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Achievements, prospects and challenges of hemispheric cooperation (Occasional Paper ITD = Documento de Divulgación ITD ; n. 38)
The greater openness of developing countries' economies and the free trade agreements negotiated in recent years have spurred arguments in favor of greater integration in the world; they have also given rise to strong opposition. In some cases the opposition stems from the reaction of specific, domestically oriented sectoral interests, and in others from the activism of groups adhering to what has been termed "globophobia". Regrettably, the implementation of the Hemispheric Cooperation Program (HCP) has been constrained by the paralysis of the Free Trade Area of the Americas (FTAA) negotiations, and thus has been extremely slow. Although the future of the HCP process is unclear, the experience to date in the Hemisphere provides a sufficient basis to analyze its origin and peculiarities, as well as its chief difficulties and determinants. The bilateral negotiations between the United States and Central America, the Dominican Republic and the Andean countries also provide important input for the analysis in this study, and the lessons learned can be very helpful to ensuring the successful implementation of the HCP.
Globalization, migration and development : the role of Mexican migrant remittances (Working Paper ITD = Documento de Trabajo ITD ; n. 20)
In this paper, we present evidence indicating that international migrant remittances lead to improved developmental outcomes. Using a cross-section of all Mexican municipalities (over 2400) in the year 2000, we show that an increase in the fraction of households receiving international remittances is correlated with better schooling and health indicators and with reductions in poverty, even after controlling for the likely endogeneity between remittances and developmental outcome variables. Our findings have important policy implications as they suggest that national governments and the international community should adopt measures that facilitate remittance flows.
Chile's integration strategy : is there room for improvement ? (Working Paper ITD = Documento de Trabajo ITD ; n. 21)
What are the main issues in Chile's trade agenda? This paper argues that the country's agenda does not lend itself to that traditional kind of policy advice usually given throughout Latin America. Protection is low and uniform, institutions that govern trade policy are strong and well protected from capture and the country has put a lot of effort in opening markets in the region and abroad. The important issues that come out of the analysis are to a great extent, "second generational". That is: export diversification, the regional distribution of trade gains, completion of the "multidimensional" trade strategy and transport costs. Whereas Chile has made progress in diversifying its exports a...
International remittances and development : existing evidence, policies and recommendations (Occasional Paper ITD = Documento de Divulgación ITD ; n. 41)
In this paper we survey the recent literature assessing the development impact of international migrant remittances. We begin by arguing that international migration should be fully incorporated in ongoing debates on the impact of globalization. We show that, despite methodological challenges, there is an emerging body of evidence suggesting that migrant remittances can have an important impact on development and household welfare. Remittances appear to help in poverty reduction, accumulation of human capital, investment and saving. Finally, we offer an account of existing policies and recommendations to facilitate remittance flows and to take advantage of their developmental potential.
