Latin America's cost of adopting unfair trade policies
DOI:
https://doi.org/10.24201/ee.v7i1.302Keywords:
nominal exchange rate, private sector, inflationAbstract
The social costs of unfair trade policies to Latin America will increase in the upcoming years. During the 80s, Latin America suffered significantly when industrial countries applied numerous unfair trade measures against its exports. Latin America should stop this process and consider instead the importance of protecting their industries with appropriate macroeconomic policies, realistic exchange rates, and balanced safeguard measures.