IDEAS home Printed from https://ideas.repec.org/p/oec/devaaa/66-en.html
   My bibliography  Save this paper

Latin America in a Changing Global Environment

Author

Listed:
  • Winston Fritsch

Abstract

Latin America's insertion in the world trade system is entering a period of historical change. Driving that change will be the outcome, or failure, of the Uruguay Round of multilateral trade negotiations; the increasing regionalisation of trade relations; and the profound liberalisation in Latin America of national trade regimes, which is also leading to a strong revival in the region of sub-regional integration schemes. The interaction between changes in the region's trade regimes and changes in the global determinants of foreign direct investment in manufacturing are affecting the locational advantages of Latin America as a recipient of direct investment flows as well. The effects on Latin America of regionalisation in Europe and in the Western Hemisphere are, overall, benign. "EC 1992" is likely to have a positive net impact on Latin America's exports unless dramatic, and unlikely, discriminatory measures against third parties are introduced in conjunction with the creation of the ... Un bouleversement historique est en train de se produire dans le processus d'insertion de l'Amérique latine au sein du système mondial des échanges. Le sens de ce bouleversement se manifestera par l'échec ou le succès des négociations de l'Uruguay Round sur les échanges multilatéraux, par un accroissement des échanges régionaux et, en Amérique latine, par une profonde libéralisation des systèmes d'échanges nationaux qui va également provoquer dans la région un net regain d'intérêt pour les modèles d'intégration sub-régionaux. L'interaction entre les changements se produisant dans les systèmes régionaux et ceux qui déterminent globalement l'investissement direct dans le secteur industriel a aussi des conséquences sur les avantages géographiques que représente l'Amérique latine en tant que bénéficiaire de l'investissement direct. En Amérique latine, les effets de la régionalisation en Europe et dans l'hémisphère occidental sont , dans l'ensemble, bénins. "L'Europe de I992" devrait ...

Suggested Citation

  • Winston Fritsch, 1992. "Latin America in a Changing Global Environment," OECD Development Centre Working Papers 66, OECD Publishing.
  • Handle: RePEc:oec:devaaa:66-en
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1787/310764374447
    Download Restriction: no

    References listed on IDEAS

    as
    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. W. Max Corden, 1988. "Debt Relief and Adjustment Incentives," IMF Staff Papers, Palgrave Macmillan, vol. 35(4), pages 628-643, December.
    3. Jeffrey D. Sachs, 1989. "Developing Country Debt and Economic Performance. The International Financial System," NBER Chapters,in: Developing Country Debt and Economic Performance, Volume 1: The International Financial System, pages -12 National Bureau of Economic Research, Inc.
    4. Alain Ize & Guillermo Ortiz, 1987. "Fiscal Rigidities, Public Debt, and Capital Flight," IMF Staff Papers, Palgrave Macmillan, vol. 34(2), pages 311-332, June.
    5. Jeffrey D. Sachs, 1989. "Introduction to "Developing Country Debt and the World Economy"," NBER Chapters,in: Developing Country Debt and the World Economy, pages 1-34 National Bureau of Economic Research, Inc.
    6. Jeffrey D. Sachs, 1989. "Developing Country Debt and the World Economy," NBER Books, National Bureau of Economic Research, Inc, number sach89-3.
    7. Philippe Callier, 1989. "Debt Relief and Adjustment Incentives in a Financially Open Economy: Comment on Corden," IMF Staff Papers, Palgrave Macmillan, vol. 36(2), pages 514-522, June.
    Full references (including those not matched with items on IDEAS)

    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:oec:devaaa:66-en. 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: (). General contact details of provider: http://edirc.repec.org/data/dcoecfr.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.