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dc.titleLatin America and Korea: Partners for Sustainable Trade and Investment
dc.contributor.authorMesquita Moreira, Mauricio
dc.contributor.authorDolabella, Marcelo
dc.contributor.authorKo, Kwanghee
dc.contributor.authorChoi, Hankyeung
dc.contributor.authorEm, Honggi
dc.contributor.authorChoi, Sungkyu
dc.contributor.authorKim, Yongseok
dc.contributor.authorLee, Da Sol
dc.contributor.authorChicola, Erica
dc.contributor.editorMesquita Moreira, Mauricio
dc.contributor.orgunitProductivity, Trade and Innovation Sector
dc.coverageRepublic of Korea
dc.coverageLatin America and the Caribbean
dc.date.available2022-09-26T00:09:00
dc.date.issue2022-09-26T00:09:00
dc.description.abstractThe relationship between Korea and Latin American and the Caribbean has come a long way. As the two economies embraced trade with one another in the early 1990s, their connection went from being irrelevant to being a wealth machine. Bilateral trade grew at an impressive annual rate of 11.5%reaching a record high in 2021. The trade boom was followed by US$26 billion in investments by Korean firms in the region since 2000. Despite this meteoric rise, lingering trade barriers remain, and new challenges are emerging from a string of disruptive shocks to the global economyprotectionist backlashes; growing and interrelated sanitary, food, energy, and climate crises; and a fast-moving “digital transformation.” This monograph argues that, despite the challenges, both economies have a set of policies, institutions, and comparative advantages that, if reinforced and leveraged by trade and cooperation, can turn these shocks into bilateral and global opportunities for inclusive and sustainable growth.
dc.format.extent48
dc.identifier.doihttp://dx.doi.org/10.18235/0004481
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/latin-america-korea-partners-for-sustainable-trade-investment.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/America-Latina-y-Corea-socios-para-el-comercio-y-la-inversion-sostenible.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/korean/document/latin-america-korea-partners-for-sustainable-trade-investment-korean.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectIntegration and Trade
dc.subjectForeign Direct Investment
dc.subjectInternational Cooperation
dc.subjectSustainable Investment
dc.subjectExport
dc.subjectEconomy
dc.subject.jelcodeF13 - Trade Policy • International Trade Organizations
dc.subject.jelcodeF15 - Economic Integration
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.subject.jelcodeF23 - Multinational Firms • International Business
dc.subject.jelcodeF35 - Foreign Aid
dc.subject.jelcodeF50 - International Relations, National Security, and International Political Economy: General
dc.subject.keywordsCooperation;Trade;Latin America;Korea
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-01043
idb.operationRG-T3913
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