IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v11y1972i1p1-17.html
   My bibliography  Save this article

Trade Liberalization And Structural Changes In Latin America

Author

Listed:
  • J. Ahmad

Abstract

Wide disparities in growth potential and performance and hence, presumably an unequal sharing of benefits of trade liberalization, are among the most pressing issues facing the future course of economic integration in South America. The customary indices of changes in intra‐zonal trade among members of a preferential trade area do not adequately capture these tensions. This paper develops a framework based on differential rates of growth for analyzing the relative changes in production structure and per capita income in each member country vis‐à‐vis the corresponding set of free‐trading partners. The empirical investigation is carried out for member countries of the Latin American Free Trade Association (LAFTA) and of the Central American Common Market (CACM) for the period of their existence. Preliminary results suggest that although ‘reciprocity’ of benefits has been an elusive goal, there is no evidence that structural imbalance in the continent is worsening. In fact, in terms of per capita incomes there appears to be a modest trend toward convergence.

Suggested Citation

  • J. Ahmad, 1972. "Trade Liberalization And Structural Changes In Latin America," Journal of Common Market Studies, Wiley Blackwell, vol. 11(1), pages 1-17, September.
    • Handle: RePEc:bla:jcmkts:v:11:y:1972:i:1:p:1-17
    DOI: 10.1111/j.1468-5965.1972.tb00663.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-5965.1972.tb00663.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-5965.1972.tb00663.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:11:y:1972:i:1:p:1-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.