Regional integration initiatives have long been part of the world economic landscape. In Latin America, integration flourished in the early post-war era but then lost momentum until the 1990s, when there was a new wave of initiatives ranging from free trade areas to customs unions. This Report...

During much of the previous era of globalization, from the 1860s until the First World War, U.S. tariffs were surprisingly high. Present-day economic historians have suggested that U.S. protection as the result of a backlash against globalization that was the beginning of its decline. They have...