Deep Trade Agreements
International economic integration offers unexploited opportunities to Latin America and the Caribbean. This report studies how the region’s countries can leverage trade agreements to promote their economies’ participation in global value chains (GVCs).The gaps between potential and actual GVC integ...
Guardado en:
| Autores principales: | , |
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| Formato: | En linea |
| Idioma: | en_US |
| Publicado: |
Washington, DC : World Bank
2022
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10986/37655 |
| _version_ | 1866367978937778176 |
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| author | Rocha, Nadia Ruta, Michele |
| author_facet | Rocha, Nadia Ruta, Michele |
| author_sort | Rocha, Nadia |
| collection | Colección Libros - Series (activas) |
| description | International economic integration offers unexploited opportunities to Latin America and the Caribbean. This report studies how the region’s countries can leverage trade agreements to promote their economies’ participation in global value chains (GVCs).The gaps between potential and actual GVC integration follow from the region’s Economic fundamentals, such as geography, market size, institutions, and factor endowments. But policy choices matter as well. The report, based on new data and evidence, shows that trade agreements can drive policy reforms and help the region overcome some of its disadvantageous fundamentals. The report makes specific policy recommendations to guide Latin American and Caribbean countries in leveraging trade agreements to pursue greater international integration and economic growth. Four main findings emerge from the analysis: (i) Latin America and the Caribbean’s poor international integration and limited participation in GVCs have contributed to its low economic growth over the past decade; (ii) Although the region’s countries increasingly participate in preferential trade agreements (PTAs), there are gaps in the content of these agreements; (iii) Deep trade agreements present an avenue to promote trade and boost GVC integration and upgrading, thus contributing to improved economic performance; (iv) Four areas of deep integration - trade facilitation, regulatory cooperation, services, and state support - are priorities to improve these countries’ GVC participation and upgrading. |
| format | Online Book |
| id | wb-10986-37655 |
| institution | Banco Mundial |
| language | en_US |
| publishDate | 2022 |
| publisher | Washington, DC : World Bank |
| record_format | dspace |
| spelling | wb-10986-376552025-08-28T19:20:32Z Deep Trade Agreements Acuerdos Comerciales Profundos : Una Vía a la Integración de América Latina y el Caribe en las Cadenas de Valor Mundiales Anchoring Global Value Chains in Latin America and the Caribbean Rocha, Nadia Ruta, Michele TRADE GLOBAL VALUE CHAIN INTEGRATION PREFERENTIAL TRADE AGREEMENTS PATTERNS ECONOMIC IMPACT TRADE FACILITATION REGULATORY COOPERATION SERVICES TRADE STATE SUPPORT LEVERAGE International economic integration offers unexploited opportunities to Latin America and the Caribbean. This report studies how the region’s countries can leverage trade agreements to promote their economies’ participation in global value chains (GVCs).The gaps between potential and actual GVC integration follow from the region’s Economic fundamentals, such as geography, market size, institutions, and factor endowments. But policy choices matter as well. The report, based on new data and evidence, shows that trade agreements can drive policy reforms and help the region overcome some of its disadvantageous fundamentals. The report makes specific policy recommendations to guide Latin American and Caribbean countries in leveraging trade agreements to pursue greater international integration and economic growth. Four main findings emerge from the analysis: (i) Latin America and the Caribbean’s poor international integration and limited participation in GVCs have contributed to its low economic growth over the past decade; (ii) Although the region’s countries increasingly participate in preferential trade agreements (PTAs), there are gaps in the content of these agreements; (iii) Deep trade agreements present an avenue to promote trade and boost GVC integration and upgrading, thus contributing to improved economic performance; (iv) Four areas of deep integration - trade facilitation, regulatory cooperation, services, and state support - are priorities to improve these countries’ GVC participation and upgrading. La integración económica internacional ofrece oportunidades no explotadas para América Latina y el Caribe. En este informe se estudia la forma en que los países de la región pueden aprovechar los acuerdos comerciales para promover la participación de sus economías en las cadenas de valor mundiales (CVM). Las brechas entre la integración potencial y real a las CVM se derivan de los elementos económicos fundamentales de la región, como la geografía, el tamaño del mercado, las instituciones y la dotación de factores. Sin embargo, las opciones de políticas también tienen relevancia. El informe, basado en nuevos datos y evidencias, muestra que los acuerdos comerciales pueden impulsar reformas de políticas y ayudar a que la región supere algunos de sus principales aspectos económicos desfavorables. En el informe se presentan recomendaciones específicas de políticas para orientar a los países de América Latina y el Caribe a la hora de aprovechar los acuerdos comerciales para alcanzar mayor integración internacional y crecimiento económico. Del análisis surgen cuatro conclusiones principales: (i) La escasa integración internacional y la limitada participación de América Latina y el Caribe en las CVM han contribuido a su bajo crecimiento económico durante la última década; (ii) A pesar de que los países de la región participan cada vez más en acuerdos comerciales preferenciales, existen vacíos en el contenido de estos acuerdos; (iii) Los acuerdos comerciales profundos presentan una oportunidad para promover el comercio e impulsar la integración a las CVM y la mejora de estas, y así contribuir a un mejor desempeño de la economía; (iv) Existen cuatro áreas de integración profunda (facilitación del comercio, cooperación en materia reglamentaria, servicios y apoyo estatal) que resultan prioritarias para mejorar la participación de estos países en las CVM y la modernización de estas. 2022-07-07T18:35:39Z 2022-07-07T18:35:39Z 2022-07-12 Book Livre Libro 978-1-4648-1824-0 https://hdl.handle.net/10986/37655 10.1596/978-1-4648-1824-0 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf Washington, DC : World Bank |
| spellingShingle | TRADE GLOBAL VALUE CHAIN INTEGRATION PREFERENTIAL TRADE AGREEMENTS PATTERNS ECONOMIC IMPACT TRADE FACILITATION REGULATORY COOPERATION SERVICES TRADE STATE SUPPORT LEVERAGE Rocha, Nadia Ruta, Michele Deep Trade Agreements |
| title | Deep Trade Agreements |
| title_full | Deep Trade Agreements |
| title_fullStr | Deep Trade Agreements |
| title_full_unstemmed | Deep Trade Agreements |
| title_short | Deep Trade Agreements |
| title_sort | deep trade agreements |
| topic | TRADE GLOBAL VALUE CHAIN INTEGRATION PREFERENTIAL TRADE AGREEMENTS PATTERNS ECONOMIC IMPACT TRADE FACILITATION REGULATORY COOPERATION SERVICES TRADE STATE SUPPORT LEVERAGE |
| url | https://hdl.handle.net/10986/37655 |
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