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What is Open Regionalism

Chapter 3
Impact of Global Issues on International Trade
It seeks to increase integration among neighboring countries, eliminating and reducing at the same time barriers to integrate with the rest of the world. It is considered as a strategy to facilitate international exchange of goods or services and to coordinate trade economic policies between regions.
Published in Chapter:
Pacific Alliance Facing Crises: A Trade Perspective (1990-2020)
Jahir Lombana (Universidad del Norte, Colombia), Lorena A. Palacios-Chacón (Insituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Mexico), Nestor U. Salcedo (ESAN Graduate School of Business, Peru), and Adriana Cabello-Cerna (Universidad de Chile, Chile)
Copyright: © 2021 |Pages: 29
DOI: 10.4018/978-1-7998-8314-2.ch003
Abstract
The Pacific Alliance (PA) is an integration process that projects the commercial exchange of value-added products for its members. However, the external and internal crises have made the PA a volatile region in social and economic terms. This chapter analyzes the economic and trade policy trends in PA countries since 1990 and how they faced the different world and regional economic crises. From the particular analysis of the countries, there are similarities and differences in trade trends and the way to control crises. This chapter provides a general framework to review more specific approaches by sectors, industries, and companies.
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