A Virtuous Cycle of Integration: The Past, Present, and Future of Japan-Latin America and the Caribbean Relations
Japan and Latin America and the Caribbean (LAC) enjoy a diverse and longstanding economic relationship. The ties between the two economies encompass trade and foreign direct investment in a range of industries, a robust cooperation agenda between governments, and significant migration flows, bringing considerable benefits to both sides and belying the common impression that LAC-Asia integration is only about commodities-for-manufacturing trade. This report describes how the relationship has evolved over the course of more than a century, highlighting the role of both firms and governments in discovering new areas for mutually beneficial exchange and encouraging a broader distribution of development gains. Despite these successes, there are still opportunities for LAC governments to deepen integration with Japan. In a challenging global economic environment, the report suggests how governments can ensure this relationship continues to prosper in the future.
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| Format: | Monographs biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Economic Integration, Manufacturing Export, Commodity Export, Industrial Productivity, Technology Transfer, Investment Attraction, Regional Integration, Capital Goods, Comparative Advantage, Value Chain, Trade Agreement, Innovation, Fishery, Bilateral Trade, Exponential Technology, F15 - Economic Integration F2 - International Factor Movements and International Business, manufacturing;exports;economic integration;comparative advantage;commodities-for-manufactures pattern, |
| Online Access: | http://dx.doi.org/10.18235/0012645 https://publications.iadb.org/en/virtuous-cycle-integration-past-present-and-future-japan-latin-america-and-caribbean-relations |
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| Summary: | Japan and Latin America and the Caribbean (LAC) enjoy a diverse and longstanding economic relationship. The ties between the two economies encompass trade and foreign direct investment in a range of industries, a robust cooperation agenda between governments, and significant migration flows, bringing considerable benefits to both sides and belying the common impression that LAC-Asia integration is only about commodities-for-manufacturing trade. This report describes how the relationship has evolved over the course of more than a century, highlighting the role of both firms and governments in discovering new areas for mutually beneficial exchange and encouraging a broader distribution of development gains. Despite these successes, there are still opportunities for LAC governments to deepen integration with Japan. In a challenging global economic environment, the report suggests how governments can ensure this relationship continues to prosper in the future. |
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