A Virtuous Cycle of Integration: The Past, Present, and Future of Japan-Latin America and the Caribbean Relations
Date issued
Oct 2016
Subject
Economic Integration;
Manufacturing Export;
Commodity Export;
Industrial Productivity;
Technology Transfer;
Investment Attraction;
Regional Integration;
Capital Goods;
Comparative Advantage;
Value Chain;
Trade Agreement;
Innovation;
Fishery;
Bilateral Trade;
Exponential Technology
JEL code
F15 - Economic Integration;
F2 - International Factor Movements and International Business
Country
Japan
Category
Monographs
Japan and Latin America and the Caribbean (LAC) enjoy a diverse and longstanding economic relationship. The ties between the two economies encompass trade and foreign direct investment in a range of industries, a robust cooperation agenda between governments, and significant migration flows, bringing considerable benefits to both sides and belying the common impression that LAC-Asia integration is only about commodities-for-manufacturing trade. This report describes how the relationship has evolved over the course of more than a century, highlighting the role of both firms and governments in discovering new areas for mutually beneficial exchange and encouraging a broader distribution of development gains. Despite these successes, there are still opportunities for LAC governments to deepen integration with Japan. In a challenging global economic environment, the report suggests how governments can ensure this relationship continues to prosper in the future.
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