An increasingly important component of total world trade is intra-industry trade (IIT). The large volume of literature on IIT is reflective of this importance. However, this extensive literature has focused almost completely on explaining the causes of IIT. This focus has left a puzzling gap in...

We describe expansion patterns by U.S. companies in Latin America and the Caribbean (LAC) between 1980 and 2005 using a unique sample that utilizes country, industry and time-series information on firms’ investments. We build on previous research to explore the effect of experience on firms’...

Latin America and the world economy -- Latin American economic history -- Economic growth and Latin America -- Growth and the environment in Latin America -- Latin America and primary commodities -- Import substitution in Latin America -- Latin American trade policy -- Exchange rate policy --...