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Trade costs and the economic fundamentals of the initiative for integration of regional infrastructure in South America (IIRSA)

  • Mauricio Mesquita Moreira

    (Instituto para la Integración de América Latina y el Caribe, INTAL)

En octubre de 2000 los doce países de América del Sur lanzaron una iniciativa multinacional, multisectorial y multidisciplinaria cuyo objetivo principal es desarrollar la infraestructura de la región en un contexto de sustentabilidad. La iniciativa, conjuntamente financiada por el Banco Interamericano de Desarrollo (BID); la Corporación Andina de Fomento (CAF) y el Fondo Financiero para el Desarrollo de la Cuenca del Plata (FONPLATA), se basa en una estrategia de ejes y su plan de acción tiene como objetivo (1) fortalecer el planeamiento de inversiones nacionales y la coordinación entre países, (2) la estandarización y armonización de aspectos regulatorios e institucionales y, (3) el desarrollo de un portfolio de proyectos que promueva la participación del sector privado y esquemas de financiación innovadores. Este artículo revisa los fundamentos económicos de IIRSA teniendo en cuenta: la motivación detrás de la integración regional; la importancia del transporte versus los costos de política y comercio relacionados y el probable impacto de la iniciativa sobre las disparidades regionales y el crecimiento = In October 2000, the twelve countries of South America launched, a multinational, multisectoral and multidisciplinary initiative, whose main objective is to develop the region's infrastructure within a context of environmental sustainability. Supported by the Inter-American Development Bank (IDB), the Andean Development Corporation, and the Financial Fund for the Development of the River Plate Basin, the Initiative is based on a hub strategy and its action plan calls for (1) strengthening national investment planning and coordination among countries, (2) standardizing and harmonizing regulatory and institutional aspects and (3) developing a portfolio of projects that encourage private sector participation and innovative financing schemes. This paper revisits IIRSA's economic fundamentals, looking at: the motivation behind regional integration; the importance of transport versus policy related trade costs; and the likely impact of the initiative on regional disparities and growth = Em Outubro de 2000 os doze países sul americanos lançaram uma iniciativa multinacional, multisetorial e multidisciplinar cujo objetivo principal e desenvolver a infra-estrutura da regiao num contexto de sustentabilidade. A iniciativa, financiada pelo Banco Inter-Americano de Desenvolvimento (BID), Corporaçao Andina de Fomento (CAF) e o Fundo Financeiro para o Desenvolvimento da Bacia do Plata (FONPLATA), esta baseada numa estratégia de eixos e seu plano de açao tem como objetivos: (1) fortalecer o planejamento de investimentos nacionais e a coordenaçao entre países; (2) a estandardizaçao e harmonizaçao dos aspectos regulatorios e institucionais; (3) o desenvolvimento de um portfolio de projetos que promova a participaçao do setor privado e esquemas de financiamento inovadores. Este artigo revisa os fundamentos econômicos do IIRSA tendo em conta a motivaçao detrás da integraçao regional, a importância do transporte versos os custos politicos e comercio relacionados e, o provável impacto da iniciativa sobres disparidades regionais e o crescimento

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Paper provided by Inter-American Development Bank, INTAL in its series INTAL Working Papers with number 1460.

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Length: 27 p.
Date of creation: May 2007
Date of revision:
Handle: RePEc:idb:intalp:1460
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