Evaluating Integration Choices: The Case of Bolivia

Sarath Rajapatirana ()
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Sarath Rajapatirana: World Bank, Postal: Economic Advisor in the Operations Policy Department at, the World Bank, 1818 H. Street N.W. Washington, D.C. 20433, U.S.A.

Journal of Economic Integration, 1997, vol. 12, 298-324

Abstract:

Regional integration initiatives have surged in Latin America while many countries have undertaken unilateral trade liberalization and external market access prospects have improved with the successful conclusion of the Uruguay Round. This paper examines and ranks the integration choices faced by one such country: Bolivia. To the extent that different regional trade agreements fol - low World Trade Organization rules, these agreements could increase market access and allow the countries to realize gains beyond those provided by unilat - eral liberalization. In this sense, a regional trade arrangement is not inconsis - tent with multilateral free trade based on the most-favored-nation (MFN) prin -ciple. In the final analysis with Bolivia, regional integration is not merely a matter of economics but relates to domestic and regional politics. To this end, MFN trade with concessions from both MERCOSUR and ANDEAN Group ranks best among the choices facing Bolivia.

Keywords: Evaluating; Integration; Choices (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0051

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