Latin America and Caribbean region saw faster economic and wage growth thanks to a lowering of trade barriers, a new report by the Inter-American Development Bank shows. The study also provides policy recommendations to ensure the region is better positioned to take advantage of trade liberalization and make its benefits more tangible to citizens.
The average tariff cut of 56 per cent that took place in the region between 1990 and 2010 accelerated the region’s average annual per capita GDP growth by 0.6 percentage points. While the results are positive, the region harbors skepticism on the benefits of more […]
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