Economic Integration in Central America

In This Review

Economic Integration in Central America

Edited by William R. Cline and Enrique Delgado
Brookings, 1978
711 pp. $19.95
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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.