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Latin America and the Caribbean in the World Economy 2016

The Region Amid the Tensions of Globalization

image of Latin America and the Caribbean in the World Economy 2016

The 2016 edition of Latin America and the Caribbean in the World Economy reviews international and regional developments from a trade perspective, describing the principal global economic trends and structural changes in international trade, the main areas of trade growth and the changes these drive in the region.

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Dissatisfaction with hyperglobalization

The world is undergoing an intense economic globalization process that has gained momentum since the 1990s, and is characterized by the slashing of barriers to trade in goods and services and to international capital movement, by the development of international production networks led by multinationals and, in the past decade, by a surge in cross-border data flows. Globalization, along with the ongoing digital revolution, has changed the roles that the different regions of the world play in global production, with major consequences in terms of income distribution. Several developing countries, particularly China and other Asian economies, are emerging as winners by increasing their share in production, trade and foreign direct investment (FDI).

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