TY - BOOK TI - Annual World Bank Conference on Development in Latin America and the Caribbean, 1997: Trade, towards open regionalism:proceedings of a conference held in Montevideo, Uruguay SN - 082134272X PY - 1998///. CY - Washington, D.C. PB - The World Bank KW - Economic Theory and Research KW - Emerging Markets KW - Free Trade KW - International Economics & Trade KW - Law and Development KW - Macroeconomics and Economic Growth KW - Private Sector Development KW - Public Sector Development KW - Trade Law KW - Trade Policy N2 - This third Annual Bank Conference on Development in Latin America and the Caribbean (LAC) focuses on trade liberalization policy, specifically " open regionalism, " a term coined to describe the fact that 1) regionalism has gone hand in hand with unil ateral trade opening:statistics on tariff and non-tariff measures affecting imports show that protectionist policies have been dismantled in the major LAC countries during the last decade; 2) regionalism has gone hand in hand with a substantial liberalization of investment regimes:provisions, including national treatment provisions, in regional trading arrangements show that several LAC countries treat foreign direct investment on exactly the same footing as domestic investment; and 3) most LAC countries are willing to participate in building a hemispheric free-trade zone and have been active, pro-liberalization members of the World Trade Organization (WTO). Speeches emphasized the political returns from trade integration:reciprocal lock-in, alliances created among pro-reform factions, pro-integration movements across countries, civil society integration, more-likely peaceful settlements to disputes, and general advancement of harmony in the Western Hemisphere through atmospherics, through positive incentive structures, and through cross-country coalitions. Because these positive linkages are largely implicit and not unduly burdensome, they make regional integration consistent with convergence toward global trade integration UR - https://resources.library.brandeis.edu/login?url=https://elibrary.worldbank.org/content/book/9780821342725 ER -