CONTENTS Foreword Abbreviations and acronyms Report of the Seminar Organization of the Seminar The background studies Summary of conclusions and recommendations Annex: List of participants Imperatives for south-south cooperation in the multilateral trading system Background Factors affecting negotiations at Seattle Ideas about cooperation among developing countries Other forms of cooperation among developing countries of Asia and Latin America Other possibilities for trade cooperation among developing countries Trade and investment promotion between Asia and the Pacific and Latin America: Present position and future prospects Introduction Overview of LAIA trade Overview of Asian and Pacific trade Market-access liberalization in Asia and the Pacific Intra-industry trade between Asia and the Pacific and Latin America Latin America and the international flow of capital Conclusions and recommendations Annex: Country codes for tables11 and 18 Investment opportunities in Latin America and Asia and the Pacific Trends in flows of foreign direct investment between Asia and the Pacific and Latin America Sector-specific trends for FDI flows Sector-specific trends in FDI flows between Asia and the Pacific and Latin America Policy hurdles, economic and non-economic impediments hindering investment flows Participation of East Asian and Latin American companies in regional processes: economic and non-economic impediments hindering investment flows Opportunities for Latin American investors in the Asian and Pacific region and for Asian and Pacific investors in Latin America and the Caribbean Sector-specific investment opportunities for Latin American investors in East Asia and for East Asian investors in Latin America Role of the government and the private sector in promoting interregional cooperation Foreign direct investment in Latin America: Current trends and future prospects Overview Current trends of foreign direct investment in Latin America Determinants of increased FDI in the 1990s The public policy envioronment for private sector development The impact of exchange rates and macroeconomic policies on FDI The impact of educational attainment on FDI The consequences of FDI Prospects for FDI in Latin America Annex: Measuring FDI flows Present and future of the integration process between Asia and Latin America: the role of the private sector Proposals for private sector inveolvement in the integration process General proposals for enhancing links Specific proposals for enhancing links Role of the Santiago Chamber of Commerce Conclusions The Latin American approach to Asia and the Pacific Economic integration between Asia and the Pacific and latin America Evolution of regional institutions Likelihood of closer interregional partnerships for Asia and the Pacific with Latin America Page iii v 1 1 4 5 9 19 19 19 28 32 35 45 45 49 72 82 85 89 102 124 125 125 128 133 144 146 150 150 155 161 161 162 169 176 180 183 184 188 190 193 193 194 198 200 202 203 203 217 238

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