Trade Integration as a Pathway to Development?

After a period of rapid economic growth associated with high commodity prices, the Latin America and Caribbean region has again entered a phase of lackluster performance. Overall this slowdown seems more self-inflicted than imported, and the outlook for the region is not encouraging either. A tepi...

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Main Author:	World Bank
Format:	Serial
Language:	English
Published:	Washington, DC: World Bank 2019
Subjects:	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY LATIN AMERICA SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT TRADE MONETARY POLICY TERMS OF TRADE SHOCK CAPITAL FLIGHT
Online Access:	http://documents.worldbank.org/curated/en/507421570778369240/Trade-Integration-as-a-Pathway-to-Development http://hdl.handle.net/10986/32518

id	okr-10986-32518
recordtype	oai_dc
spelling	okr-10986-325182021-04-23T14:05:14Z Trade Integration as a Pathway to Development? World Bank GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY LATIN AMERICA SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT TRADE MONETARY POLICY TERMS OF TRADE SHOCK CAPITAL FLIGHT After a period of rapid economic growth associated with high commodity prices, the Latin America and Caribbean region has again entered a phase of lackluster performance. Overall this slowdown seems more self-inflicted than imported, and the outlook for the region is not encouraging either. A tepid export response constrains the prospect of growing through external demand whereas limited fiscal space leaves little room to stimulate domestic demand. The outlook could deteriorate further if the international environment became less conducive. This report explores whether inward-looking development strategies could be one of the reasons for slow growth in Latin America and the Caribbean. Trade barriers are higher than in other developing regions, and while numerous preferential trade agreements have been signed, many of them are intra-regional. The report shows that South-North agreements are associated with increases in economic complexity and faster economic growth than South-South agreements. It illustrates the point by assessing the economic, social, spatial and environmental impacts of two major: South-North agreements signed over the last year. 2019-10-09T20:41:30Z 2019-10-09T20:41:30Z 2019-10-10 Serial http://documents.worldbank.org/curated/en/507421570778369240/Trade-Integration-as-a-Pathway-to-Development 978-1-4648-1516-4 http://hdl.handle.net/10986/32518 English LAC Semiannual Report; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Latin America & Caribbean Caribbean Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY LATIN AMERICA SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT TRADE MONETARY POLICY TERMS OF TRADE SHOCK CAPITAL FLIGHT
spellingShingle	GROWTH HOUSEHOLD INCOME INEQUALITY LABOR FORCE PARTICIPATION LABOR INCOME INEQUALITY LATIN AMERICA SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT TRADE MONETARY POLICY TERMS OF TRADE SHOCK CAPITAL FLIGHT World Bank Trade Integration as a Pathway to Development?
geographic_facet	Latin America & Caribbean Caribbean Latin America
relation	LAC Semiannual Report;
description	After a period of rapid economic growth associated with high commodity prices, the Latin America and Caribbean region has again entered a phase of lackluster performance. Overall this slowdown seems more self-inflicted than imported, and the outlook for the region is not encouraging either. A tepid export response constrains the prospect of growing through external demand whereas limited fiscal space leaves little room to stimulate domestic demand. The outlook could deteriorate further if the international environment became less conducive. This report explores whether inward-looking development strategies could be one of the reasons for slow growth in Latin America and the Caribbean. Trade barriers are higher than in other developing regions, and while numerous preferential trade agreements have been signed, many of them are intra-regional. The report shows that South-North agreements are associated with increases in economic complexity and faster economic growth than South-South agreements. It illustrates the point by assessing the economic, social, spatial and environmental impacts of two major: South-North agreements signed over the last year.
format	Serial
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Trade Integration as a Pathway to Development?
title_short	Trade Integration as a Pathway to Development?
title_full	Trade Integration as a Pathway to Development?
title_fullStr	Trade Integration as a Pathway to Development?
title_full_unstemmed	Trade Integration as a Pathway to Development?
title_sort	trade integration as a pathway to development?
publisher	Washington, DC: World Bank
publishDate	2019
url	http://documents.worldbank.org/curated/en/507421570778369240/Trade-Integration-as-a-Pathway-to-Development http://hdl.handle.net/10986/32518
_version_	1764476710297796608

Trade Integration as a Pathway to Development?

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