Jaramillo, Carlos FelipeLederman, DanielBussolo, MaurizioGould, DavidMason, Andrew2012-06-052012-06-052006978-0-8213-6444-4https://hdl.handle.net/10986/7127The report provides a preliminary assessment of DR-CAFTA (the Dominican Republic and Central American Free trade Agreement), with particular attention to three key themes: (1) expected trade and non-trade benefits, (2) actions that Central American countries need to pursue to capitalize optimally on the new opportunities, and (3) identification of the population groups that may require assistance to adapt to a more competitive environment. The Introductory Chapter reviews the main findings of the report. Chapter 2 places DR-CAFTA in the historical context of the economic reforms that Central America has been undertaking since the late 1980s. Chapter 3 provides a summary overview of the recently negotiated DR-CAFTA. Chapter 4 reviews various analyses that assess the potential impacts of DR-CAFTA in Central American countries. Chapter 5 focuses on the identification of potentially affected populations from the easing of trade restrictions in sensitive agricultural products and analyzes policy options to assist vulnerable groups. Chapter 6 reviews evidence related to key macroeconomic implications of DR-CAFTA, namely the potential revenue losses and effect on the patterns of business-cycle synchronization. Chapter 7 reviews evidence from each Central American country in the areas of trade facilitation, institutional and regulatory reforms, and innovation and education, in order to identify key priorities for the complementary agenda for DR-CAFTA.en-USCC BY 3.0 IGOAGRICULTURAL COMMODITIESAGRICULTURAL PRODUCTSAGRICULTUREAPPARELAPPAREL EXPORTAPPAREL INDUSTRYAPPAREL SECTORAPPAREL TRADEAUTOREGRESSIONAVERAGE TARIFFSBANKING SYSTEMSBENCHMARKINGBILATERAL TRADEBILATERAL TRADE AGREEMENTSBRIBERYBUSINESS CYCLEBUSINESS CYCLE SYNCHRONIZATIONCENTRAL AMERICACIVIL SOCIETYCOMMODITY TRADECOMMON MARKETCONSTANT ELASTICITY OF SUBSTITUTIONCONSTANT ELASTICITY OF TRANSFORMATIONCONSUMERSCUSTOMSCUSTOMS PROCEDURESDEVELOPMENT ECONOMICSDIVERSIFIED EXPORTSDOMESTIC FIRMSDOMESTIC REFORMSDUTY-FREE ACCESSDYNAMIC GAINSECONOMIC GROWTHECONOMIC SECTORSECONOMIC STRUCTUREECONOMICS RESEARCHECONOMIES OF SCALEELASTICITYEQUILIBRIUMEUROPEAN UNIONEXPANSION OF TRADEEXPORT DIVERSIFICATIONEXPORT GROWTHEXPORT PROCESSINGEXPORT PROCESSING ZONEEXPORT PROSPECTSEXPORT VALUEEXPORT VOLUMESFACTOR PRICEFINANCIAL SERVICESFOREIGN DIRECT INVESTMENTFOREIGN TECHNOLOGIESFOSTERING TRADEFREE ACCESSFREE TRADEFREE TRADE AGREEMENTFREE TRADE AGREEMENTSFREE TRADE AREAGDPGDP PER CAPITAGENERAL AGREEMENT ON TARIFFSGENERALIZED SYSTEM OF PREFERENCESGOVERNMENT REGULATIONSGROSS DOMESTIC PRODUCTGROSS ENROLLMENT RATEGROWTHGROWTH RATESIMPACT OF TRADEIMPORT TAXIMPORT TAXESIMPORTSINDUSTRY TRADEINEFFICIENCYINTEGRATION EFFORTSINTELLECTUAL PROPERTYINTELLECTUAL PROPERTY RIGHTSINTERNATIONAL BANKINTERNATIONAL FINANCEINTERNATIONAL TRADEINVESTMENT CLIMATEINVESTMENT FLOWSINVESTMENT LEVELSINVESTMENT MEASURESLEGAL STATUSMACROECONOMIC POLICYMACROECONOMICSMARKET ACCESSNET EXPORTSNONTARIFF BARRIERSPOLICY PRIORITIESPOLITICAL FACTORSPOSITIVE EFFECTSPREFERENTIAL MARKET ACCESSPRELIMINARY ASSESSMENTPRICE CHANGESPROCESS OF ADJUSTMENTPROTECTION LEVELSPUBLIC POLICYPURCHASING POWERPURCHASING POWER PARITYRECIPROCAL ACCESSRECIPROCITYREGIONAL AGREEMENTSREGIONAL INTEGRATIONREGIONAL TRADEREGIONAL TRADE INTEGRATIONREGULATIONSREGULATORY REFORMSREMOVAL OF TRADE BARRIERSRESTRICTIVE RULES OF ORIGINRULES OF ORIGINSOCIAL PROTECTIONSTATIC GAINSSUBSIDIARY RIGHTSSYSTEM OF PREFERENCESTARIFF CLASSIFICATIONTARIFF ELIMINATIONTARIFF PREFERENCE LEVELTARIFF RATESTARIFF REDUCTIONTAX REVENUESTECHNICAL ASSISTANCETECHNOLOGICAL PROGRESSTELECOMMUNICATIONSTOTAL FACTOR PRODUCTIVITYTRADETRADE AGREEMENTTRADE BARRIERSTRADE DIVERSIFICATIONTRADE FACILITATIONTRADE FLOWSTRADE IN SERVICESTRADE INTEGRATIONTRADE LIBERALIZATIONTRADE OPENNESSTRADE POLICIESTRADE POLICYTRADE PREFERENCESTRADE REFORMSTRADE RESTRICTIONSTRADE STRUCTURETRADE-RELATED INVESTMENTTRADING PARTNERTRANSITION PERIODSTRANSPORT COSTSUNEMPLOYMENTUNILATERAL PREFERENCESUNILATERAL TRADEUNILATERAL TRADE LIBERALIZATIONUNSKILLED LABORVALUE ADDEDVALUE-ADDED TAXWAGESWELFARE GAINSWORLD TRADEWORLD TRADE ORGANIZATIONWTOWorld Bank10.1596/978-0-8213-6444-4