Brazil and Mexico have both liberalized trade since the 1980s. However, Mexican trade liberalization has gone much

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Brazil and Mexico have both liberalized trade since the 1980s. However, Mexican trade liberalization has gone much further; Brazil is still a fairly inward-looking economy. What might account for this difference in paths?

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International Economics Theory and Policy

ISBN: 978-0134519579

11th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Question Posted: Apr 09, 2019 06:38 AM

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Brazil and Mexico have both liberalized trade since the 1980s. However, Mexican trade liberalization has gone much

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One explanation for this divergence is the 1994 North American Free Trade Agreement NAFTA Mexicos pr...View the full answer

International Economics Theory and Policy

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