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The United States and Foreign Competition in Latin America

In: The United States in the World Economy

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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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This chapter was published in:

  • Martin Feldstein, 1988. "The United States in the World Economy," NBER Books, National Bureau of Economic Research, Inc, number feld88-1, July.
    This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 6218.

    Handle: RePEc:nbr:nberch:6218

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    1. Anne O. Krueger & Hal B. Lary & Terry Monson & Narongchai Akrasanee, 1980. "Trade and Employment in Developing Countries, 1: Individual Studies," NBER Books, National Bureau of Economic Research, Inc, number krue80-1, July.
    2. 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.
    3. 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.
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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.

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