Regional trade arrangements have recently attracted growing interest, as existing schemes are either being extended or revived and new groupings are being formed. This study reviews recent initiatives and the experience with regional integration in industrial and developing countries and...

Introduction [or giving Latin America's majority a fair chance] -- A dozen equity tools -- Rule-based fiscal discipline -- Smoothing booms and busts -- Social safety nets that trigger automatically -- More taxes on the rich and better spending on the rest -- Giving small businesses a chance --...