Trade and Growth: Past Experience and Perspectives for Latin America

Marcelo Paiva Abreu

Chapter 10 in Economic Growth with Equity, 2007, pp 220-241 from Palgrave Macmillan

Abstract: Abstract The collapse of the gold exchange standard in the late 1920s led Latin American countries (LACs) to seek new growth strategies as natural answers to specific developments rather than as conscious strategies resulting from public debate. In the largest economies, this followed a well-known pattern. First, there was a deepening of import substitution industrialization in the wake of the balance of payments shock. In some of them, such as Brazil and Mexico, this was only a new step in a process with roots before the turn of the twentieth century.

Keywords: World Trade Organization; Trade Liberalization; Dominican Republic; Industrial Policy; Market Access (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80091-5_10

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DOI: 10.1057/9780230800915_10

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