The Development Implications of External Integration in Latin America

José Antonio Ocampo

No wp-2012-048, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper analyses the links between the integration into the international economy and development in Latin America over the past quarter century. It argues that external liberalization led to faster export growth but not to faster GDP or productivity growth. Growth also became more volatile, reflecting large vulnerabilities to external shocks.

Keywords: Economic integration; Foreign exchange; International trade; Production (Economic theory); Regional economics (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (11)

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