Evaluating Integration Choices: The Case of Bolivia

Autor:	Sarath Rajapatirana
Rok vydání:	1997
Předmět:	Economic integration Latin Americans Liberalization business.industry Market access International economics International trade International free trade agreement Regional integration Economics Trade barrier business General Economics Econometrics and Finance Free trade
Zdroj:	Journal of Economic Integration. 12:298-324
ISSN:	1976-5525 1225-651X
DOI:	10.11130/jei.1997.12.3.298
Popis:	Regional integration initiatives have surged in Latin America while many countries have undertaken unilateral trade liberalization and external market access prospects have improved with the successful conclusion of the Uruguay Round. This paper examines and ranks the integration choices faced by one such country: Bolivia. To the extent that different regional trade agreements fol - low World Trade Organization rules, these agreements could increase market access and allow the countries to realize gains beyond those provided by unilat - eral liberalization. In this sense, a regional trade arrangement is not inconsis - tent with multilateral free trade based on the most-favored-nation (MFN) prin -ciple. In the final analysis with Bolivia, regional integration is not merely a matter of economics but relates to domestic and regional politics. To this end, MFN trade with concessions from both MERCOSUR and ANDEAN Group ranks best among the choices facing Bolivia.
Databáze:	OpenAIRE
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