Cajias, Jose Peres; Badia-Miro, Marc; Carreras-Marin, Anna - Facultat d'Economia i Empresa, Universitat de Barcelona - 2012
With the exception of the North American Free Trade Agreement (NAFTA), trade integration is still modest in Latin America, at around 20% of total trade. Surprisingly, these levels were higher in 1945, when the figure for imports stood at 25.6%. Paradoxically, this result shows that trade...