The small economies of Latin America and the Caribbean

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(74/2001)
cepal.docTypeRevistas
cepal.idSade20189
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngTRADE POLICY AND TRADE AGREEMENTS
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngREGIONAL INTEGRATION
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaPOLÍTICA COMERCIAL Y ACUERDOS COMERCIALES
cepal.topicSpaINTEGRACIÓN REGIONAL
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngNATURAL RESOURCES
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaRECURSOS NATURALES
dc.contributor.authorEscaith, Hubert
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2014-01-02T18:42:49Z
dc.date.available2014-01-02T18:42:49Z
dc.date.issued2001-08
dc.descriptionIncludes bibliography
dc.description.abstractPopulation, natural resources and domestic market size have been the traditional components of the equation determining the wealth of nations, according to classical economists. The new lines of research opened up by endogenous growth theories and the results of comparative statistical studies into the factors determining this growth have reawakened interest in the relationships between scale effects, market size and the role of international trade in the economic growth of small economies. At a time of ever-increasing globalization, these economies are being confronted with a number of challenges and opportunities in relation to which their small economic size is generally regarded as a disadvantage. Diseconomies of scale increase their production costs, while their relatively undiversified exports mean they are extremely vulnerable to shocks of external origin. All these factors weigh all the more heavily in that trade has become one of the key factors in economic development, as is demonstrated by the sharp increase in imports and exports as a share of GDP since the second half of the 1980s. The central role played by intraregional trade or the North American market as non-traditional export engines is heightening the importance of price competitiveness, and thus of subsidy or tax exemption programmes to ensure an outlet to these markets. For those small developing countries in the region that suffer relative disadvantages, success would therefore seem to depend on the preferential terms under which they do business with their main developed-world trading partners, namely North America and, for members of the ACP group (the developing countries of Africa, the Caribbean and the Pacific);, the European Union. Again, excessive specialization to serve a large regional market (Brazil or the United States); entails risks that merit consideration.
dc.formatTexto
dc.format.extentpáginas. 67-81
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2135-P
dc.identifier.urihttps://hdl.handle.net/11362/10814
dc.language.isoeng
dc.physicalDescriptionp. 67-81
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo74
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngCOMPETITION
dc.subject.unbisEngDEVELOPMENT INDICATORS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngECONOMIC INTEGRATION
dc.subject.unbisEngNORTH-SOUTH RELATIONS
dc.subject.unbisEngREGIONAL DISPARITIES
dc.subject.unbisEngTRADE LIBERALIZATION
dc.subject.unbisEngTRADE NEGOTIATIONS
dc.subject.unbisSpaCOMPETENCIA
dc.subject.unbisSpaDESIGUALDADES REGIONALES
dc.subject.unbisSpaINDICADORES DEL DESARROLLO
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaINTEGRACION ECONOMICA
dc.subject.unbisSpaLIBERALIZACION DEL INTERCAMBIO
dc.subject.unbisSpaNEGOCIACIONES COMERCIALES
dc.subject.unbisSpaRELACIONES NORTE-SUR
dc.titleThe small economies of Latin America and the Caribbean
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication2d3a05af-e757-44e7-806c-4be8c1a0c087
relation.isAuthorOfPublication.latestForDiscovery2d3a05af-e757-44e7-806c-4be8c1a0c087
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