This paper explores the potential for regional cooperation between Latin America and the Caribbean, and Asia Pacific. The first section provides an overview of regionalism and how it evolved as a strategy to manage regional externalities. The second section provides a background on Asian regionalism and the factors for its success. The third section deals with prospects for inter-regional cooperation. The fourth section provides the conclusion and some recommendations to enhance partnership between the two regions. This paper was presented at the Latin America/Caribbean and Asia/Pacific Economics and Business Association (LAEBA)'s 5th Annual Meeting held in Singapore on July 15th, 2009.
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