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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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Summary

From the 1990s onwards, economic relations between countries entered a new phase, known as hyperglobalization, characterized by rapid growth in cross-border flows of goods, services and capital. In addition, since the 2000s there has also been a surge in cross-border data flows. Another trend has been the increase in the proportion of migrants in the population of industrialized countries, even though their share in the world population held steady. Hyperglobalization is also characterized by the low presence of global public goods and international coordination mechanisms that would correct or reduce the tensions associated with this phenomenon.

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