For centuries, Latin America’s economies have revolved around digging up natural resources and shipping them overseas. Depending on the era, this could certainly be a lucrative endeavor, but commodity prices are notoriously fickle, and a focus on natural resources did not allow the region to build the manufacturing supply chains that have been instrument in East Asia’s rapid industrialization.
Against this background, Latin America is now facing a global change towards a new world trade order characterized by the emergence of so-called Mega Trade Deals.
But how exactly will such deals as the TTIP or TPP affect the Latin American countries? Find out in our newest explanatory video, based on our study: A Chain Reaction?