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Trade Liberalization and Export Performance in Bolivia
Author(s) -
Jenkins Rhys
Publication year - 1996
Publication title -
development and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.267
H-Index - 93
eISSN - 1467-7660
pISSN - 0012-155X
DOI - 10.1111/j.1467-7660.1996.tb00608.x
Subject(s) - diversification (marketing strategy) , latin americans , international economics , liberalization , export performance , economics , free trade , international trade , exchange rate , business , monetary economics , market economy , political science , marketing , law
One of the anticipated gains from the trade liberalization policies adopted by many Latin American countries in recent years is improved export performance. In this article, the arguments on which this expectation is based are reviewed and the impact of trade liberalization on Bolivian manufactured exports analysed. The conclusion is that improved export performance is largely the result of a more realistic and more stable real exchange rate after 1985, while the trade policy reforms have had little impact. Certain deficiencies of Bolivia's export performance, such as the increased emphasis on primary and semi‐processed products, and the lack of diversification in terms of both products and markets, are also noted.