This paper introduces a special issue on the microeconomics of Latin America under the New Economic Model (NEM). The paper reviews the rationale and policies of the NEM, and analyzes the impact of the reforms at the macroeconomic, sectoral and microeconomic levels. At the firm level, the...

Although most Latin American and Caribbean countries have greatly increased their exports during the early 1990s, the goal of moving towards higher value added products in their export structure is proving as elusive as during the import substitution industrialization period. This paper brings...