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.

Object Details

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

References and Relationships

• Bibliographic citation: Series: WIDER Working Paper ; No. 2012/48

Classification and Topics

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

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ocampo, José Antonio
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/81047
• Last update: 10.03.2025, 11:41 AM CET