the integration & trade journal includes articles on the different aspects of integration in latin america and the caribbean, on hemispheric integration and, furthermore, on similar processes in other parts of the world. this issue comprises a selection of papers presented at the first international conference co-organized by the centre d'etudes prospectives et d'informations internationales (cepii) and the inter-american development bank (idb) on the "impact of trade liberalization agreements on latin america and the caribbean." this second issue of papers from the conference, no. 18, includes the following articles: trade liberalization and employment in developing economies of the americas; trade and relative wages: what can we learn from cge models?; multilateral trade liberalization and poverty in brazil and chile; the role of transaction costs in explaining economic performance and income distribution: some numerical exercises for colombia; regional trading arrangements for ch...