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International economic integration

Trade :

The Undervalued Driver of Regional Integration in Latin America
Publisher: 
GIGA
City: 
Hamburg
Volume, number, page: 
n.5 , pp.1-10.
Abstract: 
Many regional organisations in Latin America are currently in crisis. Trade agreements, however, have made progress in the region. Today, 80 per cent of intra-regional trade is already under preferences. In March 2017 several international financial organisations – the World Bank, the International Monetary Fund (IMF), and the Inter-American Development Bank (IDB) – each independently proposed the creation of a Latin American and Caribbean free trade area

Euro and the financial relations between Latin America and Europe :

medium- and long-term implications
City: 
Santiago
Volume, number, page: 
71 p.
Category: 
Abstract: 
The internationalisation of the euro is in its initial stages and it is still difficult to draw any definitive conclusions regarding its scope and its implications for Latin America. Indeed, the emergence of an internationally used currency is slow and subject to inertial forces. Nonetheless, several fairly robust conclusions can be inferred from the results of the document. The most plausible medium- to long-term international scenario seems to be development of an asymmetrical duopoly between the euro and the dollar. In a context of scant international monetary cooperation, this scenario could lead to high volatility between the two main international currencies, which will be a powerful destabilising factor for third countries. In terms of official international reserves, the growing financial use of the single European currency and the development of Euroland capital markets should lead to greater diversification in favour of the euro in the medium and long term. Together with other factors, the growth of the euro bond market will tend to increase the pressure to widen and deepen the euro financial market and make it more liquid. This should favour the development of better conditions for both European and third-country participants. The geographic diversification strategy implemented by the European banks, and the boom in European foreign direct investment could also favour greater international use of the euro. For Latin America, the sustained increase in the share of euro-denominated international bond issues, chiefly by the public sector, makes it necessary to consider policies for managing the currency composition of the external debt. On the other hand, the medium- to long-term consequences of an increasingly bipolar but asymmetrical international monetary system will have to be included in the Latin America national exchange rate policies, enhancing the possibility of adopting anchor baskets.

Relations between El Salvador and European Union Identification of TOP 10 imported/exported products

The analysis of a possible market extension
Publisher: 
University of Economics
City: 
Prague
Volume, number, page: 
17 p.
Category: 
Considered Countries: 
Abstract: 
This paper deals with relation between El Salvador and European Union. It contains a review of existing cooperation agreements between the regions. It's main goal was to identify the TOP 10 imported and exported products. It contains an analysis of a possible expansion of the market between them and an identification of products where there is commercial potential.

A comparative reassessment of regional parliaments in Latin America

Parlasur, Parlandino and Parlatino
Publisher: 
IBRI
City: 
Brasilia
Volume, number, page: 
60:1, pp.1-18.
Abstract: 
The present article assesses and compares the MERCOSUR Parliament, the Andean Parliament, and the Latin American Parliament as instruments to insert political representation and parliamentarians in their respective integration projects. It is argued that the development of regional parliaments in Latin America, however, has not produced substantial changes in regional decisionmaking processes, which remain the exclusive domain of intergovernmental or interpresidential exchanges.

Latin American Role in International Geopolitics

Publisher: 
Peoples’ Friendship University of Russia
City: 
Moscow
Volume, number, page: 
15:4, pp.20-28
Considered Countries: 
Abstract: 
The article shows that over the past decade and a half there have been significant changes in the international situation in Latin America, which affected all the main areas of external relations in the region. The interaction between the Latin American countries moved forward, which was reflected in the formation and development of new structures, such as UNASUR, ALBA, SELAC, and the Pacific Alliance. China has dramatically expanded its presence in the region, which was manifested in the growth of trade and Chinese investment, and the transition from the level of bilateral cooperation to multilateral format. The cooperation between Latin America and Russia has risen on a higher level, which was manifested in the expansion of trade and economic ties and collaboration of certain Latin American integration groupings with the EAEC. The new moments characterize relations with the US, which is clearly evident in US-Cuban relations. Latin American countries have stepped up dialogue with the European Union. All these factors combine to expand the range of external relations of Latin American and Caribbean countries and prove the changing role of Latin America in the system of global relations.
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