Chapter 1: Contextualising the Belt and Road Initiative in South America -- Chapter 2: Foreign Policy Analysis: South American Countries’ Foreign Policy towards the BRI -- Chapter 3: Chile and the Belt and Road Initiative -- Chapter 4: Colombia and the Belt and Road Initiative -- Chapter 5:...

The paper reviews exchange rate options for Mercosur countries. We start from the observation that most of the countries in the region have a longstanding tendency to adopt fixed exchange rates, and ask how such a system could best be designed. The Argentine crisis has demonstrated that...

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, we extend the protection for sale' model to allow for different...

This paper analyses the determinants of transport costs for intra-Latin American trade over a period of six years (1999-2004). The data refer to yearly disaggregated (SITC 5 digit level) maritime trade flows on 277 trade routes. With this data set, a transport costs equation is estimated using...

For many in Latin America, the increasing participation of China and India in international markets is seen as a looming shadow of two mighty giants on the region's manufacturing sector. Are they really mighty giants when it comes to their impact on manufacturing employment? This paper attempts...

I construct a theory of foreign interventions in which the preferences of the foreign country over alternative local groups are determined by each group's international economic ties. In equilibrium, the foreign country supports the group with which it has the strongest ties, since this is most...

Trade with nontraditional and distant markets has always been regarded as worth exploring in an effort to increase market shares amidst the downside effects of globalization and regional trade cooperation. While globalization processes paved the way for increased competition and opening up of...

The purpose of this paper is to inform the contemporary policy debate on promoting trade among developing countries (South–South trade) by analyzing trade patterns of developing Asian economies from a comparative global perspective. The paper begins with a stage-setting historical overview of...

This paper focuses on the analysis of the relationship between maritime trade and transport cost in Latin America. The data available are disaggregated (SITC 5 digit level) maritime trade flows on trade routes within Latin America over the period 1999-2004. The contribution to the literature is...

This paper adopts a flexible framework to assess both short- and long-run business cycle linkages between six Latin American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the period 1980:I-2011:IV. The result indicate that within...