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Export Dynamism in Latin America: Why has it been Insufficient for GDP Dynamism?

  • Ricardo Ffrench-Davis

Abstract

Since the mid-eighties, Latin America recorded significant export dynamism. This was associated, first, with depreciation of local currencies as a result of the debt crisis, and secondly, with a generalized process of trade liberalization. Indeed, regional exports grew over 7% in 1990–2004. However, despite the export success, the overall economic performance was rather poor, with an annual growth rate of GDP of 2.6% for the region as a whole. Why were the high rates of export growth in the nineties not associated with a vigorous GDP growth in Latin America as did happen, for instance, in the East-Asian Economies?

Keywords

Exchange Rate Real Exchange Rate Trade Liberalization Export Performance Export Growth 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Ricardo Ffrench-Davis 2005

Authors and Affiliations

  • Ricardo Ffrench-Davis

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