What can be said of Latin America and the Caribbean's experiment with regional integration? Did it live up to the expectations? What does this experience say about the regional integration agenda moving forward? Do the tectonic changes undergone by the world economy in the last quarter of a...

Most microeconometric studies available for LAC have focused on measuring the direct impact of trade on plant productivity leaving aside other effects that arise through the market selection process. Additionally, most studies have focused on tariff barriers as the only obstacle to international...

In the last decade, the economic performance of Latin America and the Caribbean (LAC) were radically transformed by the emergence of China--a fast growing, immensely populous and resource-scarce economy--which has brought both opportunities and challenges for all countries in the region. While...

Driven by declining import tariffs, poor infrastructure and increasing specialization in transport-intensive goods, transport costs are arguably today’s most formidable obstacles to trade in Latin America and the Caribbean (LAC). However, little knowledge is available on their trade impacts in...

Brazil’s trade and industrial policies in the last decade has taken an increasingly sharp turn towards boosting and protecting the local manufacturing industry, particular after the 2008 financial crisis. This paper reviews these policies and their initial results and argues that, while they...