2021
DOI: 10.4018/978-1-7998-8314-2.ch003
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Pacific Alliance Facing Crises

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 contr… Show more

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Cited by 3 publications
(4 citation statements)
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“…Also, the effect of REI on financial markets differs according to emerging markets (Guesmi and Nguyen, 2011), economic aggregation of the national, industry, and the firm level (Fazio, 2007;Garcia-Herrero et al, 2009;Karim and Majid, 2010). Further, some economic blocs show a tendency of member states to trade outside their regions or display misaligned trade behaviours (Garc ıa-Herrero et al, 2009;Lombana et al, 2021). These studies reveal insightful characterisation of REI and financial integration.…”
Section: Introductionmentioning
confidence: 93%
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“…Also, the effect of REI on financial markets differs according to emerging markets (Guesmi and Nguyen, 2011), economic aggregation of the national, industry, and the firm level (Fazio, 2007;Garcia-Herrero et al, 2009;Karim and Majid, 2010). Further, some economic blocs show a tendency of member states to trade outside their regions or display misaligned trade behaviours (Garc ıa-Herrero et al, 2009;Lombana et al, 2021). These studies reveal insightful characterisation of REI and financial integration.…”
Section: Introductionmentioning
confidence: 93%
“…, 2009; Karim and Majid, 2010). Further, some economic blocs show a tendency of member states to trade outside their regions or display misaligned trade behaviours (García-Herrero et al ., 2009; Lombana et al ., 2021). These studies reveal insightful characterisation of REI and financial integration.…”
Section: Introductionmentioning
confidence: 99%
“…Since the announcement of its creation, with the Declaration of Lima on April 28, 2011, the Pacific Alliance has been perceived as an economically attractive subregion—based on the sum of the economic indicators of Chile, Colombia, Peru, and Mexico (ECLAC–United Nations, 2014); it has everything needed to establish a deep and pragmatic integration within the Member Countries that can be distinguished from all previous Latin American efforts (Lombana et al, 2021; Vargas‐Alzate, 2019).…”
Section: Introductionmentioning
confidence: 99%
“…Las razones de las protestas de este comienzo de siglo se pueden clasificar en protestas por justicia económica, falla en la representación y el sistema políticos, (in)justicia global y derechos de los individuos (Ortiz, et al, 2013). Todo lo anterior agravado con crisis económicas por rezagos del 2008 y la pandemia de 2019-2021 que multiplicaron los ya conocidos problemas de desigualdad y pobreza (Busso & Messina, 2020;Lombana, Palacios, Salcedo & Cabello, 2021). De allí que el problema en Latinoamérica, como lo explican Blanco y Grier (2009), es de estructura, aunque su afectación por las protestas muestra que es de coyuntura.…”
Section: Introductionunclassified