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International Monetary Fund. Western Hemisphere Dept.
This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With trade integration below that of other regions, there is scope for Latin America and the Caribbean to increase trade as an engine of growth to help offset the weaker economic outlook without damage to overall income inequality. There is potential to enhance both inter- and intraregional trade integration, but renewed political momentum within the region in support of greater trade openness could do much to further intraregional trade integration in particular.