THE DYNAMICS OF ASIAN PRODUCTIVE INTEGRATION AND SOME CHALLENGES TO SOUTH AMERICAN INTEGRATION
DOI:
https://doi.org/10.22456/2176-5456.13381Keywords:
Productive integration, Regionalism, Economic developmentAbstract
This paper examines structural, micro and macroeconomic dimensions of the Asian productive integration in the last decades and explores some lessons for Mercosur. We argue that despite some asymmetries on value chain the conjunction of these dimensions had generated a dynamic and pro- growth integration. The contrast with the Mercosur is the composition of exports, the external vulnerability of each country and the absence of a net importer country. These factors are obstacles for an articulated expansion of regional trade and economic growth.