A major feature in Mercosur agreement is the presence of asymmetries among members, in terms of size as well as in development of regions involved. This is one key issue for the success of the process of integration. This paper analyses the regional impacts of trade policies, based on a general...

The objective of this document is to analyze the tariff component of the MERCOSUR common trade policy, in order to determine the effective level of harmonization reached between member countries. The common trade policy and its creation process are described, indicating the main deflections from...

The reallocation of resources is one of the main impacts of trade liberalization processes. In the case of manufacturing industries resources will be reallocated from import--competing sectors to export--oriented sectors. This paper studies the effects that a more open economic environment has...

Several studies estimate TFP for the Uruguayan economy at an aggregate level (Bucacos,2000; Blyde et al, 2004; Fossati et al, 2005; De Brum, 2004). Though they use generally similar estimation methodologies they find contradictory evidence. In this paper we discuss possible explanations to these...

Development of globalization carries permanently changes in international trade relationships both in goods and increasingly in services. There are an increasing number of economic activities that are traded worldwide. This paper boards old and new issues of globalization from three points of...