Central American integration: Its costs and benefits / Luis René Cáceres.

Format:

Book

Government document

Author/Creator:

Cáceres, Luis René, author.

Language:

English

Subjects (All):

Economic and Social Development.

Local Subjects:

Economic and Social Development.

Physical Description:

1 online resource (18 pages)

Contained In:

CEPAL Review Vol. 1994, no. 54, p. 111-128 1994:54<111 16840348

Place of Publication:

New York : United Nations, 1994.

System Details:

data file

Summary:

This article sums up the benefits and costs of Central American economic integration. Increased economic growth, industrialization based on intra-industry trade, and greater competition in a broader subregional market represent significant benefits for the Central American countries, although for the most part these benefits are concentrated in the more developed countries. The costs of integration stem from the inter-country monetary flows occasioned by currency arbitrage, currency substitution, and the high transaction costs associated with inconvertibility. The elimination of these costs would have other costs, however, in the form of the reduction of national autonomy with regard to macroeconomic policy as a consequence of multilateral coordination and monitoring.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.