In this paper we estimate the early effect of the European Monetary Union (EMU) on trade. We use a panel data set that includes the most recent information on bilateral trade for 22 developed countries from 1992 through 2002. During this period 12 European countries formally entered into a...

This document is a synthesis of the region's most pertinent top priorities, of achievements undergone during recent years, and of the challenges and opportunities the region will face in the near future.Abstract: Los países pertenecientes a la región andina han realizado, durante los últimos...

The paper is concerned with the high protection cum high growth experience in Brazil until the second half of the 1980s and its crisis. The paper is structured in four sections. The first section is a summary of the arguments presented in the following three sections of the paper. Section II...

A casual observer would be forgiven for concluding that these are both the best and the worst of times for eliminating barriers to international trade and investment. On the plus side, developed countries are firmly committed to the trade liberalization agenda.Abstract: A un observador fortuito...

This paper was developed for the Regional Policy Dialogue on Trade and Integration Network in August of 2002. This paper is an in-depth discussion of how agriculture occupied a sideline position during the negotiations for the formation of the FTAA and WTO. Main topics in regards to the...

The benefits of the FTAA to Latin American countries will materialize through two channels: improved access to the region's markets, and enhanced growth prospects through the strengthening of basic economic institutions. Furthermore, the importance of these negotiations is heightened by the fact...

The available evidence on the effects of aid on growth is notoriously mixed. We use a novel empirical methodology, a heterogeneous panel vector-autoregression model identified through factor analysis, to study the dynamic response of exports, imports, and per capita GDP growth to a "global" aid...

This paper discusses Suriname's efforts in regional integration initiatives, starting in the 1990s. In the first section, the authors identify some concrete initiatives undertaken by Suriname to broaden and diversify its economic links, and highlight the many barriers that remain to be overcome...

El propósito de este trabajo es analizar la agenda de negociación del Acuerdo de Libre Comercio de las Américas (ALCA), los principales intereses de los participantes, así como los conflictos fundamentales que pudiesen surgir en el camino. Para ello, se hace una revisión de los intereses...

The interest of specific Latin American economies in the successful completion of the Free Trade Area of the Americas (FTAA) negotiations is very heterogeneous. A list of relevant factors to explain such divergences would include geographic orientation of trade, composition of exports, degree of...