Connecting the Dots: A Road Map for Better Integration in Latin America and the Caribbean

What can be said of Latin America and the Caribbean's experiment with regional integration? Did it live up to the expectations? What does this experience say about the regional integration agenda moving forward? Do the tectonic changes undergone by the world economy in the last quarter of a century matter for policy design? This report offers answers to these pressing questions. It argues that while the "new regionalism" was in general effective to promote international trade, it failed to boost the region's competitiveness abroad. Fragmentation is seen as the original sin, and convergence the path to redemption. The policy recommendations offer different routes to convergence, from a cautious, cumulation of rules or origin approach to a non-stop sprint to a LAC-FTA. But they all come with a warning: in the current challenging trade environment, the benefits of caution might be too little, too late.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Mauricio Mesquita Moreira Mauricio Mesquita Moreira
Format:	Monographs biblioteca
Language:	English
Published:	Inter-American Development Bank
Subjects:	Integration and Trade, Trade Agreement, MERCOSUR, Pacific Alliance, Regional Export, F14 - Empirical Studies of Trade, F13 - Trade Policy • International Trade Organizations, Integración regional;acuerdos comerciales;reglas de origen;bloques comerciales;Trade;regional integration;exports;trade agreements;rules of origin,
Online Access:	http://dx.doi.org/10.18235/0001132 https://publications.iadb.org/en/connecting-dots-road-map-better-integration-latin-america-and-caribbean
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