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The United States and Foreign Competition in Latin America

In: The United States in the World Economy

Author

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  • Sebastian Edwards
  • Thomas O. Enders
  • Jesus Silva-Herzog

Abstract

This paper analyzes the evolution of the U.S. trade relations with Latin America, investigating the possible path that these relations will take in the future. The data analyzed show that during the last 15 years or so there has been no significant loss in the U.S. aggregate competitive position in Latin America. However, there has been a significant change in the composition of U.S. exports to the Latin American nations. The paper also deals with issues related to direct foreign investment in Latin America, comparing the importance of the U.S. and other nations. Finally, the role of international trade in the solution of the current Latin American debt crisis, and in the reassumption of sustained growth in the region is discussed.
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Suggested Citation

  • Sebastian Edwards & Thomas O. Enders & Jesus Silva-Herzog, 1988. "The United States and Foreign Competition in Latin America," NBER Chapters, in: The United States in the World Economy, pages 9-77, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:6218
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    References listed on IDEAS

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    1. Anne O. Krueger, 1983. "Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions," NBER Books, National Bureau of Economic Research, Inc, number krue83-1, July.
    2. N/A, 1985. "Asia," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 80-87, January.
    3. Calvo, Guillermo A, 1986. "Fractured Liberalism: Argentina under Martinez de Hoz," Economic Development and Cultural Change, University of Chicago Press, vol. 34(3), pages 511-533, April.
    4. Evans, Peter B., 1986. "State, capital, and the transformation of dependence: The Brazilian computer case," World Development, Elsevier, vol. 14(7), pages 791-808, July.
    5. Sebastian Edwards & Liaquat Ahamed, 1986. "Economic Adjustment and Exchange Rates in Developing Countries," NBER Books, National Bureau of Economic Research, Inc, number edwa86-1, July.
    6. Sebastian Edwards & Liaquat Ahamed, 1986. "Introduction to "Economic Adjustment and Exchange Rates in Developing Countries"," NBER Chapters, in: Economic Adjustment and Exchange Rates in Developing Countries, pages 1-16, National Bureau of Economic Research, Inc.
    7. Vittorio Corbo, "undated". "Chile: Economic Policy and International Economic Relations since 1970," Documentos de Trabajo 86, Instituto de Economia. Pontificia Universidad Católica de Chile..
    8. Anne O. Krueger & Hal B. Lary & Terry Monson & Narongchai Akrasanee, 1980. "Trade and Employment in Developing Countries, Volume 1: Individual Studies," NBER Books, National Bureau of Economic Research, Inc, number krue80-1, July.
    9. Hanson, James & de Melo, Jaime, 1985. "External shocks, financial reforms, and stabilization attempts in Uruguay during 1974-1983," World Development, Elsevier, vol. 13(8), pages 917-939, August.
    10. Anne O. Krueger, 1983. "Trade and Employment in Less Developed Countries: The Questions," NBER Chapters, in: Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions, pages 1-9, National Bureau of Economic Research, Inc.
    11. Rudiger Dornbusch, 1986. "Multiple Exchange Rates for Commercial Transactions," NBER Chapters, in: Economic Adjustment and Exchange Rates in Developing Countries, pages 143-174, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Sebastian Edwards, 1998. "Capital Inflows into Latin America: A Stop-Go Story?," NBER Working Papers 6441, National Bureau of Economic Research, Inc.
    2. Johnston, Paul V., 1992. "Trade Dependency Index Tables for Total, Merchandise and Agricultural Trade, 1960-88," Statistical Bulletin 154764, United States Department of Agriculture, Economic Research Service.
    3. Johnston, Paul V., 1992. "Three Measures of Trade Dependence: A Critique," Staff Reports 278633, United States Department of Agriculture, Economic Research Service.

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