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The Instability of Intra-Latin American and Caribbean Exports and Exchange Rates

In: Foreign Investment, Debt and Economic Growth in Latin America

Author

Listed:
  • Florencio Ballestero
  • Francisco Thoumi

Abstract

One of the main justifications used to promote systems of economic integration in Latin America was the need to dampen the effects of the fluctuations of the value of the region’s exports to the rest of the world. The advocates for economic integration expected that the Latin American regional market would provide a more stable base for development than the markets of the developed world, as export instability was deemed to cause a lower over-all volume of trade and thus, to affect the growth of the economy.

Suggested Citation

  • Florencio Ballestero & Francisco Thoumi, 1988. "The Instability of Intra-Latin American and Caribbean Exports and Exchange Rates," Palgrave Macmillan Books, in: Antonio Jorge & Jorge Salazar-Carrillo (ed.), Foreign Investment, Debt and Economic Growth in Latin America, chapter 7, pages 59-81, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08311-4_7
    DOI: 10.1007/978-1-349-08311-4_7
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