Publication:
Better Neighbors: Toward a Renewal of Economic Integration in Latin America

Loading...
Thumbnail Image
Files in English
English PDF (20.76 MB)
5,208 downloads
English PDF (5.9 MB)
2,959 downloads
Other Files
Spanish PDF (7.52 MB)
15,132 downloads
Date
2017-03-14
ISSN
Published
2017-03-14
Abstract
This book proposes a renewal of 'Open Regionalism' in Latin America and the Caribbean (LAC) aimed at achieving the region's goals of high growth with stability. The LAC region experienced a growth spurt with equity during the first decade of the 21st Century. It is well understood that an unsustainable demand boom fueled by terms-of-trade improvements drove this growth acceleration episode, especially in South America. Unfortunately, terms of trade are no longer fueling growth, and the region’s policymakers are in search of new sources of growth with stability. With the experience of East Asia and the Pacific in mind, many policymakers in LAC are looking to international economic ties as a potential source of stable growth. The challenge highlighted in this book lies in designing an integration agenda comprising trade and factor market integration that is conducive to region-wide efficiency gains, which can help LAC enhance its global competitiveness. The forces of geography imply that pro-growth global integration cannot be achieved without building a strong neighborhood. Thus, this volume argues that LAC's regional economic integration agenda needs to go well beyond the current spaghetti bowl of preferential trading arrangements.
Link to Data Set
Citation
Bown, Chad P.; Lederman, Daniel; Pienknagura, Samuel; Robertson, Raymond. 2017. Better Neighbors: Toward a Renewal of Economic Integration in Latin America. World Bank Latin American and Caribbean Studies;. © Washington, DC: World Bank. http://hdl.handle.net/10986/25736 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Associated URLs
Associated content
Citations