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From strangers to partners in the hemisphere: New Prospects in Australia’s Economic Relations with Latin America

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  • Don Kenyon
  • Pierre van der Eng

Abstract

From marginal relevance, the trade and business relations between Australia and Latin America have grown during the past two decades. A proximate reason is that they diversified to encompass a greater range of manufactures and services. Differences in the business environments of Australia and Latin America remain that are obstacles to further expansion of these relations. The ultimate reason for the growth and diversification of these relations is that Australia and its key business partners in Latin America (Argentina, Brazil, Chile and Mexico) experienced the impact of processes of trade liberalisation, market deregulation and structural reform during the past two decades. Australia and these Latin American countries now share common interests in fostering business relations, for which there are opportunities at multilateral, plurilateral and bilateral levels.

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Bibliographic Info

Paper provided by Centre for Economic Policy Research, Research School of Economics, Australian National University in its series CEPR Discussion Papers with number 650.

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Date of creation: Jun 2011
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Handle: RePEc:auu:dpaper:650

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Keywords: Trade; Investment; Australia; Latin America; Economic Relations;

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  1. Treviño, Len J. & Mixon, Franklin G., 2004. "Strategic factors affecting foreign direct investment decisions by multi-national enterprises in Latin America," Journal of World Business, Elsevier, Elsevier, vol. 39(3), pages 233-243, August.
  2. Brenes, Esteban R. & Haar, Jerry & Requena, Bernardo, 2009. "Latin America: Environmental and firm-level challenges," Journal of Business Research, Elsevier, Elsevier, vol. 62(9), pages 849-853, September.
  3. Mortimore, Michael, 2000. "Corporate Strategies for FDI in the Context of Latin America's New Economic Model," World Development, Elsevier, Elsevier, vol. 28(9), pages 1611-1626, September.
  4. Donoso, Patricio & Crittenden, Victoria L., 2008. "Strategic management in Latin America," Journal of Business Research, Elsevier, Elsevier, vol. 61(6), pages 587-589, June.
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