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Latin America in a Changing Global Environment

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  • Winston Fritsch
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    Abstract

    Latin America's insertion in the world trade system is entering a period of historical change. Driving that change will be the outcome, or failure, of the Uruguay Round of multilateral trade negotiations; the increasing regionalisation of trade relations; and the profound liberalisation in Latin America of national trade regimes, which is also leading to a strong revival in the region of sub-regional integration schemes. The interaction between changes in the region's trade regimes and changes in the global determinants of foreign direct investment in manufacturing are affecting the locational advantages of Latin America as a recipient of direct investment flows as well. The effects on Latin America of regionalisation in Europe and in the Western Hemisphere are, overall, benign. "EC 1992" is likely to have a positive net impact on Latin America's exports unless dramatic, and unlikely, discriminatory measures against third parties are introduced in conjunction with the creation of the ... Un bouleversement historique est en train de se produire dans le processus d'insertion de l'Amérique latine au sein du système mondial des échanges. Le sens de ce bouleversement se manifestera par l'échec ou le succès des négociations de l'Uruguay Round sur les échanges multilatéraux, par un accroissement des échanges régionaux et, en Amérique latine, par une profonde libéralisation des systèmes d'échanges nationaux qui va également provoquer dans la région un net regain d'intérêt pour les modèles d'intégration sub-régionaux. L'interaction entre les changements se produisant dans les systèmes régionaux et ceux qui déterminent globalement l'investissement direct dans le secteur industriel a aussi des conséquences sur les avantages géographiques que représente l'Amérique latine en tant que bénéficiaire de l'investissement direct. En Amérique latine, les effets de la régionalisation en Europe et dans l'hémisphère occidental sont , dans l'ensemble, bénins. "L'Europe de I992" devrait ...

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    File URL: http://dx.doi.org/10.1787/310764374447
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    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Development Centre Working Papers with number 66.

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    Date of creation: May 1992
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    Handle: RePEc:oec:devaaa:66-en

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