The Role of World Trade Policy: a Latin American Viewpoint

Santiago P. Macario

Chapter 3 in Latin America in the International Economy, 1973, pp 58-87 from Palgrave Macmillan

Abstract: Abstract The economic development of any country is essentially its own responsibility and must basically depend upon its own economic policy and internal efforts. There are, however, considerable limitations both on a country’s freedom of decision and action in the field of economic policy and on the effectiveness of its actions — particularly in respect of external trade policy. Such restraints are an inevitable result of the interplay of international economic relations; they imply limitations to national sovereignty at the economic, and therefore also at the political, level, at least vis-à-vis the exterior.

Keywords: World Trade; Trade Policy; Economic Dependence; Contracting Parti; International Monetary System (search for similar items in EconPapers)
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-01728-7_3

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DOI: 10.1007/978-1-349-01728-7_3

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