Analysis and Strategies for Latin American Integration: A General Equilibrium Trade Model Perspective.

Latin America and the Caribbean face persistent challenges that hinder equitable and sustainable economic development. In an increasingly interconnected global economy, understanding the intricate economic relationships between these nations is essential. Both multilateral and regional trade agreements are critical instruments in driving global integration. This study delves into the effects of trade liberalization policies in Latin America and the Caribbean, particularly emphasising deep trade agreements to foster regional development and enhance welfare. Employing a Structural Gravity Model of Trade, this research evaluates the implications of these policies for economic growth and welfare improvement across the region. Furthermore, it highlights key public policy measures and integration strategies that can support sustainable and inclusive growth in Latin American and Caribbean countries.