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...

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...

This paper's main concern is to assess which "industrial policies" would be meaningful for Latin America nowadays. The first section introduces the theme while the second section considers definitions of "industrial policies" and their nature in the past. The third section centers on national...

The paper analyses aspects of trade liberalization and the political economy of protection in Brazil since 1987. Section I considers the internal and external constraints to the continued adoption of a strategy based on import substitution industrialization. In section II trade liberalization up...

Internal rates of return of Brazilian loans floated between 1824 and 1931 fell below those of British and US government consols and bonds only for some of the loans floated after the beginning of the twentieth century. Higher volatility of yearly rates of return was rewarded by higher returns...

La Revista Integración & Comercio del BID incluye artículos referidos a las distintas manifestaciones del proceso de integración en América Latina y el Caribe, a la integración hemisférica y, también, a los procesos con igual orientación que se llevan a cabo en otras partes del mundo....

This paper surveys the formation and development of insurance business in Brazil. It describes its origins, from the colonial times and imperial era to recent events. Particular attention is given to regulatory changes, showing how they evolved in response to macroeconomic shocks that affected...