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Whats Behind Mercosurs Common External Tariff
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Book Synopsis What's Behind Mercosur's Common External Tariff? by : Marcelo Olarreaga
Download or read book What's Behind Mercosur's Common External Tariff? written by Marcelo Olarreaga and published by World Bank Publications. This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Most researchers focus on the political economy (interest group pressures) approach to analyzing why customs unions are formed, but terms-of-trade effects were also important in formation of the common market of the Southern Cone (Mercosur). Terms-of-trade externalities among Mercosur's members have been internalized in the common external tariff--Cover.
Book Synopsis What's Behind Mercosur's Common External Tariff? by : Marcelo Olarreaga
Download or read book What's Behind Mercosur's Common External Tariff? written by Marcelo Olarreaga and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most researchers focus on the political economy (interest group pressures) approach to analyzing why customs unions are formed, but terms-of-trade effects were also important in formation of the Common Market of the Southern Cone (Mercosur). Terms-of-trade externalities among Mercosur's members have been internalized in the common external tariff. The theoretical literature on trade follows two different approaches to explaining the endogenous formation of customs unions: (1) The terms-of-trade approach, in which integrating partners are willing to exploit terms-of-trade effects. Using the terms-of-trade approach, one concludes that tariffs on imports from the rest of the world should increase after the formation of a regional bloc, because the market power of the region increases and terms-of-trade externalities can be internalized in the custom union's common external tariff. As the union forms, the domestic market gets larger and members' international market power increases. (2) The interest group pressures (political economy) approach, in which, for example, the customs union may offer the potential for exchanging markets or protection within the enlarged market. Using this approach, one would usually conclude that tariffs for the rest of the world decline after the custom union`s formation - a rationale related to free-rider effects in larger lobbying groups. It is important to recognize the forces behind the formation of customs unions. Most researchers have focused on the second approach and neglected terms of trade as a possible explanatory variable. Both rationales explain a significant share of tariff information. Results, write Olarreaga, Soloaga, and Winters, suggest that both forces were important in formation of the Common Market of the Southern Cone (Mercosur). Terms-of-trade effects account for between 6 percent and 28 percent of the explained variation in the structure of protection. There is also evidence that the terms-of-trade externalities among Mercosur's members have been internalized in the common external tariff. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the political economy of trade protection.
Download or read book Latin America written by P. Coffey and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America's experience with regional economic integration has been only slightly shorter than that of Europe. In fact, the first attempt at integration started as early as 1960, with the creation of LAFTA - the Latin American Free Trade Area (subsequently replaced by LAIA - the Latin American Integration Association). LAFTA, composed of 11 countries, sought, unsuccessfully, to create a free trade area in 12 years. In 1969, the Andean pact, which sought, also unsuccessfully, to create a sub-regional free trade area, was set up. Recently the Presidents of Argentina, Brazil, Paraguay and Uruguay signed the Treaty of Asuncion aimed at creating a common market as from 1st January, 1995. This common market, MERCOSUR, will be completed by 2006. In comparison with the earlier and unsuccessful attempts at integration, and despite challenges and problems, both internal and external, MERCOSUR is working, and trade between the member States is increasing. Furthermore, as with the case of the European Union (EU), serious attempts (notably between Argentina and Brazil) are being made to co-ordinate economic and monetary policies. The most important evidence of these moves is the introduction of hard currencies, the reduction in the size of the public sector and the privatization of State assets. These are clearly exciting times for Latin American integration. In this book, the first in a new series of books on International Economic Integration, the authors examine the experience of MERCOSUR in the Latin American integration progress. After an analysis of the history of the moves towards integration in South America, the case of each Member State and the Associate Country is examined and perspectives for the future are assessed.
Book Synopsis What's behid Mercosur's common external tariff? by : Marcelo Olarreaga
Download or read book What's behid Mercosur's common external tariff? written by Marcelo Olarreaga and published by . This book was released on 1999 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Can Duty-drawbacks Have Protectionist Bias? by : Olivier Cadot
Download or read book Can Duty-drawbacks Have Protectionist Bias? written by Olivier Cadot and published by World Bank Publications. This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence from Mercosur suggests that eliminating duty drawbacks for intra-regional exports would lead to increased counterlobbying against protection of intermediate products. Without the duty drawback, the common external tariff would have been an estimated 3.5 percentage points (25 percent) higher on average.
Book Synopsis How Regional Blocs Affect Excluded Countries by : Won Chang
Download or read book How Regional Blocs Affect Excluded Countries written by Won Chang and published by World Bank Publications. This book was released on 1999 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.
Download or read book Mercosur written by Honorio Kume and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first half of 2001, the government of Argentina undertook some changes in the import tariffs of some products, eroding the Common External Tariff (CET) of Mercosur. In particular, the tariff rates of capital goods were reduced to zero, an action with potential negative implications for the Brazilian industry of such goods. In this paper the authors address two problems. First, in the case of the maintenance of the custom union they examine the best structures for the CET, such that the different interests related to competitiveness and economic growth in the four member countries could be reconciled. If such agreement is not reached, the authors then consider the case of Mercosur being transformed into a free trade zone. This would probably reinforce the requisites of regional content in the products exchanged and the negative effects of trade diversion could be enhanced.
