Intraregional trade in South America, 1913-50. Economic linkages before institutional agreements
With the exception of the North American Free Trade Agreement (NAFTA), trade integration is still modest in Latin America, at around 20% of total trade. Surprisingly, these levels were higher in 1945, when the figure for imports stood at 25.6%. Paradoxically, this result shows that trade integration reached its peak before trade integration agreements were signed. To understand the reasons for this, we examine intraregional trade throughout the interwar period (1913-1950). We analyze five national cases: Argentina, Bolivia, Brazil, Chile and Peru. As far as we know, this is the first paper in the literature on intraregional trade during the interwar period. There are other papers on intraregional trade in Latin America, but they focus on the period after the 1960s. The analysis of intraregional trade in the interwar period is also useful to the Latin American industrialization debate. Given the disruption in world trade flows and the existence of some industrial capacity, the paper looks at any possible increase in intra-industry trade. There are two main conclusions: a) with the exception of the World War periods, intraregional trade has been low since 1913; b) in general, intraregional trade reflects the overall trade specialization: there is a high concentration of low value added products.
|Date of creation:||2012|
|Contact details of provider:|| Postal: Espai de Recerca en Economia, Facultat de CiÃ¨ncies EconÃ²miques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain.|
Phone: +34 93 402 43 13cazza
Web page: http://www.ere.ub.es
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Calderon, Cesar & Chong, Alberto & Stein, Ernesto, 2007.
"Trade intensity and business cycle synchronization: Are developing countries any different?,"
Journal of International Economics,
Elsevier, vol. 71(1), pages 2-21, March.
- César Calderón & Alberto Chong & Ernesto Stein, 2002. "Trade Intensity and Business Cycle Synchronization: Are Developing Countries Any Different?," Working Papers Central Bank of Chile 195, Central Bank of Chile.
- César Calderón & Alberto E. Chong & Ernesto H. Stein, 2003. "Trade Intensity and Business Cycle Synchronization: Are Developing Countries any Different?," IDB Publications (Working Papers) 6501, Inter-American Development Bank.
- César Calderón & Alberto Chong & Ernesto H. Stein, 2003. "Trade Intensity and Business Cycle Synchronization: Are Developing Countries any Different?," Research Department Publications 4315, Inter-American Development Bank, Research Department.
- Antonio Tena Junguito, 1992. "Las estadísticas históricas del comercio internacional: fiabilidad y comparabilidad," Estudios de Historia Económica, Banco de España;Estudios de Historia Económica Homepage, number 24.
- Tito Boeri & J. Ignacio Conde-Ruiz & Vincenzo Galasso, 2006.
"The Political Economy of Flexicurity,"
- Federico, Giovanni & Tena, Antonio, 1991. "On the accuracy of foreign trade statistics (1909-1935): Morgenstern revisited," Explorations in Economic History, Elsevier, vol. 28(3), pages 259-273, July.
- Colistete, Renato P., 2010. "Revisiting Import-Substituting Industrialisation in Post-War Brazil," MPRA Paper 24665, University Library of Munich, Germany.
- Carlos Contreras, 2004. "El aprendizaje del capitalismo. Estudios de historia económica y social del Perú republicano," Libros de otras Editoriales, Departamento de Economía - Pontificia Universidad Católica del Perú, edition 1, number otr-2004-02, March.
- M. d. MAR RUBIO & CÉSAR YÁÑEZ & MAURICIO FOLCHI & ALBERT CARRERAS, 2010. "Energy as an indicator of modernization in Latin America, 1890-1925," Economic History Review, Economic History Society, vol. 63(3), pages 769-804, 08.
- Ocampo, José Antonio & Parra, María Angela, 2003. "Los términos de intercambio de los productos básicos en el siglo XX," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), pages -, April.
- Ocampo, José Antonio & Parra-Lancourt, Mariángela, 2010. "The terms of trade for commodities since the mid-19th century," Revista de Historia Económica, Cambridge University Press, vol. 28(01), pages 11-43, March.
When requesting a correction, please mention this item's handle: RePEc:bar:bedcje:2012270. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Espai de Recerca en Economia)
If references are entirely missing, you can add them using this form.