The Roots of Latin American Protectionism

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  • The Roots of Latin American Protectionism Book Detail

  • Author : John H. Coatsworth
  • Release Date : 2002
  • Publisher :
  • Genre : Depressions
  • Pages : 39
  • ISBN 13 :
  • File Size : 90,90 MB

The Roots of Latin American Protectionism by John H. Coatsworth PDF Summary

Book Description: This paper uncovers a fact that has not been well appreciated: tariffs in Latin America were far higher than anywhere else in the century before the Great Depression. This is a surprising fact given that this region has been said to have exploited globalization forces better than most during the pre-1914 belle epoque and for which the Great Depression has always been viewed as a critical policy turning point towards protection and de-linking from the world economy. This paper shows that the explanation cannot lie with output gains from protection, since, while such gains were present in Europe and its non-Latin offshoots, they were not present in Latin America. The paper then explores Latin American tariffs as a revenue source, as a protective device for special interests, and as the result of other political economy struggles. We conclude by asking whether the same pro-protection conditions exist today as those which existed more than a century ago

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