Assessment of latin American and Caribbean Countries in the international economy

Farhang Niroomand and Edward Nissan

International Advances in Economic Research, 2002, vol. 8, issue 2, 128-134

Abstract: Based on the construction of two composite indices for economic integration, this paper looks at the hierarchical position of Latin America and the Caribbean. The two indices, called the speed of integration and the initial level of integration, are composed of changes and initial values of real trade as a share of GDP, institutional investor rating, FDI as a share of GDP, and manufacturing export as a share of GDP. Mexico ranked first and Peru ranked last for the speed index, while Trinidad and Tobago ranked first and Nicaragua ranked last for the initial level index. Copyright International Atlantic Economic Society 2002

Date: 2002
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DOI: 10.1007/BF02295343

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