The paper examines policy recommendations for export promotion and accepts distortion-correction as the objective that fits well with received trade theory, policy experience and political economy considerations. Evaluating the new trade theory that has the objective of capturing a larger share...

The nexus of real exchange rate (RER) and capital inflows is examined through a comparative analysis of the experiences of emerging market economies in Asian and Latin America during the period 1985-2000. It is found that the degree of appreciation in RER associated with capital inflow is...

Latin American countries have not had much experience with competition policies in the past. Combined with restrictive trade policies, the absence of competition policies has often led to monopolized domestic markets. The strong trade liberalizations in Latin America during the 1980s and the...

Economic development during the last thirty years provides a continuing experiment from which important lessons can be learned. These lessons are both positive and negative. One can learn from those that have succeeded as well as those that have failed. Among those that have succeeded, the East...

Fourteen essays by experienced political leaders, researchers and scholars examine the political economy and international relations of the Caribbean. Strategies for sustainable development include proposals to link productive structures among private sectors and increase institutional flexibility.