Two models of regional integration in Latin America

Russia - 2 October 2017

The author compares two types of regional trade agreements (RTA) in Latin America. First (historically) - based on Balassa scheme and leading to the customs unions, and second, going in line with open regionalism. He tests the correlation of the participation of countries to the first (more closed) or second types of RTA with the product structure of their export, and finds, that exporters of commodities tend to prefer customs unions.

Author

Sergei Sutyrin