There is growing opposition among many Latin American and Caribbean governments, and from a broad spectrum of civil society organizations, to the hemispheric free trade regime that the United States government and the international financial institutions and US transnational corporations have...

In this brief introductory essay, the main themes and issues addressed by the contributions to this collection of essays are analyzed within the current setting of globalization and development in Latin America and the Caribbean region. The region is undergoing profound transformations at all...

Popular resistance to globalization and neoliberalism in Latin America is extensive and has been increasing both in scale and intensity. The polyarchic neoliberal regimes in Latin America have responded to this increasing popular resistance by relying on two types of measures: (1) tactical...

In the context of the bond market, empirical tests of the rational expectations hypothesis (REH) have without exception been tests of the time-series properties of interest rates. However, the REH also imposes restrictions on the cross-section of bond yields at each point in time. This study...

This paper suggests a dual to the many-person applied welfare economics problem with constraints on lump-sum redistribution. The dual has the property of minimizing an aggregator function over individual income transfers. The properties of the aggregator are dependent upon the resource costs of...

This paper derives conditions under which prices may be set proportional to margin cost in some sectors of the economy when fixed distortions exist in other sectors. Two simple neo-classical economies are considered -- one with fixed producer prices and one with variable producer prices. In the...

Empirical literature on the impact of FDI has considered at length the indirect spillover benefits that accrue to domestic plants as a result of FDI presence. However, the imprecise and disparate nature of spillovers makes accurate definition and indeed measurement of them difficult to achieve....

HARRIS R. I. D. and LIU A. (1998) Input-output modelling of the urban and regional economy: the importance of external trade, Reg. Studies 32 , 851-862. The modelling of regional and local economies, especially through using the input-output (IO) approach, is a standard practice for many...