Prospects for Regional Cooperation between Latin America and Caribbean and Asia Pacific: Perspective from East Asia

Abstract

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.