While Mexico’s growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets. The recent significant reductions in import tariffs should help the economy take fuller advantage of trade and...

The relationships between trade and growth have long been a subject of considerable controversy among economists. In the early post-World War II period, many economic leaders concluded that protective trade policies stimulated growth, and import substitution policies were widely adopted by...

ILO pub-WEP pub. Working paper discussing trade liberalization trade policies capable of promoting the integration of developing countries into the international economic system - comments on shortcomings of economic development associated with import substitution; examines the need to combine...