Progress in the pattern of intra-industrial trade between the European Union and Latin America: The cases of Brazil and Mexico
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Título: | Progress in the pattern of intra-industrial trade between the European Union and Latin America: The cases of Brazil and Mexico |
Autor/a: | Rodil Marzábal, Óscar Sánchez Carreira, María del Carmen López Arévalo, Jorge Alberto Arrazola Ovando, Emmanuel |
Centro/Departamento: | Universidade de Santiago de Compostela. Departamento de Economía Aplicada |
Palabras chave: | Intra-industrial Trade | Comercio intraindustrial | Inversión extranjera directa | Unión Europea | América Latina | Brasil | México | Cadena global de valor | Foreign Direct Investment | European Union | Latin America | Brazil | Global Value Chain | |
Data: | 2016 |
Editor: | EU-LAC Foundation |
Cita bibliográfica: | Rodil, Ó.; Sánchez, M.C.; López, J.A.; Arrazola, E. (2016). Progress in the pattern of intra-industrial trade between the European Union and Latin America: The cases of Brazil and Mexico. Hamburg: U-LAC Foundation |
Resumo: | This study examines changes in the pattern of intra-industrial trade (exchange of different varieties of the same good) between the European Union (EU) and the countries of Latin America (LA) over the last two decades, paying special attention to the cases of Brazil and Mexico. It focuses on the extent to which these trade relations are changing from a traditional profile based on complementarity (inter-industrial) and on static advantages (provision of resources) to a more modern, competitive profile – as a result of growing intra-industrial specialisation based on dynamic factors (economies of scale, product differentiation, etc.). The study’s starting premise is that the changes affecting the pattern of trade are related with the foreign direct investment (FDI) flows for which multinational companies are responsible. The relevance of the subject of this study resides in the economic changes occurring worldwide which are shifting the centre of gravity of the world economy and causing continuous transformation of global chains of production. In this regard, the study seeks to provide insights into how these changes translate to the pattern of trade between the EU and LA, in a context characterised by the superimposition of the processes of globalisation, regional integration and relocation of production. On the theoretical level, the research benefits to a large extent from contributions by the New Theories of International Trade which converge in the explanation of the phenomenon of intra-industrial trade vis-à-vis traditional (inter-industrial) trade. Additionally, aspects of Neo-Technological Theories such as the Product Life-Cycle Theory are considered, as well as other contributions in FDI’s explanatory framework including the OLI paradigm or the Export Platform Theory that aim at the construction of a framework integrating FDI and trade theories. The study is organised into the following seven sections: 1) Review of the theoretical framework; 2) Changes on the world economic stage; 3) Overview of FDI and trade between the EU and LA; 4) A comparative analysis of trade barriers and FDI; 5) Analysis of general and sectorial rules in the field of intraindustrial trade between the EU and LA: The cases of Brazil and Mexico; 6) Analysis of the FDI of Brazil and Mexico with their main European Union partners; 7) Integration of both dimensions in the input-output framework. The statistical information on which the study is based stems from various sources. For the analysis of trade, the data basically come from the World Trade Organisation (WTO), the United Nations (UN-Comtrade) and the Spanish Ministry of Economy and Competitiveness (Datacomex). For the study of the FDI, this publication relies on data from the United Nations Conference on Trade and Development (UNCTAD), the International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD), Eurostat (the statistical office of the European Union), and the Economic Commission for Latin America and the Caribbean (ECLAC). |
Versión do editor: | https://eulacfoundation.org/en/documents/progress-pattern-intra-industrial-trade-between-european-union-and-latin-america-cases |
Recurso relacionado: | Avances en el patrón de comercio Intra-industrial entre la Unión Europea y América Latina: Los casos de Brasil y México |
URI: | http://hdl.handle.net/10347/15065 |
ISBN: | 978-84-608-6332-8 |