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The Role of World Trade Policy: a Latin American Viewpoint

In: Latin America in the International Economy

Author

Listed:
  • Santiago P. Macario

Abstract

The economic development of any country is essentially its own responsibility and must basically depend upon its own economic policy and internal efforts. There are, however, considerable limitations both on a country’s freedom of decision and action in the field of economic policy and on the effectiveness of its actions — particularly in respect of external trade policy. Such restraints are an inevitable result of the interplay of international economic relations; they imply limitations to national sovereignty at the economic, and therefore also at the political, level, at least vis-à-vis the exterior.

Suggested Citation

  • Santiago P. Macario, 1973. "The Role of World Trade Policy: a Latin American Viewpoint," International Economic Association Series, in: Victor L. Urquidi & Rosemary Thorp (ed.), Latin America in the International Economy, chapter 3, pages 58-87, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-01728-7_3
    DOI: 10.1007/978-1-349-01728-7_3
    as

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