Trade, Investment and Fragmentation of the Global Market: Is Latin America Lagging Behind?
"This document has the purpose of contributing to the analysis of trends and prospects of Latin America's insertion into the new global scenario, characterized by a growing integration of national economies -- through trade, investment, finance, etc. -- and the increasing internationalization of the so-called global value chains (GVCs). In this paper, we study their impact on the developing economies, focusing particularly on Latin America ... The document is structured as follows: in the second section, we present information on trade and FDI worldwide trends, particularly in terms of their relation to the GVC phenomenon. Also, we briefly introduce a conceptual framework to analyze such trends and its impacts. Section III discusses available data on the way Latin America is inserted into worldwide trends of trade and investment and the participation (or not) of the continent in international production systems. In section IV we look into the reasons for the region's weak role in GVCs and of the scarce positive impacts resulting from its present integration manner into the trends of trade and FDI. In section V, we present the main conclusion and political lessons."--Publisher's website.
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