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Mañana Today: A Long View of Economic Value Creation in Latin America

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  • Enrique García R
  • Alvaro Mendez

Abstract

This commentary concerns the significant opportunities which the global economy’s current nearshoring trend offers the Latin American and Caribbean (LAC) region owing to a US–China decoupling. Yet the region, generally, is woefully unprepared. The state of the LAC will make or break the peoples’ attempts to exploit the new potential to better themselves. Yet the short‐termist myopia and public policy neglect of politicians is the greatest obstacle to the kind of development the region needs the most: high‐quality FDI enabling educated innovators to push LAC up the rank of global value chains; or else it will be trapped in middle income, at best.

Suggested Citation

  • Enrique García R & Alvaro Mendez, 2021. "Mañana Today: A Long View of Economic Value Creation in Latin America," Global Policy, London School of Economics and Political Science, vol. 12(3), pages 410-413, May.
    • Handle: RePEc:bla:glopol:v:12:y:2021:i:3:p:410-413
    DOI: 10.1111/1758-5899.12938
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    1. Mateo Crossa & Nina Ebner, 2020. "Automotive global value chains in Mexico: a mirage of development?," Third World Quarterly, Taylor & Francis Journals, vol. 41(7), pages 1218-1239, July.
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    Cited by:

    1. Dominik Bertram & Tobias Chilla & Carola Wilhelm, 2021. "Short Value Chains in Food Production: The Role of Spatial Proximity for Economic and Land Use Dynamics," Land, MDPI, vol. 10(9), pages 1-21, September.

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    More about this item

    JEL classification:

    • N0 - Economic History - - General
    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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