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Media type:
E-Book
Title:
The Countries of the Central American Common Market and the Challenges of a Hemispheric Free Trade Agreement
:
The Extent of Macroeconomic Preparedness
Footnote:
In: Integration & Trade Journal, No. 1, pp. 37-59, January - April 1997
Description:
This article measures from a macroeconomic perspective, the degree of readiness of Central American countries to open their economies and join hemispheric integration schemes such as the Free Trade Area of the Americas (FTAA). A number of indicators are build on the fiscal, monetary, financial and trade sectors, in order to measure the degree of preparedness along four criteria applicable to the various phases of negotiation, integration and consolidation of a free trade area: eligibility to negotiate, tenor of economic policies, suitability of structural fundamentals and exposure to risks