Christian Volpe Martincus

Jeffry Frieden

Jorge Cornick

Thomas Reardon

Kun Li

Ernesto H. Stein

Juan S. Blyde

Mauricio Mesquita Moreira

Federico Merchán

Danielle Trachtenberg

Marisol Rodríguez Chatruc

Rzavan Vlaicu

Víctor Zuluaga

Tomás Bril-Mascarenhas

Sergio Ardila

Piero Ghezzi

Thirty years after the region embarked on large-scale liberalization, trade policy could have been expected to become all but irrelevant. Instead, a mismatch between expectations and what could realistically be delivered set the stage for much of the disappointment, skepticism, and fatigue regarding trade policy in the region, particularly in the early 2000s. By setting the bar unrealistically high, governments and analysts made trade policies an easy target for special interests that were hurt by liberalization and for those ideologically opposed to free trade. The most immediate victims were the more tangible growth and welfare gains, whose relevance was lost amid the noise of grandiose visions.

What Global Integration Can Do for Latin America and the Caribbean

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