Annual World Bank Conference on Development in Latin America and the Caribbean, 1997 : Trade, towards open regionalism:proceedings of a conference held in Montevideo, Uruguay
This third Annual Bank Conference on Development in Latin America and the Caribbean (LAC) focuses on trade liberalization policy, specifically " open regionalism, " a term coined to describe the fact that 1) regionalism has gone hand in hand with unilateral trade opening:statistics on tari...
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| Other Authors: | , |
| Language: | English |
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Washington, D.C.:
The World Bank,
1998..
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| Series: | World Bank e-Library.
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| Online Access: | https://resources.library.brandeis.edu/login?url=https://elibrary.worldbank.org/content/book/9780821342725 |
| Summary: | This third Annual Bank Conference on Development in Latin America and the Caribbean (LAC) focuses on trade liberalization policy, specifically " open regionalism, " a term coined to describe the fact that 1) regionalism has gone hand in hand with unilateral trade opening:statistics on tariff and non-tariff measures affecting imports show that protectionist policies have been dismantled in the major LAC countries during the last decade; 2) regionalism has gone hand in hand with a substantial liberalization of investment regimes:provisions, including national treatment provisions, in regional trading arrangements show that several LAC countries treat foreign direct investment on exactly the same footing as domestic investment; and 3) most LAC countries are willing to participate in building a hemispheric free-trade zone and have been active, pro-liberalization members of the World Trade Organization (WTO). Speeches emphasized the political returns from trade integration:reciprocal lock-in, alliances created among pro-reform factions, pro-integration movements across countries, civil society integration, more-likely peaceful settlements to disputes, and general advancement of harmony in the Western Hemisphere through atmospherics, through positive incentive structures, and through cross-country coalitions. Because these positive linkages are largely implicit and not unduly burdensome, they make regional integration consistent with convergence toward global trade integration. |
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| Physical Description: | 1 online resource (285 p.). |
| ISBN: | 082134272X 9780821342725 |