Research Catalog

Title

Better neighbors : toward a renewal of economic integration in Latin America / Chad P. Bown, Daniel Lederman, Samuel Pienknagura, and Raymond Robertson.

Author

Bown, Chad P. (Chad Philips), 1972-

Publication

• Washington, DC : World Bank Group, [2017]
• ©2017

Items in the Library & Off-site

Details

Additional Authors

• Lederman, Daniel, 1968-
• Pienknagura, Samuel
• Robertson, Raymond, 1969-
• World Bank Group, issuing body.

Description

xvi, 178 pages : color illustrations, color maps; 26 cm

Summary

In a clear break from its past, Latin America and the Caribbean (LAC), particularly South America, experienced a growth spurt with equity during the first decade of the 21st century. One policy area that has moved back to center stage is regional integration. Indeed, since at least the 1960s, LAC has experimented with various forms of regional integration with the hope that fostering regional economic ties can yield the type of economic success that the region has long sought. The current push toward regional integration has been influenced by the success of the East Asia and Pacific (EAP) region, where intraregional trade, exports to the rest of the world, and incomes have risen together as the region continues to catch up to the income levels of the United States. The goal of leveraging formal trade arrangements to accelerate growth is evident in many of the trade agreements that are in place in the region. This report revisits the concept of OR and presents evidence supporting the idea that a revitalized OR strategy can contribute to growth with stability by exploiting the complementarities between regional and global economic integration. It presents a five pronged strategy, including: (i) reducing external most-favored-nation (MFN) tariffs; (ii) deepening economic integration between South America and Central and North America; (iii) harmonizing rules and procedures governing the exchange of goods, services, and factors of production; (iv) stepping up efforts to reduce LAC's high trade costs; and (v) integrating labor and capital markets in the Americas. The report draws upon two prominent strands of economic theory. The first is the idea that the gains from trade depend on differences between countries. The second is the idea that trade facilitates learning, either through the experience of exporting or from the exposure to new products and ideas that are embodied in imports.

Series Statement

World Bank Latin American and Caribbean studies

Uniform Title

World Bank Latin American and Caribbean studies.

Subject

• Economic development > Latin America
• Foreign trade regulation > Latin America
• Latin America > Economic integration

Bibliography (note)

• Includes bibliographical references.

Additional Formats (note)

• Also available online.

Call Number

JFF 17-1780

ISBN

• 9781464809774
• 1464809771

LCCN

2017385370

OCLC

984342857

Author

Bown, Chad P. (Chad Philips), 1972- author.

Title

Better neighbors : toward a renewal of economic integration in Latin America / Chad P. Bown, Daniel Lederman, Samuel Pienknagura, and Raymond Robertson.

Publisher

Washington, DC : World Bank Group, [2017]

Copyright Date

©2017

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Series

World Bank Latin American and Caribbean studies

World Bank Latin American and Caribbean studies.

Additional Formats

Also available online.

Bibliography

Includes bibliographical references.

Added Author

Lederman, Daniel, 1968- author.

Pienknagura, Samuel, author.

Robertson, Raymond, 1969- author.

World Bank Group, issuing body.

Other Form:

Online version: Bown, Chad P. (Chad Philips), 1972- Better neighbors. Washington, DC : World Bank Group, [2017] (OCoLC)984343342

Research Call Number

JFF 17-1780