Sustaining trade reform: Institutional lessons from Peru and Argentina

Elías A. Baracat, J. Michael Finger, Julio J. Nogués, Raúl León Thorne, 28 October 2013

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Beyond removing restrictions, trade reform in Latin American in the 1980s and 1990s was also an attempt to reform the culture of policy management, and in some countries to introduce an optimistic, ‘Asian’ perspective into trade politics. In Peru, reforms have been sustained over several changes of president.

Topics: Institutions and economics, International trade
Tags: Argentina, Latin America, Peru, reform, trade liberalisation, WTO

New roads to export: Insights from the Inca roads

Jerónimo Carballo, Christian Volpe Martincus, Ana Cusolito, 13 July 2013

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In policy circles domestic transport infrastructure is seen as a key determinant of exports. More precisely, among policymakers, there is a well rooted idea according to which new roads can generate increased exports. Statements in official documents introducing public export plans of developed and developing countries alike are illustrative in this regard.

Topics: International trade
Tags: Export, infrastructure, Peru

Monetary policy in Latin America: Where are we going?

Christian Daude, 10 December 2012

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Inflation targeting has served countries in Latin America well . They have achieved macroeconomic stability by reducing inflation and the pass-through of external shocks such as oil price and exchange rate fluctuations (cf. Mishkin and Schmidt-Hebbel 2007).

Topics: Macroeconomic policy, Monetary policy
Tags: Brazil, Central Banks, Chile, Colombia, foreign exchange, inflation targeting, Latin America, Mexico, Peru

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