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Regional Integration in Latin America - The Pacific Alliance a Way Ahead
Journal Articles, Spanish

Challenges Faced by Intra-Regional Trade in the Pacific Alliance

Abstract:
The Pacific Alliance is a rough example of the model of South-South strategic regionalism evolved, arising in Latin America at the end of the first decade of the century. It is characterised, as most integration initiatives in the region, for unimportant and low intensity intra-regional trade. This result is due to low trade complementarity between the economies that encompass the Pacific Alliance. In response, this paper aims to make clear that the implementation of ambitious trade liberalisation will not be enough to boost intra-regional trade in the Alliance, it will require further implement policies for economic diversification aimed at raising the quality of the export basket of each member country.

Resumen:
La Alianza del Pacífico, una manifestación aproximada del modelo de regionalismo estratégico Sur-Sur evolucionado, que surge en América Latina a finales de la primera década del siglo XXI, está caracterizada, como la mayoría de las iniciativas de integración en la región, por un comercio intrarregional poco importante y poco intenso. Lo cual es consecuencia de la baja complementariedad comercial entre las economías que le conforman. Ante ello, el presente trabajo pretende dejar en evidencia que la ejecución de un programa de liberalización comercial ambicioso no será suficiente para impulsar el comercio intrarregional en la Alianza, pues hará falta además, ejecutar políticas de diversificación económica dirigidas a elevar la calidad de la canasta de exportación de cada país miembro.

Author: Albio Márquez Rangel
Spanish Title:Desafíos a enfrentar por el comercio intrarregional en la Alianza del Pacífico
Full document: 2015, Rangel, Desafíos a Enfrentar por el Comercio Intrarregional en la Alianza del Pacífico

March 10, 2016by Ana Maria Palacio

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Hello my name is Ana Maria Palacio. I have a PhD from the University of Melbourne. This blog is about my thesis project, the Pacific Alliance.

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