(May 25, 2015) “China is prepared to deepen its cooperation with Latin America and the Caribbean in order to mutually learn from each other and forge together a new path for the China-Latin America and the Caribbean Comprehensive Cooperation Association, announced by President Xi Jinping last July,” said the Asian country’s Premier, Li Keqiang, during a keynote lecture at ECLAC’s headquarters in Santiago, Chile.
The senior official gave a lecture aimed at the entire Latin American and Caribbean region, at the end of a tour that included four countries: Brazil, Colombia, Peru and Chile. Chilean…
The region of Latin America and the Caribbean must decidedly make progress on economic integration and move towards an integrated space with common rules for trade and investment, Alicia Bárcena, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), said today during a high-level conference held in Santiago, Chile.
The senior United Nations official was the keynote speaker during the first day of the 5th Plenary Meeting of the OECD Initiative for Policy Dialogue on Global Value Chains, Production Transformation and Development—a gathering organized by …
This document was prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) for the official visit of Geung-hye Park, President of the Republic of Korea, to several countries in the region.
The Republic of Korea’s success in economic and social development offers many lessons for Latin America and the Caribbean and the developing world as a whole. From being one of the poorest countries in the world in the early 1960s, in six short decades the Republic of Korea has succeeded in transforming itself into a high-income economy, a major manufacturing, scientific and export po…
(9 January 2015) Speaking in Beijing, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, stated “It is vital for the region to forge closer strategic ties with China in order to attract more Chinese foreign direct investment, particularly that aimed at improving infrastructure, promoting production and export diversification and boosting Chinese-Latin American business partnerships”.
The senior United Nations official was one of the speakers at the first ministerial forum between China and the Community of Latin American and Caribbea…
For a second consecutive year, Latin America and the Caribbean had a negative foreign trade balance in 2014 of more than $30 billion dollars, according to official figures from year’s end compiled by ECLAC. The region’s exports decreased 2.1% from a year earlier, while imports fell 0.6%.…
The automotive sector is one of the sectors in which trade between mercosur countries has grown most strongly. This article examines the possibility that trade diversion occurred in that sector during the period 1991-2010, assuming that product costs fell as a result of market expansion. The analysis is based on the concepts of “cost reduction” and “trade suppression” coined by Corden (1972), which capture the effects of economies of scale. Indices of regional orientation and revealed comparative advantages are used in combination to assess whether the trade bloc is evolving in line with compa…