Trading Promises for Results: What Global Integration Can Do for Latin America and the Caribbean
Mauricio Mesquita Moreira · Ernesto H. Stein · Kun Li · Federico Merchán · Christian Volpe Martincus · Juan S. Blyde · Danielle Trachtenberg · Jorge Cornick · Jeffry Frieden · Marisol Rodríguez Chatruc · Rzavan Vlaicu · Víctor Zuluaga · Tomás Bril-Mascarenhas · Sergio Ardila · Piero Ghezzi · Thomas Reardon
Sep 2019 · Inter-American Development Bank
Ebook
381
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About this ebook
Thirty 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.
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