American and Caribbean countries have liberalized their trade regimes, they have enthusiastically adopted antidumping measures that reduce competition. Competition laws are only beginning to make their appearance in the region. Antidumping and competition policies are strangers in the...

Economic development during the last thirty years provides a continuing experiment from which important lessons can be learned. These lessons are both positive and negative. One can learn from those that have succeeded as well as those that have failed. Among those that have succeeded, the East...

During the past decade, many countries in Latin America and the Carib-bean that previously were plagued by high inflation, a large debt burden, and low growth have transformed themselves into stable, capital-receiv-ing, and growing economies. They achieved this by implementing high-quality...

This paper examines the main distinctions between the General Agreement on Tariffs and Trade (GATT) and regional trading arrangements (RTAs), noting that under the former, liberalization of trade is based on the most favored nation (MFN) principle, while under the latter, there is a departure...

Utilities are characterized by three features: first, their required technologies are commonly considered specific, sunk investments; second, they display aspects of natural monopoly, including economies of scale and scope in the physical provision of basic services, economies of scale in...

The nexus of real exchange rate (RER) and capital inflows is examined through a comparative analysis of the experiences of emerging market economies in Asian and Latin America during the period 1985-2000. It is found that the degree of appreciation in RER associated with capital inflow is...

This clear-headed account traces the relationship of the developing countries with the world economy, the factors leading to trade reforms, and the political economy aspects of reform.

Fourteen essays by experienced political leaders, researchers and scholars examine the political economy and international relations of the Caribbean. Strategies for sustainable development include proposals to link productive structures among private sectors and increase institutional flexibility.

This clear-headed account traces the relationship of the developing countries with the world economy, the factors leading to trade reforms, and the political economy aspects of reform.