IDEAS home Printed from https://ideas.repec.org/p/kob/dpaper/dp2019-02.html
   My bibliography  Save this paper

Pacific Alliance: A Latin American Version of“Open Regionalism”in Practice

Author

Listed:
  • Mikio Kuwayama

    (Research Fellow of Kobe University Research Institute for Economics and Business (RIEB) and Managing Director of the Japan Association of Latin America and the Caribbean (JALAC), Japan)

Abstract

This paper will argue that the favorable balance and world appraisal of the eight years of existence of the Pacific Alliance (PA) owes to its pragmatic, progressive, participatory, and consensual approach of regional integration based on “Open Regionalism” (OR). The OR concept of the PA has been renovated and accommodated by new challenges and opportunities that arise from the international economy, taking into consideration the specificities of Latin America. The PA’s version of OR emphasizes not only liberalization, trade facilitation, and economic and technical cooperation, as in the conventional OR concept, but also the building of regional capacity to respond to the needs of next-generation trade and investment issues. These issues include firms’ participation in GVCs (especially of SMEs), market-driven innovation policies, new forms of trade facilitation, and “quality” infrastructure, among others. The PA has been seeking integration modalities and instruments conducive to enhancing the synergy between the “market-led” and “policy-led integration. The four member states of the PA share a vision of a development model characterized by OR and a conviction that economic liberalization should be complemented by cooperation efforts on many fronts, which would result in enhanced productivity, competitiveness, and social inclusion. Therefore, these countries have sought to set themselves apart from other regional schemes that have been categorized as ideological such as UNASUR, Mercosur, and ALBA. The PA has been trying to streamline trade and investment relations with Mercosur, embarking on joint efforts aimed at creating a more unified and connected market in Latin America.

Suggested Citation

  • Mikio Kuwayama, 2019. "Pacific Alliance: A Latin American Version of“Open Regionalism”in Practice," Discussion Paper Series DP2019-02, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:dp2019-02
    as

    Download full text from publisher

    File URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2019-02.pdf
    File Function: First version, 2019
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blyde, Juan S. & Estevadeordal, Antoni, 2016. "La elusiva búsqueda de una mayor integración productiva en América Latina y el Caribe," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40899.
    2. Robert Devlin & Ricardo Ffrench‐Davis, 1999. "Towards an Evaluation of Regional Integration in Latin America in the 1990s," The World Economy, Wiley Blackwell, vol. 22(2), pages 261-290, March.
    3. -, 1994. "Open regionalism in Latin America and the Caribbean: economic integration as a contribution to changing production patterns with social equity," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37868 edited by Eclac.
    4. -, 1994. "Open regionalism in Latin America and the Caribbean: economic integration as a contribution to changing production patterns with social equity," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37868 edited by Eclac, May.
    5. Altomonte, Hugo & Sánchez, Ricardo, 2016. "Hacia una nueva gobernanza de los recursos naturales en América Latina y el Caribe," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40157 edited by Cepal, May.
    6. Baldwin, Richard, 2011. "21st century regionalism: Filling the gap between 21st century trade and 20th century trade rules," WTO Staff Working Papers ERSD-2011-08, World Trade Organization (WTO), Economic Research and Statistics Division.
    7. Rosales V., Osvaldo & Sáez, Sebastián, 2010. "Temas controversiales en las negociaciones comerciales Norte-Sur," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2612, May.
    8. Cracau, Daniel & Durán Lima, José Elías, 2016. "The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives," Comercio Internacional 40860, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. -, 2004. "Productive development in open economies: summary," Documentos de posición del período de sesiones de la Comisión 13094, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Martín Obaya, 2015. "Technological learning in MNC subsidiaries operating in regional integration processes: a case study on an automotive company in MERCOSUR," Globelics Working Paper Series 2015-02, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.
    3. Kuwayama, Mikio, 2009. "Quality of Latin American and Caribbean industrialization and integration into the global economy," Comercio Internacional 4439, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Pizarro, Ramiro, 1999. "Comparative analysis of regionalism in Latin America and Asia-Pacific," Comercio Internacional 4402, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Rosales V., Osvaldo, 2008. "Globalization and the new international trade environment," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    6. Bustillo, Inés & Ocampo, José Antonio, 2003. "Asymmetries and cooperation in the Free Trade Area of the Americas," Series Históricas 7864, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. -, 2003. "A decade of light and shadow: Latin America and the Caribbean in the 1990s," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2355 edited by Eclac, May.
    8. Garzón, Jorge F., 2015. "Multipolarity and the Future of Regionalism: Latin America and Beyond," GIGA Working Papers 264, GIGA German Institute of Global and Area Studies.
    9. Kuwayama, Mikio, 1999. "Open regionalism in Asia Pacific and Latin America: a survey of the literature," Comercio Internacional 4380, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    10. -, 2004. "Productive development in open economies: summary," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 13094 edited by Eclac.
    11. -, 2003. "Traffic congestion: the problem and how to deal with it," Cuadernos de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37898 edited by Eclac, November.
    12. Jorge F. Garzón, 2015. "Latin American Regionalism in a Multipolar World," RSCAS Working Papers 2015/23, European University Institute.
    13. Ocampo, José Antonio, 2001. "Raúl Prebisch and the development agenda at the dawn of the twenty-first century," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    14. Gore, Charles, 2000. "The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries," World Development, Elsevier, vol. 28(5), pages 789-804, May.
    15. Giovanni Agostinis, 2014. "Constructing regionalism in South America: the cases of transport infrastructure and energy within UNASUR," EUI-RSCAS Working Papers p0393, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    16. Beteta, Hugo E. & Moreno Brid, Juan Carlos, 2014. "Structural change and growth in Central America and the Dominican Republic: an overview of two decades, 1990-2011," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37342 edited by Eclac, May.
    17. Sokolova, Maria V., 2016. "Exchange Rates, International Trade and Growth: Re-Evaluation of Undervaluation," Conference papers 332790, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    18. Alessandro Borin & Riccardo Cristadoro, 2014. "Foreign direct investment and multinational firms," Questioni di Economia e Finanza (Occasional Papers) 243, Bank of Italy, Economic Research and International Relations Area.
    19. Richard Baldwin, 2013. "Trade and Industrialization after Globalization's Second Unbundling: How Building and Joining a Supply Chain Are Different and Why It Matters," NBER Chapters, in: Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, pages 165-212, National Bureau of Economic Research, Inc.
    20. Shenyi Xu & Ganghui Lian & Miaoyuan Song & Aiting Xu, 2024. "Do global innovation networks influence the status of global value chains? Based on a patent cooperation network perspective," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kob:dpaper:dp2019-02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Office of Promoting Research Collaboration, Research Institute for Economics & Business Administration, Kobe University (email available below). General contact details of provider: https://edirc.repec.org/data/rikobjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.