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...

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...

This major Handbook offers a comprehensive analysis of the key issues surrounding the rapid expansion of Latin America's manufacturing sector. It systematically examines the most important factors influencing the comparative advantages and the globalization of manufacturing industries in the region.

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.

Regional integration initiatives have surged in Latin America while many countries have undertaken unilateral trade liberalization and external market access prospects have improved with the successful conclusion of the Uruguay Round. This paper examines and ranks the integration choices faced...

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.