Intraregional Trade of the Least-Developed-Members of Latin American Integration Systems

Bibliographic Data

ID4547801
AuthorsFrancisco E Thoumi (corresponding author)
Year1985
Volume27
Issue4
Pages75-94
Publication date1985-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Interamerican Studies and World Affairs (JOURNAL)
Journal identifiersISSN: 0022-1937 • E-ISSN: 2162-2736
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/165569
OpenAlexW2782915781
LanguageEN
Citations received2

Differences in the degree of economic development and diversification among members of economic integration systems could easily create obstacles to economic integration, as they tend to have an impact on the distribution of costs and benefits of economic integration processes.There are several reasons why the Least Developed Members (LDMs) within integration movements in Latin America are likely to be losers in the integration processes taking place within the region. First, the economies of these countries are less diversified than those of the more advanced countries. The LDMs have manufacturing sectors which are not well developed and which are concentrated in productive branches which process natural resources. When these countries join an integration movement with countries with more advanced and diversified manufacturing sectors, they would tend to import manufactured goods which are more protected than the natural-resource-based goods which they are likely to export

Business · Developing country · Diversification (marketing strategy) · Economic growth · Economic integration · Economics · International economics · International trade · Latin Americans · Natural resource · Political science · Regional Integration · Global Trade and Competitiveness · Global trade and economics · International Relations in Latin America