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

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  • Mauricio Mesquita Moreira

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

Abstract

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

Suggested Citation

  • Mauricio Mesquita Moreira, 2007. "Trade costs and the economic fundamentals of the initiative for integration of regional infrastructure in South America (IIRSA)," INTAL Working Papers 1460, Inter-American Development Bank, INTAL.
  • Handle: RePEc:idb:intalp:1460
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    Cited by:

    1. Ioannis N. Kessides, 2012. "Regionalising Infrastructure for Deepening Market Integration: The Case of East Africa," Journal of Infrastructure Development, India Development Foundation, vol. 4(2), pages 115-138, December.
    2. Prabir De & Muthi Samudram & Sanjeev Moholkar, 2010. "Trends in National and Regional Investors Financing Crossborder Infrastructure Projects in Asia," Trade Working Papers 21880, East Asian Bureau of Economic Research.
    3. Calfat, Germán & Flôres, R.G. & Rivas, Ana & Granato, M., 2010. "Policy making in asymmetric regional integrations: a methodology for allocating cohesion fund resources," IOB Working Papers 2010.05, Universiteit Antwerpen, Institute of Development Policy (IOB).
    4. Kessides, Ioannis N., 2014. "Regulatory reform for closing Africa.s competitiveness gap," WIDER Working Paper Series 092, World Institute for Development Economic Research (UNU-WIDER).
    5. Prabir De & Muthi Samudram & Sanjeev Moholkar, 2010. "Trends in National and Regional Investors Financing Crossborder Infrastructure Projects in Asia," Working Papers id:2939, eSocialSciences.

    More about this item

    Keywords

    INICIATIVA PARA LA INTEGRACION DE LA INFRAESTRUCTURA REGIONAL SURAMERICANA; IIRSA; INTEGRACION FISICA; INTEGRACION REGIONAL;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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