The debt crisis: a re-appraisal

The 1980s' debt crisis is a landmark in developing economies' growth and stabilization. According to the most quoted empirical articles, external shocks and vicissitudes gave rise to crisis just because of delays in stabilization policies, engendered by internal conflicts and institutional immaturity. I review some of these papers, and find out some problems - in the measurement of shocks and foreign indebtedness, namely - whose corrections lead to opposite results: external shocks and foreign indebtedness explain that crisis regardless of domestic policies. At the same time, the strong correlation of income distribution to terms of trade changes and foreign indebtedness suggest that inequality may have contributed differently to that crisis: either through an economic channel, or through a political channel based on delays in reforms.

Fortalecimiento de la cooperación birregional entre América Latina y Asia y el Pacífico El papel del FOCALAE

Incluye bibliografía

Some considerations on the possible effects of the failure of the United States Congress to renew the ATPDEA

Includes bibliography

The Brazilian experience in dispute settlement

Includes bibliography

Barbados: public-private sector partnership

Includes bibliography

Skill formation in Uruguay: what are the required labour qualifications for development?

Includes bibliography

El acuerdo de asociación económica entre Centroamérica y la Unión Europea: viabilidad, avances y perspectivas

Incluye Bibliografía

Los mercados en el Istmo Centroamericano y México: ¿qué ha pasado con la competencia?

Incluye Bibliografía

Condiciones generales de competencia en Guatemala

Incluye Bibliografía

La cooperación ambiental en los tratados de libre comercio

Incluye Bibliografía

Andean exchange-rate regimes, 1994-2003: a brief for stable but flexible" regimes"

Includes bibliography

Indexes of structural reform in Latin America

Includes bibliography

Regional integration in the 1990s

The renewed interest sparked by the potential for intraregional cooperation in Latin America and the Caribbean today has been reflected in numerous agreements regarding trade preferences and in attempts to establish free trade areas, customs unions or common markets. The possibility has even been discussed of setting up free trade arrangements on a hemispheric scale. This plethora of proposals inevitably raises a great many questions. What is the reason for this renewed interest? Are the differences between the schemes of today and those of the 1960s and 1970s significant enough to avert the obstacles and difficulties encountered by those earlier schemes? What are the most suitable mechanisms and instruments for promoting intra-Latin American integration? What are the defining characteristics of the various categories of integration initiatives, such as free trade areas, customs unions and common markets? Is it feasible to set up free trade areas involving countries having very dissimilar levels of development or macroeconomic policies? Would it be wise to work towards a gradual convergence of all these initiatives into a single, regionwide scheme? And most importantly: Just how functional would integration be in terms of the development strategies and policies adopted by the individual countries of the region? The various sections of this article attempt to answer, albeit tentatively, these questions.

Implications of the shift in United States farm policy

Includes bibliography

The renewed currency of Raúl Prebisch

Includes bibliography