Trade liberalization is arguably a major issue in the conduct of commercial policy. As a component of it, the relationship between universal, multilateral trade liberalization and the conclusion of preferential trade agreements - that is, a process of liberalization which discriminates between...

As a rule, preferential trade agreements between countries in Latin America and the Caribbean will probably be far less meaningful than they are in Europe or even than they are in the Asia-Pacific region. But most Latin American countries would benefit from such an agreement with the United...

"Analyzes issues and elements crucial for comprehending the patterns and behaviour of global trade and for forming expectations for its future developments Provides an alternative and more plausible answers to the question of the impact of distance on the size and directions of global trade...

This paper raises the question when both goods and factors can move in an opening of two countries' borders whether it is possible to say a priori which of the two would move and which moves faster as both move. The paper notes that this question should be answered in terms of the extent of the...

In the past decade a sea change has taken place in trade policies in Latin America: within a few years, most of the region's economies have changed from restrictive to open policies. But unlike trade liberalization in Europe, most trade barriers in Latin America have been reduced unilaterally....