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Trade structure, trade policy and economic policy options in Central America (anglais)

This paper reviews the main trends in the trade structure of Central American countries over the last two decades, the growing role of the US as the major trading partner, the effect of domestic trade policies as well the effects of NAFTA and recent developments in US agricultural and trade policies (the 2002 Farm Bill). The paper also discusses the implications of trade policies and the choice of exchange rate regime for fiscal policies and institutions...
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