Performance of Trade Flows Before and After Liberalization1
(Percentage change weighted by 1987 U.S. dollars)
The trade flows of Brazil, Ecuador, and Peru for the third postliberalization year are excluded because comparative data are not available.
T1 is the annual average growth rate for the three years prior to liberalization. T2 is the annual average growth rate for the three years following liberalization and the year of liberalization.