TITLE:
Pacific Alliance and the Challenge of the Green Economy
AUTHORS:
Ernesto Rangel, Angel Licona
KEYWORDS:
Pacific Alliance, Challenge, Green Economy
JOURNAL NAME:
Modern Economy,
Vol.6 No.1,
January
16,
2015
ABSTRACT: The Pacific Alliance
(PA) was constituted on April 28, 2011 by Mexico, Colombia, Chile and Peru. It represents
a market of 209 million people with a GDP of over 2 billion USD. It has more
than 35 percent of GDP in Latin America and concentrates 50 percent of Latin
American exports to the world. PA as regional integration instance that moves
progressively to the openness of the movement of goods, services and
investments and, shows even more the importance of the Asia Pacific region,
whose economic dynamics and competitiveness achieved in the XXI century,
presents a greater challenge to Latin American economies. With the integration
process that keeps the four countries of the PA, it is necessary to extend
cooperation with APEC, particularly in green economy area as an alternative to
the challenge of the problems of climate change, the Kyoto protocol and
technological change, among others issues, being an alternative to address the
deterioration of renewable and nonrenewable resources in the various PEC
economies. The authors present the PA as a promising regional integration
initiative that should use the experience of APEC to open a field of
collaboration that allows the rapprochement between these two regions, in order
to promote friendly competition with the environment. The experiences followed
by each of the member economies of the PA are presented as a suitable platform
to search for mechanisms intra and interregional collaboration that enable green economy that should be aspirated.