Post by nurnobisorker44 on Mar 4, 2024 1:29:37 GMT -5
Director of the OECD Development Center. In her presentation, Alicia Bárcena highlighted that the current process of weakening globalization is offering opportunities for regional productive integration and is at the same time a challenge, since the restructuring of global economic geography is producing a rearrangement of value chains. due to reshoring and nearshoring processes . “The regionalization underway globally will likely be organized around three main regions: North America, with the United States at the center; Europe, with Germany in the center; and the Asia Pacific, with China, Japan and Korea around the Regional Comprehensive Economic Partnership (RCEP, Regional Comprehensive Economic Partnership.
How can Latin America and the Caribbean take advantage of this process?” explained Bárcena. According to the senior United Nations official, it is not possible to have a single strategy, since there are three very different realities in the region, each with its own advances or setbacks in Guatemala Mobile Number List terms of integration. On the one hand, there is Central America, Mexico and the Dominican Republic, which have one of the most successful integration mechanisms: the Central American Common Market (CACM), created more than 60 years ago, and which has managed to establish value chains with South America. North. A very different reality exists in South America, which has suffered problems because its exports are based.
Mainly on natural resources and its integration schemes are increasingly fragmented and losing spaces, such as MERCOSUR and CAN (Andean Community of Nations). ). In addition, there has been a “lock-in” effect with China, its main trading partner, which has worsened with the pandemic, so the risk of reprimarization of this subregion is very high. And finally there is the Caribbean, with the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS), which has been the most successful, but these countries face difficulties due to their island nature, their high level of debt, its extreme vulnerability to climate change, and its disintegration with global markets.
How can Latin America and the Caribbean take advantage of this process?” explained Bárcena. According to the senior United Nations official, it is not possible to have a single strategy, since there are three very different realities in the region, each with its own advances or setbacks in Guatemala Mobile Number List terms of integration. On the one hand, there is Central America, Mexico and the Dominican Republic, which have one of the most successful integration mechanisms: the Central American Common Market (CACM), created more than 60 years ago, and which has managed to establish value chains with South America. North. A very different reality exists in South America, which has suffered problems because its exports are based.
Mainly on natural resources and its integration schemes are increasingly fragmented and losing spaces, such as MERCOSUR and CAN (Andean Community of Nations). ). In addition, there has been a “lock-in” effect with China, its main trading partner, which has worsened with the pandemic, so the risk of reprimarization of this subregion is very high. And finally there is the Caribbean, with the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS), which has been the most successful, but these countries face difficulties due to their island nature, their high level of debt, its extreme vulnerability to climate change, and its disintegration with global markets.