The development implications of external integration in Latin America

Arbeitspapier

This paper analyses the links between the integration into the international economy and development in Latin America over the past quarter century. It argues that external liberalization led to faster export growth but not to faster GDP or productivity growth. Growth also became more volatile, reflecting large vulnerabilities to external shocks. Looking forward, it argues for variable mixes of three strategies: (i) active production sector policies with a focus on technological upgrading existing and new production activities; (ii) growing links with China, while redressing the major asymmetries that characterize Latin America's trade with the Asian giant: and (iii) strengthened regional integration processes.

Angaben zum Objekt

• ISBN: 978-92-9230-511-6
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WIDER Working Paper ; No. 2012/48

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Trade: General ; Financial Aspects of Economic Integration ; Economic Growth of Open Economies
• Thema: trade liberalization ; specialization patterns ; regional integration ; capital account openness ; production sector policies ; real exchange rate ; Internationale Wirtschaft ; Handelsliberalisierung ; Internationale Arbeitsteilung ; Kapitalbilanz ; Lateinamerika

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ocampo, José Antonio
• Ereignis: Veröffentlichung
• (wer): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (wo): Helsinki
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/81047
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