Cluster Report: Trade Integration in Latin America and the Caribbean

International Monetary Fund

No 2017/066, IMF Staff Country Reports from International Monetary Fund

Abstract: This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With trade integration below that of other regions, there is scope for Latin America and the Caribbean to increase trade as an engine of growth to help offset the weaker economic outlook without damage to overall income inequality. There is potential to enhance both inter- and intraregional trade integration, but renewed political momentum within the region in support of greater trade openness could do much to further intraregional trade integration in particular.

Keywords: ISCR; CR; LAC country; trade openness; trade agreement; economic growth; comparative advantage; capital goods; commodity exporter; TPP participant; trading partner; export product; trade diversion; common market; LAC trade connectivity; trade connectivity; Exports; Trade integration; Trade liberalization; Trade agreements; Trade facilitation; Global; Caribbean; Central America; Asia and Pacific; South America (search for similar items in EconPapers)
Pages: 56
Date: 2017-03-10
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Citations: View citations in EconPapers (8)

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