The Mexico-United States border region comprises one of the most dynamic and complex industrial areas in the world. The region is characterized by high population growth and increasing urbanization and industrialization, all of which is taking place in a context of rapid political and economic change (Rincón, 2000). The Mexico-located maquila in-bond industry is a key player in this development. In the 1993-98 period, the maquilas accounted for 41.5% of the average Mexican export value (Dussel, 2000), and in the 1994-2000 period its share of foreign direct investment grew from 6% to 21…
1 Mar 2002, 00:00 - 14 Oct 2025, 18:10
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Abstract The internationalisation of the euro is in its initial stages and it is still difficult to draw any definitive conclusions regarding its scope and its implications for Latin America. Indeed, the emergence of an internationally used currency is slow and subject to inertial forces. Nonetheless, several fairly robust conclusions can be inferred from the results of the document. The most plausible medium- to long-term international scenario seems to be development of an asymmetrical duopoly between the euro and the dollar. In a context of scant international monetary cooperation, th…
1 Ago 2002, 00:00 - 14 Oct 2025, 18:04
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Abstract
Behind the discussion on optimal exchange-rate regimes lies the need to achieve external and internal equilibrium, and thus create an appropriate macroeconomic climate for sustained growth and development. The optimality and feasibility of exchange-rate regimes in individual Latin American and Caribbean countries must take into consideration several parameters linked to microeconomics, open macroeconomics, and political economy aspects. More recently, the discussion has incorporated the regional dimension and the possibility of joining monetary unions to the set of feasible national s…
2 Ene 2002, 00:00 - 14 Oct 2025, 18:04
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Executive Summary The global economy is experiencing a recession, which originated in the United States and is affecting developed and developing economies alike. Between the second and third quarter of 2001, the United States GDP growth rate decreased from 2.6 per cent to 1.2 per cent. For the same period, the European Union's GDP growth rate declined from 2.4 per cent to 1.7 per cent. For Latin America and the Caribbean the growth will fall from 4 per cent in 2000 to 1 per cent in 2001. A central issue regarding the current recession is whether it will be short lived or rather …
8 Mayo 2002, 00:00 - 14 Oct 2025, 18:09
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The provision for special and differential treatment favoring developing economies in multilateral trade agreements recognizes that countries compete on an unequal footing. Special and differential treatment can be traced to early development theories and to the reports of the preparatory committee for the formation of the International Trade Organization (ITO). The General Agreement on Tariffs and Trade (GATT, 1947) addressed developing countries' needs for an asymmetrical treatment in international trade relations. Later on, the incorporation of Annex IV to the GATT (1964) p…