Resumen: This book proposes a renewal of ‘Open Regionalism’ in Latin America and the Caribbean (LAC) aimed at achieving the region’s goals of high growth with stability. The LAC region experienced a growth spurt with equity during the first decade of the 21st Century. It is well understood that an unsustainable demand boom fueled by terms-of-trade improvements drove this growth acceleration episode, especially in South America. Unfortunately, terms of trade are no longer fueling growth, and the region’s policymakers are in search of new sources of growth with stability. With the experience of East Asia and the Pacific in mind, many policymakers in LAC are looking to international economic ties as a potential source of stable growth. The challenge highlighted in this book lies in designing an integration agenda comprising trade and factor market integration that is conducive to region-wide efficiency gains, which can help LAC enhance its global competitiveness. The forces of geography imply that pro-growth global integration cannot be achieved without building a strong neighborhood. Thus, this volume argues that LAC’s regional economic integration agenda needs to go well beyond the current spaghetti bowl of preferential trading arrangements.
Resumen: Este informe se pregunta cuál es el futuro del MERCOSUR tras cumplir sus primeros 25 años y qué debemos hacer para adaptarnos a la nueva era. “Los futuros del MERCOSUR” realiza un diagnóstico preciso de la situación del bloque regional y presenta ideas creativas para avanzar en un sendero de desarrollo sustentable que brinde opciones para fortalecer la integración en el presente escenario, en una convocatoria conjunta entre el Instituto para la Integración de América Latina y el Caribe (INTAL), del Sector de Integración y Comercio (INT) del BID, y la Red Sudamericana de Economía Aplicada.
Resumen: Inspired by the encyclical Laudato Si’, by Pope Francis, Nobel prizes and world experts pose concrete options for advancing in a regional eco-integration where social and environmental dimension of development are priorities. The commitments made to mitigate climate change at the Paris and Marrakesh summits require the cooperation of different nations in a joint effort to counteract global warming. Latin America has an enormous natural wealth that represents an opportunity, but also a great responsibility: to protect the planet and at the same time find ways to reduce the inequities that characterize the region. The new edition of IDB-INTAL Integration & Trade Journal offers creative measures, analyzes the governance challenges offered by the current scenario, describes sustainable models of trade, examines the impact of climate change and draws bridges to advance in an integral ecology where humanism became the engine of civilization.