Integration into the world economy

Integration into the world economy is vital for the economic development and stability for every country in the world. By being properly integrated with the world economy, the Latin America and Caribbean countries would have the access to a larger consumer base, influx of new cutting-edge technologies, and various sources of funding and financing. In addition, economic integration will lower the costs of goods and services while also increase the purchasing power for the member countries. Thus, the International Trade and Integration division of ECLAC continuously promotes and supports the integration effort of Latin America and Caribbean countries into the world economy via mediation of inter-regional trade meetings and discussions.