A New Pacific Nexus: Canada, Latin America and Asia
In view of slow global growth, economic integration initiatives through trade and investment have been the preferred tool to boost growth. Latin America sets an example of good management during economic slowdowns in Europe and the U.S. by exporting commodities to its strategic partner Asia, which reduced Latin America’s vulnerability to economic changes. Also, the performance of the trade bloc Pacific Alliance – comprised by Chile, Peru, Colombia, and Mexico – stands out in the region because its members are the best countries in the ease of doing business (World Bank, 2016) and have the most resilient economies.
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