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Better Neighbors
Report

Better Neighbors

Toward a Renewal of Economic Integration in Latin America

World Bank, 2017


Editorial Rating

8

Qualities

  • Analytical
  • Innovative

Recommendation

Governments in Latin America and the Caribbean are exploring ways to boost growth, reinvigorate their economies and achieve a global presence through “open regionalism,” a form of geographic economic integration. The process is multifaceted and complex, but with careful execution, it can yield long-term benefits, according to this prescriptive report from economists Chad P. Bown, Daniel Lederman, Samuel Pienknagura and Raymond Robertson. getAbstract recommends this study for its thorough and provocative analysis to policy makers and executives.

Take-Aways

  • A slump in economic activity since 2010 in Latin America and the Caribbean (LAC) argues for renewed efforts to promote growth.
  • Strong alliances among nations based on geographic proximity are a way to improve economic performance.
  • The formation of regions as building blocks for global integration is a growth strategy referred to as “open regionalism.”

About the Authors

Chad Bown et al. are economists.