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Trade Liberalization in the Americas: are Regionalism and Globalization Compatible?


  • David Roland-Holst
  • Dominique van der Mensbrugghe


Trade liberalization across the Americas holds the potential to substantially improve living standards and present a successful model of North-South regionalism. In this paper, we use a global CGE model to assess the effects of such an arrangement for both member and non-member economies. We also evaluate a number of other issues, including incentive compatibility of the regional agreement for individual members and its structural compatibility with the larger agenda of global trade liberalization.

Suggested Citation

  • David Roland-Holst & Dominique van der Mensbrugghe, 2003. "Trade Liberalization in the Americas: are Regionalism and Globalization Compatible?," Economie Internationale, CEPII research center, issue 94-95, pages 17-31.
  • Handle: RePEc:cii:cepiei:2003-2q-3qa

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    General Equilibrium Model; Regional Integration; Trade Regimes;

    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling


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