Book Synopsis Trade Creation and Trade Diversion by : Ann Bartholomew
Download or read book Trade Creation and Trade Diversion written by Ann Bartholomew and published by . This book was released on 2002 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impacts of the MERCOSUR Agreement on the Uruguayan Economy by : Beatriz Legorburu
Download or read book Impacts of the MERCOSUR Agreement on the Uruguayan Economy written by Beatriz Legorburu and published by . This book was released on 1994 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines the MERCOSUR agreement (Common Market of the Southern Cone), specifically the provision for a common external tariff and its impact on the economy of Uruguay. The thesis begins by examining the economic regionalism which gives rise to trade agreements such as MERCOSUR and investigates the trade mechanisms through which such regionalism is accomplished. The provisions and background of the MERCOSUR agreement are explored, as well as the economic conditions, current and historical, which exist in the participant countries. The work continues by exploring two possibilities for Uruguay: (1) to continue economic integration by entering a customs union scheduled to take effect on January 1995 or (2) to remain in a free trade zone with the other three countries (Argentina, Brazil and Paraguay). These two possibilities are analyzed using traditional and new theories of international trade. The study further examines foreign direct investment and technology in the context of Uruguayan participation in MERCOSUR or in a free trade zone. The study concludes that if Uruguay, due to its small size, could obtain the special treatment of a free trade zone, the costs of trade diversion would be reduced and Uruguayan welfare would increase.
Book Synopsis Endogenous Tariff Formation by : Marcelo Olarreaga
Download or read book Endogenous Tariff Formation written by Marcelo Olarreaga and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :University of Miami. North-South Center Publisher :New Brunswick, U.S.A. : Transaction Publishers ISBN 13 :9781560007692 Total Pages :228 pages Book Rating :4.0/5 (76 download)
Book Synopsis Integrating the Americas by : University of Miami. North-South Center
Download or read book Integrating the Americas written by University of Miami. North-South Center and published by New Brunswick, U.S.A. : Transaction Publishers. This book was released on 1994 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bold new economic policies are supplanting traditional notions about the relationship between national and international markets throughout Latin America. Regional integration and neoliberal reforms have combined to overturn more traditional approaches to national development in the region. This volume captures the content of these changes and analyzes their implications for the Western Hemisphere.
Book Synopsis Opportunities for Improving Environmental Compliance in Mexico by : Susmita Dasgupta
Download or read book Opportunities for Improving Environmental Compliance in Mexico written by Susmita Dasgupta and published by World Bank Publications. This book was released on 1999 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: "One of the main reasons for noncompliant firms' poor environmental performance is the information gap on Mexico's environmental policy. Pollution control could be improved through systematically fuller communication targeted to noncompliant firms-- including more environmental education, especially of senior managers"--Cover.
Book Synopsis True World Income Distribution, 1988 and 1993 by : Branko Milanovi?
Download or read book True World Income Distribution, 1988 and 1993 written by Branko Milanovi? and published by World Bank Publications. This book was released on 1999 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Inequality in world income is very high, according to household surveys, more because of differences between mean country incomes than because of inequality within countries. World inequality increased between 1988 and 1993, driven by slower growth in rural per capita incomes in populous Asian countries (Bangladesh, China, and India) than in large, rich OECD countries, and by increasing income differences between urban China on the one hand and rural China and rural India on the other"--Cover.
Book Synopsis Will the Euro Create a Bonanza for Africa? by : Daniel Cohen
Download or read book Will the Euro Create a Bonanza for Africa? written by Daniel Cohen and published by World Bank Publications. This book was released on 1999 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: "At this stage, it is difficult to conclude that the euro will have substantial macroeconomic impact on sub-Saharan Africa, unless launch of the euro becomes the tool of a major policy shift, such as the "euroization" of the continent-- which is currently unlikely"--Cover.
Book Synopsis Beyond Capital Ideals by : Gerard Caprio
Download or read book Beyond Capital Ideals written by Gerard Caprio and published by World Bank Publications. This book was released on 1999 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies-- from East Asia and Russia to Brazil-- bringing the fragility of banking and finance into unprecedented focus. What has gone wrong?--Cover.
Book Synopsis Negotiating Market Access Between the European Union and MERCOSUR by : Antoni Estevadeordal
Download or read book Negotiating Market Access Between the European Union and MERCOSUR written by Antoni Estevadeordal and published by BID-INTAL. This book was released on 2000 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Universal Service Obligations in Utility Concession Contracts and the Needs of the Poor in Argentina's Privatizations by : Omar O. Chisari
Download or read book Universal Service Obligations in Utility Concession Contracts and the Needs of the Poor in Argentina's Privatizations written by Omar O. Chisari and published by World Bank Publications. This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The structural changes that come with privatization may induce a reconsideration of the regulations defined during the early stages of privatization"--Cover.
