Productive development in open economies

Presentation The countries of the Latin American and Caribbean region have shown a keen and lasting interest in mechanisms of economic development and public policies for its promotion. This is a process in which ECLAC has been involved ever since it was founded over half a century ago. Today, the debate on these issues continues against the backdrop of a globalization process in which the remarkable dynamism of some dimensions -especially its economic, financial and cultural aspects- contrasts with the slow formation of an institutional network capable of coping with the increased interdepend…

Free trade and the development of sustainable agriculture in the Caribbean

This study examines the options for Caribbean countries in pursuing development of their agricultural sectors given the changes taking place in the international economy. The most significant of these changes is the liberalization of the trading regimes for primary agricultural products, in particular banana, by the European Union. This has serious implications for small Caribbean countries that rely on exports of one or a few commodities and are unable to compete in free markets. However, countries could reposition their agricultural sectors to take advantage of export niche markets and/or g…

The United States-Central American Free Trade Agreement: fiscal implications for the Central American countries

In this paper we estimate the fiscal implications of the free trade agreement signed between the United States of America and the five Central American countries of Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Of the five possible effects on fiscal revenue (direct, indirect, elasticity, substitution and induced), in this paper we estimate the first three. The fourth effect is most likely negligible, whereas the estimation of the fifth one would be plagued by uncertainty, so we do not attempt it here. We use comparative statics to estimate the impact. We find the adverse …

Issues, effects and implications of the Free Trade Area of the Americas (FTAA) Agreement for CARICOM economies

The objective of this document is to analyse some of the main issues, effects and implications of the FTAA for Caribbean Community (CARICOM) economies. It also considers when relevant and for comparison purposes the cases of non-independent States. The document is divided into seven sections. Following the introduction, the second section describes, albeit briefly, the main issues that are found in the Free Trade Areas literature. The third section introduces the FTAA participants highlighting their economic and social disparities. The fourth section centers on the FTAA underlying principles …

Report to the CDCC: Review of ECLAC/CDCC Programme of Activities for the 2002-2003 Biennium