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Latin America Initiative | Issue Brief
The Consequences of Preferential Trade Agreements: Lessons for U.S.-Latin America Trade Relations
While academic and popular debates tend to focus on differential benefits and costs of trade across countries or industries, this brief highlights winners and losers at the level of individual firms. The authors demonstrate that preferential liberalization produces concentrated benefits among a relatively small number of very large and productive firms.
Pablo M. Pinto, Leonardo Baccini, Stephen Weymouth November 21, 2017