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dc.titleTrading Promises for Results: What Global Integration Can Do for Latin America and the Caribbean
dc.contributor.authorArdila, Sergio
dc.contributor.authorBlyde, Juan S.
dc.contributor.authorBril-Mascarenhas, Tomás
dc.contributor.authorCornick, Jorge
dc.contributor.authorFrieden, Jeffry
dc.contributor.authorGhezzi, Piero
dc.contributor.authorLi, Kun
dc.contributor.authorMerchán, Federico
dc.contributor.authorMesquita Moreira, Mauricio
dc.contributor.authorRodríguez Chatruc, Marisol
dc.contributor.authorReardon, Thomas
dc.contributor.authorStein, Ernesto H.
dc.contributor.authorTrachtenberg, Danielle
dc.contributor.authorVolpe Martincus, Christian
dc.contributor.authorVlaicu, Razvan
dc.contributor.authorZuluaga, Víctor
dc.contributor.editorMesquita Moreira, Mauricio
dc.contributor.editorStein, Ernesto H.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageLatin America and the Caribbean
dc.date.available2019-11-26T00:00:00
dc.date.issue2019-11-25T09:00:00
dc.description.abstractThirty years after the region embarked on large-scale liberalization, trade policy could have been expected to become all but irrelevant. Instead, a mismatch between expectations and what could realistically be delivered set the stage for much of the disappointment, skepticism, and fatigue regarding trade policy in the region, particularly in the early 2000s. By setting the bar unrealistically high, governments and analysts made trade policies an easy target for special interests that were hurt by liberalization and for those ideologically opposed to free trade. The most immediate victims were the more tangible growth and welfare gains, whose relevance was lost amid the noise of grandiose visions. Liberalization made most countries better off, on the back of substantive productivity gains. The growth results are also impressive. On the other hand, the employment and inequality outcomes fell short of expectations. Acknowledging these lessons on the limits of trade and investment policies and the need for complementary action is important, but putting together an effective policy agenda for the future involves other challenges—some old, some new—brought on by geopolitical and technological changes. Trade is a hot issue in today’s world, and this book provides informed suggestions on how Latin America and the Caribbean can successfully confront this heat.
dc.format.extent381
dc.identifier.doihttp://dx.doi.org/10.18235/0001886
dc.identifier.isbn9781597823654
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Trading_Promises_for_Results_What_Global_Integration_Can_Do_for_Latin_America_and_the_Caribbean.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/De_promesas_a_resultados_en_el_comercio_internacional_Lo_que_la_integración_global_puede_hacer_por_América_Latina_y_el_Caribe.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/portuguese/document/Trocando-promessas-por-resultados-O-que-a-integracao-global-pode-fazer-pela-America-Latina-e-o-Caribe.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.relation.seriesDevelopment in the Americas
dc.subjectIntegration and Trade
dc.subjectInternational Trade
dc.subjectTrade Policy
dc.subjectFree Trade
dc.subjectGlobalization and Regionalization
dc.subjectTariff System
dc.subjectTrade Agreement
dc.subjectRegional Export
dc.subjectExport
dc.subjectEquality
dc.subject.jelcodeF15 - Economic Integration
dc.subject.jelcodeF10 - Trade: General
dc.subject.jelcodeF21 - International Investment • Long-Term Capital Movements
dc.subject.jelcodeF16 - Trade and Labor Market Interactions
dc.subject.jelcodeF60 - Economic Impacts of Globalization: General
dc.subject.jelcodeF66 - Labor
dc.subject.jelcodeF61 - Microeconomic Impacts
dc.subject.jelcodeF62 - Macroeconomic Impacts
dc.subject.jelcodeF68 - Policy
idb.identifier.pubnumberIDB-BK-00217
idb.operationBK-C2036
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