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Transnationalization and integration of production in Latin America
- Source: CEPAL Review, Volume 1995, Issue 57, Dec 1995, p. 133 - 149
- Spanish
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- 13 Dec 1995
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Abstract
Trade among the ALAD countries has grown with exceptional vigour so far in the 1990s, especially in the branches of metal products, machinery and equipment, chemical products, and foodstuffs, beverages and tobacco. In order for this dynamic growth to be sustainable in the long term, these countries must develop their intra-industry trade by promoting reciprocal supply in those branches. The bulk of transnational productive capital in Latin America is concentrated in those branches, and it is in the metal products, machinery and equipment sector that the swiftest increase in intra-industry trade takes place and the link between the growth of intra-regional trade and a strong presence of transnational capital is most marked.
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