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Better Neighbors

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 tha...

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Principais autores: Bown, Chad P., Lederman, Daniel, Pienknagura, Samuel, Robertson, Raymond
Formato: Online
Idioma:inglês
en_US
Publicado em: Washington, DC: World Bank 2016
Assuntos:
Acesso em linha:https://hdl.handle.net/10986/25736
https://doi.org/10.1596/978-1-4648-0977-4
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author Bown, Chad P.
Lederman, Daniel
Pienknagura, Samuel
Robertson, Raymond
author_facet Bown, Chad P.
Lederman, Daniel
Pienknagura, Samuel
Robertson, Raymond
author_sort Bown, Chad P.
collection Publicaciones regionales/sectoriales principales
description 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.
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spelling wb-10986-257362025-04-15T11:36:13Z Better Neighbors Toward a Renewal of Economic Integration in Latin America Bown, Chad P. Lederman, Daniel Pienknagura, Samuel Robertson, Raymond BOOM ECONOMIC GROWTH EFFICIENCY EQUITY FACTOR INTEGRATION GLOBAL COMPETITIVENESS GROWTH ACCELERATION MARKET INTEGRATION PREFERENTIAL TRADE AGREEMENTS REGIONAL ECONOMIC INTEGRATION REGIONALISM STABILITY TERMS-OF-TRADE 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. 2016-12-13T18:19:58Z 2016-12-13T18:19:58Z 2017-03-14 Book Livre Libro 978-1-4648-0977-4 https://hdl.handle.net/10986/25736 10.1596/978-1-4648-0977-4 https://doi.org/10.1596/978-1-4648-0977-4 English en_US World Bank Latin American and Caribbean Studies; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf application/pdf Washington, DC: World Bank
spellingShingle BOOM
ECONOMIC GROWTH
EFFICIENCY
EQUITY
FACTOR INTEGRATION
GLOBAL COMPETITIVENESS
GROWTH ACCELERATION
MARKET INTEGRATION
PREFERENTIAL TRADE AGREEMENTS
REGIONAL ECONOMIC INTEGRATION
REGIONALISM
STABILITY
TERMS-OF-TRADE
Bown, Chad P.
Lederman, Daniel
Pienknagura, Samuel
Robertson, Raymond
Better Neighbors
title Better Neighbors
title_full Better Neighbors
title_fullStr Better Neighbors
title_full_unstemmed Better Neighbors
title_short Better Neighbors
title_sort better neighbors
topic BOOM
ECONOMIC GROWTH
EFFICIENCY
EQUITY
FACTOR INTEGRATION
GLOBAL COMPETITIVENESS
GROWTH ACCELERATION
MARKET INTEGRATION
PREFERENTIAL TRADE AGREEMENTS
REGIONAL ECONOMIC INTEGRATION
REGIONALISM
STABILITY
TERMS-OF-TRADE
url https://hdl.handle.net/10986/25736
https://doi.org/10.1596/978-1-4648-0977-4
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AT ledermandaniel towardarenewalofeconomicintegrationinlatinamerica
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