Sustaining Trade Reform: Institutional Lessons from Peru and Argentina

32 Pages Posted: 19 Sep 2013 Last revised: 16 Oct 2013

See all articles by Elias Baracat

Elias Baracat

Independent

Joseph Michael Finger

Independent

Raul Leon Thorne

Independent

Julio J. Nogues

Academia Nacional de Ciencias Economicas

Date Written: September 16, 2013

Abstract

The paper looks at how trade reform has gone in Peru and Argentina since the reforms of the 1990s. Peru provides a valuable example of sustaining reform. Argentina, on the other hand, has gone back to a protectionist trade regime that eschews WTO governance principles. The paper brings out the weakness of international obligations to limit Argentina’s return to import substitution and the pains to which Peruvian leaders have gone to maintain the management of their economy within the same rules that Argentina has so easily violated.

Keywords: Argentina, General Agreement on Tariffs and Trade (GATT), governance, import substitution, institution, institutional economics, Latin America, Peru, politics, World Trade Organization (WTO)

JEL Classification: F13, O19, B52

Suggested Citation

Baracat, Elias and Finger, Joseph Michael and Thorne, Raul Leon and Nogues, Julio J., Sustaining Trade Reform: Institutional Lessons from Peru and Argentina (September 16, 2013). Available at SSRN: https://ssrn.com/abstract=2326691 or http://dx.doi.org/10.2139/ssrn.2326691

Elias Baracat

Independent ( email )

No Address Available

Joseph Michael Finger (Contact Author)

Independent ( email )

No Address Available

Raul Leon Thorne

Independent ( email )

No Address Available

Julio J. Nogues

Academia Nacional de Ciencias Economicas ( email )

Avenida Alvear 1790
Capital Federal, 1021
Argentina

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