The Central American Common Market

Victor G. Bulmer-Thomas

Chapter 13 in International Economic Integration, 1988, pp 284-313 from Palgrave Macmillan

Abstract: Abstract The Central American Republics of Costa Rica, Nicaragua, El Salvador, Guatemala and Honduras have a tradition of union, both of the political and economic kind. Ruled as one territory by Spain under the Audiencia de Guatemala in the colonial epoch, they continued as one nation for the first twenty-one years of independence (1821–42). There followed a century of attempts at political (and sometimes economic) union among sub-groups of the five republics (Karnes, 1961), before the final, successful movement towards economic integration began in the 1950s.

Keywords: Direct Foreign Investment; Shadow Price; Trade Diversion; Trade Creation; Central American Country (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-09163-8_13

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