Market reforms and commercial agreements in Latin America (1970-2015)

Abstract

Between 1970 and 2015, Latin America experienced a steady increase in their Free Trade Agreements put in force. Also, in this period important changes were introduced in them economic systems, through the introduction of market reforms. In the paper, it was argued that the implementation of this type of instruments is explained to a greater extent by the implementation of market reforms over other variables indicated in the specialized literature, such as higher levels of democratization.