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...

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...

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 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 existing...