By Victor Bulmer-Thomas. Published 1999. ISBN
This paper reviews British trade with Latin America since Independence. It divides the period into four phases: from Independence to the mid-19th century; from the 1850s to the 1920s; from the Great Depression to the debt crisis of the 1980s; and finally the 1990s. Regression analysis, using a standard gravity model is applied to the last 40 years; this confirms the decline in UK trade performance with Latin America but – surprisingly – suggests that Britain was still 'overperforming' in the 1960s and that underperformance only became a serious problem from the 1970s onwards.