Hubert Escaith is Director of the Division of Statistics and Economic Projections of ECLAC. These methodological notes were prepared for a lecture at the 2005 ECLAC Summer School. They are based on, and up-date, a series of papers in Spanish published in 2003 and 2004, which received in 2005 the award Maestro Jesus Silva Herzog from Economic Research Institute of the Universidad National Autonoma de Mexico. The views expressed in this document, which has been reproduced without formal editing, are those of the authors and do not necessarily reflect the views of the Organization. …
1 Feb 2005, 00:00 - 14 Oct 2025, 15:06
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The present level of intra-regional trade of Latin America and the Caribbean in relation to their total exports is still low when compared to the peak of 21.1% registered in 1997, despite its rebound in 2003 and continued recovery into 2004. While this trade holds a high potential for future growth, there are a series of problems to be addressed in order for regional integration to continue on the paths of recovery and deep integration. The countries in the region should keep working on the constraints that its regional integration process continues to suffer from the persistence of non-tariff…
For most developing countries, open regionalism has emerged as quite a sensible response to the undergoing turbulent and asymmetric process of economic globalization. Moreover, the successful experience of the countries which are now part of the European Union, has made regional integration an increasingly attractive option for the developing world. Whenever regional integration is intended to go beyond merely a free trade agreement, macroeconomic coordination becomes a key issue. Theoretically, the underlying idea of the macroeconomic coordination is the interdependency between econo…
Abstract Central America needs a regular, flexible, safe and affordable infrastructure and transport services in order to prevail over the existing bottlenecks and constrained intra-regional trade patterns. This need is widely recognized to achieve a sustained economic development, both national and regionally. Today, Central American countries face the following problems in their transport systems: lack of sufficient transport infrastructure and high transport costs. These problems have led to a decline in the competitiveness of the regional economies and sluggish economic growth …