- Figures (and map)
- Shifting Paradigms in Latin America's Economic Development
- Institutions and the Historical Roots of Latin American Divergence
- Political Institutions, Policymaking, and Economic Policy in Latin America
- The Washington Consensus: Assessing A “damaged Brand”
- From Old to New Developmentalism in Latin America
- Environmental Sustainability
- Taming Capital Account Shocks: Managing Booms and Busts
- Exchange Rate Regimes in Latin America
- Monetary Policy in Latin America: Performance Under Crisis and the Challenges of Exuberance
- Domestic Financial Development in Latin America
- Fiscal Policy in Latin America
- Fiscal Legitimacy, Inequalities, and Democratic Consolidation in Latin America
- Latin America in the World Trade System
- Regional Integration
- The Effects of Trade Liberalization on Growth, Employment, and Wages
- The Recent Commodity Price Boom and Latin American Growth: More than New Bottles for an Old Wine?
- Curse or Blessing? Natural Resources and Human Development
- Foreign Direct Investment in Latin America
- China and the Future of Latin American Economic Development
- Latin America in the Recent Wave of International Migration
- Structural Transformation and Economic Growth in Latin America
- Learning, Technological Capabilities, and Structural Dynamics
- Why Has Productivity Growth Stagnated in Most Latin American Countries Since the Neo-Liberal Reforms?
- Agricultural and Rural Development
- An Energy Panorama of Latin America
- Infrastructure in Latin America
- The Rise and Fall of Income Inequality in Latin America
- Multidimensional Poverty in Latin America: Concept, Measurement, and Policy
- Economic Insecurity and Development in Latin America and the Caribbean
- Employment: The Dominance of the Informal Economy
- Latin American Labor Reforms: Evaluating Risk and Security
- Social Protection in Latin America: Achievements and Limitations
- Social Security Reforms in Latin America
Abstract and Keywords
This chapter schematically presents the origin, development, and future perspectives of regional integration in Latin America, placing emphasis on regional integration agreements, mainly free-trade areas and customs unions involving regional partners, as opposed to other forms of preferential trade agreements. The second section presents the main driving forces that explain the continued quest for regional integration in the region, with emphasis on their transformation over time. The third section describes the main initiatives at play under the old regionalism. The fourth section highlights the many novelties of the new regionalism, with emphasis on the policy background, the strategic objectives, and the policy instruments. The fifth section compares the performance of the old and the new regionalism. The sixth section presents the state of play of integration today after a failed attempt at hemispheric integration and the proliferation of bilateralism.
Paolo Giordano, Senior Trade Economist in the Integration and Trade Sector of the Inter-American Development Bank.
Robert Devlin, Director of the Department for Effective Public Management, Organization of American States, Washington, DC.
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