Mexican unilateral trade liberalization in the middle of a global economic crisis
AbstractFacing the global economic crisis, in October 2008 the Mexican government announced the ‘Programme to Promote Growth and Employment’ consisting of five steps. One of them resulted in an ambitious unilateral effort to reduce most-favoured nation tariffs. The unilateral liberalization decision emerged as a measure to encourage growth, at a time of global economic crisis. This policy is based on the wide margin of action that the government of Mexico has in improving its foreign trade regulation. This paper reviews the logic of the implementation of tariff dismantling by a developing economy such as Mexico. It analyses the Mexican trade liberalization phases and explains the negative impact on the Mexican economy’s competitiveness of high import tariffs with non-preferential trade partners. Finally, this paper presents preliminary estimates of the impact that the phase-out of Mexican tariffs had on imports during its first year of implementation. Copyright 2012, Oxford University Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review Of Economic Policy.
Volume (Year): 28 (2012)
Issue (Month): 2 (SUMMER)
Contact details of provider:
Web page: http://oxrep.oupjournals.org/
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.