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To Rethink Latin American Integration, Look to ASEAN

By Felipe Larraín B., Carmen Cifuentes V.

Asia’s 10-nation bloc provides a viable blueprint that could supercharge regional economies.

SANTIAGO—Today’s global landscape is increasingly shaped by economic fragmentation and geopolitical tension. In recent months, the U.S. has intensified its protectionist stance, weakening the multilateral trading system. These developments add to the lingering effects of the U.S.-China trade war, the COVID-19 pandemic, and the conflicts in Ukraine and the Middle East. All this has meant disruption, heightened uncertainty, and a growing preference for shorter, more secure, and more resilient supply chains. As resilience takes precedence over efficiency, nearshoring and reshoring are...

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