Abstract
This document has the purpose of contributing to the analysis of trends and prospects of Latin America’s insertion into the new global scenario, characterized by a growing integration of national economies – through trade, investment, finance, etc. – and the increasing expansion of the so-called global value chains (GVCs). In this paper we study the nature and impacts of the insertion of Latin American countries in the GVCs. Admitting that we are speaking of a heterogeneous reality, the present situation proves to be “unsatisfactory”, taking into account that some countries play a minor role in the GVCs, while others, more integrated into them, reap, in general terms, relatively small spillovers from that insertion. Factors behind these trends are evaluated and some political lessons that could help improve the region’s positioning in today’s global scenario are drawn.
