Prospects for Regional Cooperation between Latin America and the Caribbean Region and the Asia and Pacific Region: Perspective from East Asia

Erlinda M. Medalla and Jenny D. Balboa
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Erlinda M. Medalla: Asian Development Bank Institute
Jenny D. Balboa: Asian Development Bank Institute

No 217, ADBI Working Papers from Asian Development Bank Institute

Abstract: The Asia and Pacific region and Latin American and Caribbean region are two regions divided not only by vast geographic distance, but also by disparities in economics, politics, culture, and history. Most recently, a number of forums explored the possibility of closing such gaps and linking the two regions through various trade and investment initiatives. The opportunities for cooperation abound and could touch on areas that will improve the regional value chain and enhance the innovation and competitiveness of both regions. Interregional cooperation could also help the two regions seek ways to deal with the current global economic crisis through a range of opportunities to stimulate the economy. This paper explores the potential for regional cooperation between the Asia and Pacific region and Latin America and the Caribbean. It also provides some recommendations to enhance the economic partnership of the two regions.

Keywords: interregional economic cooperation; asia pacific; latin america caribbean (search for similar items in EconPapers)
JEL-codes: F13 F15 F59 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2010-05-25
New Economics Papers: this item is included in nep-dev and nep-sea
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