In This Review

Economic Integration in Central America
Economic Integration in Central America
Edited by William R. Cline and Enrique Delgado
Brookings, 1978, 711 pp

Ushered in by masses of detailed statistics and mathematical calculations, certain conclusions emerge clearly: total net economic benefits of the Central American Common Market have been substantial; the most important were foreign exchange savings and stimulus to investment. Economies of scale and employment effects have also been significant, though less so; structural transformation benefits were minimal.