Latin America And Canada: Economic Cooperation In A New World Order

Abstract

The emerging new world order is creating new challenges and prospects for the development of bilateral and multilateral cooperation. Different regions of the world are establishing new political and socio-economic ties, creating new projects, and looking for ways of more effective cooperation. While Latin America is experiencing a crisis of classical integration projects, the countries of the region are looking for new opportunities of economic growth, as well as for new investors and new sales markets. This article examines the development of economic ties between Canada and Latin America in the 21st century. On the basis of UN data, government statistics, statistics of international organizations and expert assessments the article shows the problems and prospects for the development of the Latin American vector of Canada's foreign economic activity. The authors come to the conclusion that bilateral cooperation has both development potential and objective growth limits. The article analyzes the indicators of import and export, examines their structure, provides estimates of economists on the prospects for investment partnerships, and focuses on Canada's participation in Latin American projects within the framework of regional cooperation.

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This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.226

Online ISSN

2357-1330